Net Zero Strategies in the Sport Sector – Thematic Intelligence
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Net Zero Strategies in Sports Sector Thematic Overview
Net zero means cutting greenhouse gas emissions (GHG) to as close to zero as possible. Firms that achieve net zero emissions are called “carbon neutral.” Companies are under pressure to cut emissions as countries aim to achieve their climate commitments. Emissions are offset by supporting projects that reduce emissions or remove greenhouse gases from the atmosphere.
The “Net Zero Strategies in Sports Sector” thematic intelligence report gives you an in-depth insight into the net zero targets and performance of leading sports sector companies. The report elucidates the importance of a net zero strategy in the sports sector along with the progress made by the leading retailers to achieve the emission target. These detailed analyses are critical in developing effective business plans to gain a competitive edge.
A Stylized Net Zero Strategy
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Leading Companies and Organizations | · Manchester City
· Nike · McLaren · The International Olympic Committee |
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Sports Sector - Scope 1, 2, and 3 Emissions Strategies
Sports sector companies are reducing Scope 1 and 2 emissions through multiple key strategies that include the use of renewable energy and targeting sustainable energy sources, energy efficiency, and the electrification of operations. For instance, football and F1 teams can use renewables to cut Scope 1 and 2 emissions
To reduce Scope 3 emissions, sports sector companies can encourage sustainable manufacturing, focus on a circular economy to reduce value chain emissions, and invest in sustainable transport among others. For instance, sports clubs and organizations can work with partners to map end-to-end supply chains and identify emissions sources. This includes production, manufacturing, and logistics processes.
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Sports Sector - Net Zero Strategies of Leading Companies
A few sports sector companies and organizations evaluated in this report are Manchester City, Nike, McLaren, and The International Olympic Committee, among others. Other clubs such as Tottenham Hotspur and Liverpool produced the best emissions data of all Premier League clubs and had the clearest net-zero strategies. In addition, Nike significantly reduced its Scope 1, 2, and 3 emissions between 2018 and 2022. Nike also secured renewable electricity globally through power purchase agreements (PPA), virtual PPAs, and by securing unbundled Energy Attribute Certificates (EAC) in select markets as a bridge solution.
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Scope
- The “Net Zero Strategies in the Sport Sector” thematic intelligence report gives you an in-depth insight into the targets and performance of 20 companies within the sports sector.
- The team analyzed in the report includes five football clubs, five F1 teams, five sporting federations, and five sports sponsor brands.
- The report elucidates the importance of a net zero strategy in the sports sector along with the progress made by the leading companies to achieve the emission target. These detailed analyses are critical in developing effective business plans to gain a competitive edge.
Key Highlights
- Companies in the sports sector need to work on their net-zero strategies.
- Most sports emissions fall under Scope 3 upstream and downstream activities in the sports value chain. This encompasses the emissions of suppliers producing and shipping merchandise and waste generated in operations.
- Fan and business travel are also large components of Scope 3 emissions.
- Scope 1 and 2 emissions, which are generated by business operations, make up a significant percentage of total emissions in the sports sector.
- To reduce emissions, the sports sector must invest in key energy transition technologies including renewable energy, sustainable travel, and sustainable procurement.
Reasons to Buy
- Understand the impact of GHG emissions by companies within the sports sector and strategies adopted to mitigate emissions.
- Evaluate various scopes of emissions emanating from the sports industry.
- Benchmark leading companies based on their emissions reduction pathway and net zero commitments.
Tottenham Hotspur
Liverpool
Borussia Dortmund
Atletico de Madrid
Scuderia Ferrari
Mercedes-AMG Petronas F1 Team
McLaren Racing
Aston Martin Aramco Cognizant F1 Team
Red Bull Racing
IOC
UEFA
FIFA
NBA
FIA
Emirates
Qatar Airways
Toyota
Ford
Nike
Table of Contents
Frequently asked questions
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What does net zero emission mean?
Net zero means cutting greenhouse gas emissions (GHG) to as close to zero as possible.
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What are the key strategies used by sports sector companies to reduce Scope 1 and 2 emissions?
Sports sector companies are reducing Scope 1 and 2 emissions through multiple key strategies that include the use of renewable energy and targeting sustainable energy sources, energy efficiency, and the electrification of operations.
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Which are the leading companies and organizations working on net zero emission in the sports sector?
A few leading companies and organizations working on net zero emission in the sports sector are Manchester City, Nike, McLaren, and The International Olympic Committee, among others.
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