The European Commission proposed its plans to reach climate neutrality by 2050 with 90% net greenhouse gas emissions reduction by 2040. We at TIC Council are Fit for 90 and ready to support its implementation!
The following is a list of TIC services that will allow Europe to achieve the ambitious target of 90% emissions reduction by 2040 followed by net-zero carbon emissions in 2050.
Sustainable Finance
At the heart of the EU's green transition lies the intricate web of sustainable finance, where the TIC sector plays a crucial role. The alignment with the Taxonomy Regulation’s objectives is imperative for businesses, with TIC services providing the much-needed compass. Through management system verification, businesses are steered toward operational efficiency and environmental compliance, aligning with the EU's sustainability goals. Environmental system certification, particularly ISO 14001, acts as a testament to a company's commitment to environmental stewardship. Furthermore, the TIC sector's contribution extends into the realm of sustainability reporting. This not only ensures transparency and trust in green investments but also paves the way to responsible and sustainable economic growth. As financial markets increasingly integrate environmental, social and governance (ESG) considerations, TIC's role in validating and verifying these elements becomes indispensable.
Manufacturing and Energy
With the global shift toward renewable energy sources and sustainable manufacturing practices, TIC services are at the forefront: ensuring safety, efficiency and environmental compliance. One of the most significant areas of contribution is renewable energy, notably solar and wind power, where TIC's expertise in safety and quality controls is invaluable. Moreover, in the emerging field of hydrogen production, TIC plays a critical role in certifying new technologies and systems, ensuring they meet rigorous safety and environmental standards. TIC companies also ensure the energy efficiency of buildings, products and systems, via energy management audits, design review, inspections, technical controls and diagnostics.
Transport and Construction Sustainability
Beyond renewables, TIC's contribution to manufacturing extends to circularity in product design and production. By providing certification systems that validate a product's life cycle – from raw material sourcing to end-of-life recycling – TIC helps manufacturers to not only minimise waste but also embrace sustainability as a core business strategy. This approach is vital in reducing the environmental impact of manufacturing and in steering the industry toward a more sustainable and circular economy.
Innovation and Standardisation
Innovation is at the heart of the TIC sector's approach to environmental sustainability. By fostering and contributing to the development of new standards and technologies, the TIC sector plays a crucial role in reducing environmental impact across industries. This involves developing and applying lifecycle assessment methodologies, which allow companies to understand and minimise the environmental footprint of their products and services from beginning to end.
Standardisation, a key aspect of the TIC sector's work, ensures consistency and reliability in sustainable practices. By setting and enforcing industry standards, TIC helps maintain a level playing field where businesses compete, not just on price and quality, but also on their commitment to environmental sustainability. This drives innovation and ensures that sustainability becomes a core consideration in business operations.
Supply Chain Due Diligence
The TIC sector's expertise extends into the critical area of supply chain management. In today's interconnected global economy, a company's environmental impact is not limited to its direct operations but includes its entire supply chain. The TIC sector provides essential services in conducting thorough due diligence, assessing and managing environmental and human rights effects throughout the supply chain. This ensures that companies are both compliant with regulations and actively contributing to a more sustainable and ethical global trade system.
Verifying Sustainability Claims
In an era where sustainability claims can significantly impact a company's reputation and consumer trust, the role of the TIC sector in verifying these claims becomes paramount. From calculating and verifying carbon footprints to validating the content of recycled materials in products, TIC ensures that sustainability claims are not just marketing slogans but are backed by credible and transparent data. This helps consumers make informed choices and drives companies to adopt genuine and effective sustainability practices.
Carbon Removals
The TIC sector is also ready to deliver on the ambition of removing carbon from the atmosphere. TIC companies already design certification schemes for these activities, following the legislative procedure in the EU. We can offer our validation and certification services for various activities, such as Carbon Capture and Storage or Carbon Capture for Utilisation, to make sure that the process is beneficial to the environment and to avoid greenwashing and untrustworthy carbon offsets.
We are ready to keep engaging with stakeholders in all sectors of the economy to ensure that the climate targets are within reach. TIC companies are accredited to perform their duties with the highest level of knowledge, reliability and independence. We can make sure that the European and global economy are sustainable. TIC is Fit For 90!