Barometer
Transition Barometer 2024
The most important survey that provides strategic data on corporate climate action in Quebec.
The main objective of the study is to measure the current level of engagement of companies in Quebec towards climate action and the transition to a low-carbon economy. The study aims to assess the progress of companies – including SMEs – in the transition to a low-carbon and net-positive economy.
Consult the reportOur partners for this barometer
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Rebroadcast: Dive into the heart of trends and levers of the transition.
2024 Barometer
results unveiled
Experience a key moment to understand the state of climate transition for businesses in Quebec.
During this exclusive editorial panel, leading economic leaders discussed the issues, opportunities, and strategic levers related to the acceleration of the transition to a low-carbon economy.
With the participation of:
- Grégoire Baillargeon, President, BMO Financial Group, Quebec
- Mia Homsy, Vice President, Strategies, Workforce, and Sustainable Development, Investissement Québec
- Stéphane Morency: Executive Vice President and Leader, Strategy, Customer Experience, and Marketing, Beneva
Animation :
- Anne-Josée Laquerre, QNP
Main highlights from the study
Consult the press releaseA stable yet evolving transition index
The 2024 Transition Index reaches 33 (vs. 32.4 in 2023). Although relatively stable, the study reveals that the most advanced companies continue to progress, while the proportion of Unconcerned companies is decreasing.
Expertise as a key lever
The presence of environmental expertise, whether internal or external, is the most important determining factor in explaining the implementation of climate action. Companies that report having such expertise have an average Index of 59.3, compared with 24.8 for those that do not.
Measurement of GHG emissions
Although the proportion of companies measuring their GHG emissions remains stable at 20% (vs 21%), a significant increase is observed in the measurement of indirect emissions (scope 3): 54% of companies measuring their emissions include scope 3, compared to 39% in 2023.
Triggers of climate actions
Among the companies that have implemented at least one climate action: 40% identify cost reduction as the main driver. 36% mention climate concerns of employees and managers.
Our recommendations 2024
1.
Identify the main sources of emissions in your sector and your company.
Take inspiration from tried and tested examples at local, national and international levels: consult the sustainability reports of major contractors; explore sectoral and regional initiatives, and seek expert advice to identify significant sources of greenhouse gas (GHG) emissions, as well as the most cost-effective and relevant actions to reduce them.
2.
Prioritize reduction actions related to the main sources of greenhouse gas emissions.
Measure and improve energy productivity: Increase the economic returns of each unit of energy consumed, analyze energy needs, and optimize equipment as well as industrial processes.
Promote circularity and sustainability: Integrate circular practices at all stages of the life cycle. Opt for recycled materials, adopt eco-design approaches, and participate in equipment sharing initiatives. Engage in industrial symbiosis to exchange resources and optimize the use of raw materials. Design or market durable, repairable products that meet essential needs while ensuring a long lifespan. Reduce single-use products, optimize waste management, and limit and eliminate landfilling.
Optimize transport: reduce distances traveled, group needs, pool transport, electrify your fleets and train your teams in eco-driving.
3.
Measure your GHG emissions
Leverage internal and external experts, including your stakeholders (clients, suppliers, competitors, industry associations). Ideally, appoint a dedicated leader for sustainability.
Make sure to rely on reliable, complete, and comparable GHG data to guide your strategic decisions and prioritize your climate actions.
Avoid greenwashing by ensuring that environmental statements are fair and provided transparently.
4.
Evolve the organizational culture
Integrate climate issues and the transition to a low-carbon economy into employee training and monitoring mechanisms.
Involve management to integrate climate risks and business opportunities from the transition into strategic, operational decisions and the evolution of the business model.
Strengthen climate governance at all levels: policies, procurement, and board of directors, where applicable.
Raise awareness and mobilize managers and employees so that their daily decisions contribute to placing the company on a plausible transition pathway.
5.
For committed and visionary companies
Avoid ecosilence (greenhushing)! Share your transition story to inspire other entrepreneurs, establish a constructive dialogue, and accelerate the transition in your value chain, your industry, and your region.
Support your suppliers and customers to maximize the collective impact on GHG reduction and respond to the rapidly changing regulatory and customer environment.
Collaborate with other businesses and stakeholders, including your competitors, to strengthen a transition ecosystem in a spirit of ‘co-opetition’ (cooperation among competitors).
Become partners of a Barometer
Be part of those who are driving the transition forward in a concrete way.
Join us to amplify impact, guide transformation and build a low-carbon, sustainable and prosperous future.
Some 20 influential partners and collaborators have joined QNP to produce the Quebec Business Transition Barometers™ since 2022.
Together, we are informing strategic decisions, mobilizing the business ecosystem and revealing essential data to accelerate climate action by SMEs across Quebec.
I want to support the creation of a Barometer.Some 20 influential partners and collaborators have joined QNP to produce the Quebec Business Transition Barometers™ since 2022.
Together, we are informing strategic decisions, mobilizing the business ecosystem and revealing essential data to accelerate climate action by SMEs across Quebec.
Measure to better target and act together
Sectoral and regional barometers: strategic profiles tailored to your reality.
QNP develops sectoral and regional barometers to inform decisions, support the mobilization of key players and fuel concrete action plans tailored to the challenges of each sector or territory.
Each barometer includes reliable comparisons with all Quebec businesses, enabling interventions to be better targeted and real progress in the climate transition to be tracked.
Want to accelerate the climate transition in your sector or region?
I want to explore creating a barometer.Each barometer includes reliable comparisons with all Quebec businesses, enabling interventions to be better targeted and real progress in the climate transition to be tracked.
Want to accelerate the climate transition in your sector or region?