Climate Smart weighs in on the carbon tax
With the new carbon pricing now active in most Canadian provinces, businesses are looking at ways they can adapt to reduce their carbon output and associated costs. With the majority of Canadian businesses being SMEs (99.7%), many are wondering how the new carbon pricing will affect their businesses profitability and what they can do to adapt to these changes.
Co-founder of Climate Smart, Elizabeth Sheehan, shared with BNN Bloomberg in a recent feature how businesses who engage with the Climate Smart program have the potential to reduce their carbon footprint on average by 20%, while increasing operational efficiencies and saving costs in energy, fuel and waste. She notes that their latest study of more than a hundred firms show a total annual cost savings of $4.5 million as a result of efforts to reduce their carbon output. See the full BNN Bloomberg article here.
Through working with businesses, Climate Smart gives businesses the tools to profitably reduce their carbon footprint while promoting business competitiveness.