Issue link: https://resources.tangoanalytics.com/i/1507482
Incentivize Consumers: Retailers can influence their customers to make more environmentally-conscious choices to reduce downstream emissions. This can be accomplished by, for example, clearly labeling products with recycling instructions or implementing reuse programs with a reward system for customers. Packaging Decisions: More concentrated product formats with more compact packaging can help minimize the impacts associated with raw material production. Using recycled content in packaging can also help reduce waste. 04 — Waste Minimization: 05 — Implementation, Operationalization, & Planning: The companies that have had the most success in delivering financial returns while implementing effective environmental and climate stewardship have embedded goals of decarbonization and net zero into their organizational structure, governance, and overall purpose. Forward-looking firms will keep in mind that building ESG criteria into operational strategies and reporting are fast becoming a prerequisite for catching the eye of many long-term investors and asset managers. A few steps that lay the groundwork for future decarbonization and sustainability operationalization include: Assessing current portfolio performance: This assessment outlines current energy efficiency and carbon emissions of buildings, can help to identify areas for improvement, and can provide a baseline against which to measure the success of sustainability initiatives. Take stock of upcoming regulations and policies that may affect your firm Develop a sustainability strategy: outlines the firm's sustainability goals and targets, as well as the specific actions and initiatives that are most material to your business and stakeholders