Enviro-Mark certified organisations have developed an environmental management system to reduce environmental impacts caused by their operations, while Energy-Mark-certified members have developed an energy management system to reduce energy use and improve performance.
While many of its 100-plus UK clients have reduced emissions by between 10 and 40 per cent in absolute terms, Smith is especially impressed by New Zealand clients who have similar levels of emission reductions, cost savings and innovation.
"UK companies face pressure to reduce emissions driven by compliance, investors and supply chains. In New Zealand, with few policy drivers, emissions reduction through voluntary action is driven by company sustainability culture -- because it is the right thing to do," says Smith.
"If you look at the international Carbon Disclosure Project, which focuses on climate risk for investors, New Zealand is one of the poorest participants. Many boards aren't up to speed sufficiently on climate risks to drive the agenda. Considering all of that, the NZ companies we work with are amazing."
Smith says New Zealand clients essentially impose an internal carbon tax on themselves when they are carboNZero certified, and use this to build a business case for projects that reduce emissions.
"We'd like to see this voluntary action recognised by the Government. At the end of the day, whether you contribute through compliance or voluntary action, you are still helping to lower national emissions."