Paths to Achieving Scope 1 Carbon Neutrality in Building Utilities

Abstract

Corporate entities are increasingly adopting sustainable practices and working towards climate commitments. This study seeks to provide a practical, actionable guide for corporations seeking to navigate the complexities of Scope 1 carbon abatement. Specifically, a framework is developed to determine paths to achieve Scope 1 carbon neutrality in building utilities for a large global biotechnology company. The framework combines data analysis, extensive stakeholder engagement, financial evaluation, and expert consultation with the application of optimization modeling. This multi-dimensional approach is designed to navigate the complex landscape of carbon abatement, identifying viable technologies and strategies that pave the way to achieving Scope 1 carbon neutrality while balancing operational efficiency, cost-effectiveness, and strategic priorities. The research evaluates 11 categories of decarbonization solutions, encompassing energy efficiency measures, alternative and renewable energy sources, with an emphasis on their technical viability, implementation feasibility, and financial impacts. Through this assessment, the study zeroes in on 9 solutions deemed most appropriate for the biotechnology industry, incorporating them into an optimization model. This model serves as a strategic tool, guiding the selection of decarbonization projects and the appropriate volume of carbon offsets required to achieve carbon neutrality. The optimization model is a flexible platform for evaluating various scenarios and constraints, thereby facilitating informed decisions that align with a company’s environmental, financial, and strategic objectives. The developed framework and insights can serve as a blueprint for other corporations grappling with similar challenges in reducing Scope 1 emissions from their building utilities. The research underscores the potential for significant environmental impact through the adoption of targeted decarbonization strategies, contributing to the broader goal of mitigating climate change.