What is the Net Zero Challenge
In May 2023, Donna Cona enrolled in Canada’s Net Zero Challenge (NZC). The NZC is designed for both public and private sectors to achieve net-zero emissions by 2050. Led by the Government of Canada, the NZC encourages organizations across all industries to take steps towards reducing greenhouse gas emissions and addressing climate related issues. The Government of Canada has committed to reducing Canada’s emissions by 40-45% from 2005 levels by 2030, putting Canada on a path to reach net-zero emissions by 2050.
Which requirements did Donna Cona meet?
To join the NZC, Donna Cona committed to set a net-zero emissions target for 2050 for Scope 1 and 2 emissions, while working toward a more sustainable future.
Within 12 months of joining NZC, the participants must complete the NZC Preliminary Participation Checklist. To meet the checklist requirements, we worked with a third-party vendor to complete a Taskforce on Climate-related Financial Disclosure (TCFD) gap analysis and develop a preliminary net-zero TCFD roadmap. TCFD is a key element of the international reporting standards that are expected to be adopted by most countries, including Canada, over the next few years.
The Minister of Environment and Climate Change Steven Guilbeault commented: “More and more businesses across Canada are aiming to make their facilities and operations net-zero—not just to fight climate change, but also to stimulate innovation, demonstrate corporate responsibility, and ensure their long-term competitiveness. By taking up the Net-Zero Challenge, alongside more than 130 other companies, Donna Cona is leading Canada’s clean industrial advantage and the path toward a sustainable future.”
The Net-Zero Challenge is a voluntary initiative by the Government of Canada that encourages business to develop and implement credible and effective plans to transition their facilities and operation to net-zero emissions by 2050. By participating, companies like Donna Cona are committing to reducing their greenhouse gas emissions, fostering innovation, and enhancing their competitiveness in a low-carbon economy.
What is Donna Cona’s upcoming actions?
In 2024, Donna Cona will submit Milestone 2, the Comprehensive Participation Checklist. To fulfill this requirement, Donna Cona is exploring and evaluating different future scenarios that could impact the organization’s ability to decarbonize and reduce emissions.
Donna Cona’s enrollment
The Net-Zero Challenge – Canada.ca
