The objectives of the 'Carbon Neutrality and Beyond' commitment program are two-fold:
Offsetting Noble's carbon footprint
The Noble Group will calculate its carbon footprint considering all relevant and significant green house gas (GHG) sources such as electricity and heat consumption, employee business travel, use of company-owned cars, employees commuting to and from work, waste and wastewater disposal and paper consumption.
Reducing Noble's carbon footprint
The Noble Group aims to generate awareness and to influence behavior with all Noble Group stakeholders around the world with the objective to reduce their carbon footprint:
Internally to its 10,000 staff. Through a sustained communication program throughout all offices, the Noble Group wants to generate awareness and encourage action. The company will print a carbon neutral brochure in 5 different languages and launch a website with information material to encourage social and environmental responsible behavior. Additionally, its Carbon Credits Team has been raising awareness internally through 'lunch and learn' programs, and education panels at general management meetings.
Externally, the company also aims to equally influence its external stakeholders, meaning the 4000+ companies that the Noble Group does business with, its partners and suppliers across the globe, and just as importantly, the communities which are touched by the operations of Noble. Additionally, the company is supporting its partners through offering them a platform to participate in the carbon trading markets.
In the first stage, the Noble Group calculated the emissions created from the business activities from its Beneficiary ships; the Noble Group Headquarters in Hong Kong; and the Noble Carbon Credits Group. Noble's measurement considered all relevant and significant GHG sources such as fuel combustion, electricity and heat consumption, employee business travel, use of company-owned cars, employees commuting to and from work, waste and wastewater disposal and paper consumption. Noble's carbon footprint amounted to 113, 674 t of CO2eq. This has been calculated in a conservative and transparent way according to the internationally recognized 'Greenhouse Gas Protocol' and verified by an independent certification agency.
After calculating its carbon footprint, the Noble Group has offset the same with high standard VERs (Verified Emission Reduction) that the company purchased from renewable energy projects in developing countries such as India. The credits have been permanently retired. Thus, the calculated CO2 emissions are neutralized.
In the second stage, Noble plans to extend its calculation to Noble's business activities in its main trading centers: Singapore, Lausanne, London, Stamford and Sao Paolo as well as Noble's main company events.
The offset of existing emissions is a very valuable contribution to the environment. But looking into the future the key step to protect the climate is to reduce or avoid greenhouse gases. It is not always possible to avoid all emissions; however, the Noble Group will explore and implement measures such as encouraging employees to make use of video conference systems.
Noble will use its extensive reach and raise awareness among its employees, business partners, and communities through communication programs and guidelines for suppliers. The Noble Group will try to reach as many people as possible educate and encourage them to adopt a more eco-friendly behavior that benefits us all.
First Milestone(s): In 2008, the Noble Group off-set113 674 tonnes of carbon dioxide emission generated by the business activities at the Noble Headquarters in Hong Kong, Noble's beneficiary ships and the Noble Carbon Credits Group in 2007.
The second milestone is to include Noble's main trading center in the calculation and to offset these emissions as well.
The third milestone is to launch a carbon neutral brochure in five different languages and a website to raise awareness.
The Noble Group also aims to achieve the following targets:
Through energy saving and efficient usage of resources the Noble Group would like to reach a Reduction of 5-10 percent of its specific GHG emissions caused by our office activities within the next three years.
14,000 people will be influenced and positively changed through generate awareness
SEEKING: financial resources, implementing partners, best practices information, media and marketing assistance
Noble always looks out for new solutions and best practices to learn about efficiency and sustainability in commodity supply chains.
Offering: Noble can assist to find a customized offset solution for companies that are interested to deliver Carbon Neutral products or offset the GHG emissions of their operations.