Reason #5 Why Canadian Companies Need to Measure Carbon Emissions Starting 2024

As Canada steps up its climate policies, the need for carbon measurement in the food and beverage industry is no longer optional—it’s a competitive necessity. The sector is a major contributor to carbon emissions, making it a prime target for new regulations and consumer demands for transparency. But tracking and managing emissions isn’t just about compliance; it’s a strategy for future-proofing your business. Carbon tracking helps reduce costs, drive innovation, and build a strong reputation as a sustainability leader. Companies that adopt these practices now are set to reap the benefits of a low-carbon economy, from cost savings to strengthened brand loyalty.

Here, we explore how carbon measurement benefits Canadian food and beverage companies, providing insights on reducing waste, meeting stakeholder expectations, and setting a foundation for long-term growth. Explore how carbon intelligence tools are revolutionizing reporting, and learn why getting started now can set your business on a path to enhanced efficiency, resilience, and brand value in a carbon-conscious marketplace.

1. The Cost-Saving Potential of Carbon Measurement

Carbon emissions are more than an environmental footprint; they’re a form of waste. Tracking carbon can reveal inefficiencies in supply chains, logistics, and production processes, allowing businesses to make improvements that reduce both costs and emissions. Every instance where emissions decrease—whether in production, packaging, or transportation—reflects enhanced efficiency. Identifying these inefficiencies can lead to substantial savings in operational costs.

Beyond Compliance
The financial benefits of carbon tracking go beyond immediate cost savings, positioning companies for long-term profitability and resilience. Businesses that reduce emissions now set themselves up to navigate future regulations smoothly, avoiding potential costs associated with delayed action.

2. Aligning with Stakeholder Expectations

Investors, shareholders, and consumers increasingly expect businesses to not only disclose their carbon emissions but also take proactive steps to reduce them. According to Deloitte, in Canada 78% of major companies already report on direct emissions, with nearly half disclosing indirect (scope 3) emissions as well.

Science-based targets have become the benchmark for what counts as meaningful progress. Companies that measure and manage their emissions will be better equipped to meet stakeholder expectations, build trust, and enhance brand loyalty.

Large stakeholders demand verifiable efforts from suppliers. For example, large grocery retailers like Sobeys, Loblaws and Metro push for science-based emissions targets by 2027, and small and medium suppliers who don’t take action now may face an uphill battle in meeting these demands. If your business can demonstrate it’s already reducing emissions and tracking them accurately, you’ll be in a stronger position to win these contracts.

3. Carbon Tracking as a Competitive Differentiator

Transparency around carbon measurement doesn’t just support compliance; it’s a powerful differentiator. For companies willing to lead on sustainability, carbon tracking provides an edge in a crowded, carbon-conscious marketplace. Businesses that actively track, report, and reduce their emissions are often better positioned to secure partnerships with larger corporations, capture the loyalty of environmentally aware consumers, and attract interest from investors focused on environmental, social, and governance (ESG) metrics.

Real-World Impact

One of our clients, a dessert company, began measuring the carbon footprint of its products. Their transparent commitment to emissions reductions caught the attention of a major global retailer, resulting in a high-profile placement for their desserts in the retailer’s cafeteria. This example illustrates how carbon measurement can strengthen brand reputation and open doors to larger partnerships.

Appealing to New Markets

Sustainability-focused consumers increasingly seek out brands that align with their environmental values—and are often willing to pay a premium for eco-conscious products. Similarly, investors are shifting their focus toward companies with robust carbon reduction goals and science-backed targets. By embracing carbon tracking and committing to clear, transparent reporting, businesses can position themselves as leaders in a rapidly growing market segment that prioritizes environmental accountability and action.

What now? Starting with Carbon Intelligence

The good news is that advancements in carbon intelligence technology have made carbon tracking more accessible and affordable. CarbonOne’s platform offers an efficient, cost-effective solution to monitor emissions without needing prior experience. Unlike traditional methods, this platform replaces time-intensive manual calculations and reduces reporting costs by as much as 90% while retaining equal—or higher accuracy.

For small to medium businesses, starting carbon measurement can feel overwhelming. But tools like CarbonOne’s platform simplify the process with a few key steps:

Begin with Simple Measurements: Track direct emissions (Scope 1&2) before expanding to more complex supply chain emissions (Scope 3).
Leverage Digital Solutions: Use carbon intelligence software such as CarbonOne to automate calculations and ensure accuracy.
Set Incremental Targets: Start with achievable goals and build toward science-based targets over time.

Take Action Now
Early adopters of carbon tracking will lead the way in a shifting landscape, gaining resilience, securing consumer trust, and strengthening market position. Embrace this opportunity to future-proof your business. Discover how CarbonOne can help you start your carbon measurement journey today—get ahead, reduce costs, and secure your competitive advantage. Get in touch today.

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Reason #5 Why Canadian Companies Need to Measure Carbon Emissions Starting 2024

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