This document provides a 6-step guide for businesses to reduce emissions and addresses climate change. It discusses the risks of climate change and regulations, measuring emissions, setting reduction targets, implementing initiatives, offsetting remaining emissions, and tracking progress. Solutions discussed include energy efficiency in buildings, lighting, office equipment, and green procurement. The business case for action includes cost savings, competitive advantage, and responding to future regulations and consumer expectations.

2. Overview Purpose of the Guide : Enables every business whether it is a small, medium or large enterprise, to play a role in addressing climate change. Guide written for senior managers , green teams and general staff. Why reduce emissions? Th e Business Case : R isks and Opportunities . How can businesses reduce their emissions? We propose a six step approach. What are the solutions? There are many solutions available, ranging from low cost, simple actions such as energy efficiency to cost effective long-term investments. Every business has a role to play in addressing climate change.

3. Why Do We Need to Reduce Emissions? Greenhouse gas emissions (GHG) in the atmosphere are reaching a critical level. If the increase in emissions continues there is a high risk that this will create catastrophic, or so called ‘runaway’ warming of the planet. The Intergovernmental Panel on Climate Change (IPCC) estimate that we have ten years in which to stabilise emissions to a maximum of 450 parts per million (they are currently at 430ppm) so as to stabilise global temperatures to a safe level at or below 2 degrees of warming.

6. The Business Case . The Risks & Opportunities Avoids Costs of Reduced Risk & Stranded Assets Cost Savings Improved Energy Efficiency Enhanced Reputation and Leadership Reduced Risks from Legislation Competitive Advantage Six Reasons Why Reducing Emissions Makes Good Business Sense

11. How Can Businesses Reduce their Emissions?

13. Step 2. Measure Energy Use and Emissions Introduced a company-wide ‘Project Environmental Performance Data Form’ in 2003 to provide monthly updates on the environmental impact of its transport, construction, equipment usage and electricity consumption. The GHG Protocol provides an international standard in accounting for GHG emissions.

16. Step 5. Offset to B ecome C arbon N eutral Carbon neutrality is when an organisation cuts/and or offsets its emissions to zero. Some of the most popular carbon offset projects from a corporate perspective are energy efficiency and wind turbine projects . CX’s Fly Greener programme offers passengers the option of using cash or frequent flyer miles to pay for carbon offsets. Since launch in 2007, they have offset 30,000 tonnes of carbon emissions and invested in wind power generation projects near Shanghai. These wind projects are registered under the Voluntary Carbon Standard. The world’s first major bank to achieve carbon neutrality since 2005. The bank offsets its remaining emissions through investing in third-party verified projects that generate credible carbon credits from both the compliance and the voluntary markets .

18. What Are the Solutions? What options are available for switching to a cleaner and more efficient energy future? How much will it cost? The good news is that many cost-effective solutions exist today and a number of emerging technologies look to deliver more substantial reductions in the future. B usinesses that look for solutions now and seize the opportunities will be the successful companies of the future.

19. Where Do HK’s Emissions Come From? There are many cost-effective solutions for each of these high impact areas. How is Hong Kong’s energy being used? Where do Hong Kong’s emissions come from?

22. EE = Low Hanging Fruit Energy efficiency is one of the quickest, cheapest, cleanest ways to address reducing emissions. Energy saving initiatives such as building insulation, heat pumps, solar heating and efficient appliances can substantially reduce the energy consumption of buildings. Many of these can be installed with little or no cost through building design and good management practices of building operators and occupants.

28. What’s Y our S tory?

29. More Information We would like to direct you to the online version of the guide found at: www.climatechangebusinessforum.com Kindly encourage your colleagues and supply chain contacts to have a look at the guide.

30. Thank Y ou. Please contact the CCBF Secretariat if you have any further questions.