Paris 2024:  What can business leaders take away from the most sustainable Olympic Games ever? 

Image credit: https://www.techfinitive.com/paris-2024-the-greenest-games-ever/

The Paris 2024 Olympics have just wrapped up, setting ambitious goals to be the greenest Games in the recent history. This event serves as a compelling case study of both, the initiatives that were effective and initiatives that could have been better, offering valuable lessons on achieving environmental responsibility on a global scale. 

Discover six key insights from greenest Olympics and how to apply them to green your business:

    1. Proactive Planning and Material Footprint Management:  Unlike previous Games where emissions were calculated post-event, Paris 2024 set a carbon budget well in advance, allocating emissions across three main categories: travel, construction, and operations. Resources and materials were meticulously planned for each venue to minimize waste, with a focus on their lifecycle from use during the Games to post-event disposal. This proactive approach ensured a more controlled and efficient use of resources.1 

        • Plan the emissions profile and carbon budgets for major initiatives and projects in advance. The planning exercise will help a lot in incorporating emission reduction measures. 

          2. Circular Economy at the Core: Paris 2024 integrated circular economy principles, using minimal new materials and ensuring long-term utility post-Games. Approximately 95% of competition venues were pre-existing or temporary. The new Aquatics Centre, for instance, was designed with a low-carbon footprint and features solar panels on its roof. It is intended for long-term use by the Seine-Saint-Denis community. Out of an estimated two million pieces of sports equipment, around three-quarters were rented or sourced from sports federations, with a similar percentage for electronic equipment such as computers and screens.2 

          • Plan to minimize resource use and maximize second and third-life uses of resources and materials in new projects, constructions, and initiatives.  
          • Rent office equipment, use refurbished furniture if possible, and consider renting out empty office spaces or floors.  

            3. Regenerative Urban Development: The Games catalyzed urban regeneration, particularly in the Seine-Saint-Denis area. Post-Games, the Olympic Village will be transformed into a new residential and business district, providing housing and workspaces for approximately 6,000 people.4 Significant investments were also made to clean up the River Seine, enhancing the city’s climate resilience and aiming to make the river safe for public enjoyment by 2025.5 

            • Collaborate with city planners and local governments to help shape the use of mixed-use areas to foster community revitalization to support long term economic and environmental goals.  

              4. Sustainable Catering and Waste Reduction: Paris 2024 committed to serving 13 million meals with half the carbon emissions of a typical French meal by doubling plant-based ingredients and sourcing 80% of food locally, with a quarter of it sourced within 250 km of the venue.4 Additionally, the Games were the first global event to implement reusable packaging for food and beverages, supported by a deposit return system. Spectators were encouraged to bring their own refillable containers, significantly reducing the use of single-use plastics.5  

              • Consider implementing “Meatless Mondays” or other designated days for a meatless menu to reduce the carbon footprint of office meals.  
              • Additionally, locally source food for office parties and cafeterias to minimize transportation emissions. 
              • Advocate use of reusable containers for food and beverages instead of disposable plastic options.  
              • Partner with suppliers that provide low-carbon, biodegradable cutlery, and plates to further reduce waste. 

                5. Sustainable Transport Solutions: With 80% of Olympic venues within 10km of the Olympic Village, travel emissions were minimized. Toyota provided over 2,600 electrified vehicles, including electric, hybrid, and hydrogen-powered models, reducing the overall carbon footprint by 50% compared to previous Games.6 Notably, 500 hydrogen-powered Toyota Mirai cars will be integrated into Paris’s taxi fleet post-Games,7 furthering the circular economy initiatives discussed earlier. 

                • Minimize corporate travel by leveraging virtual meetings whenever possible.  
                • Invest in low-emission vehicle fleets, such as electric or hybrid vehicles.  
                • Encourage sustainable travel options for employees, including public transport, cycling, and remote work.  

                  6. Commitment to Renewable Energy: Paris 2024 ran on 100% renewable energy, supported by France’s low-carbon power grid and enhanced with additional solar PV arrays. UK-based EDF provided green power certificates, with a blockchain system, Trackelec, ensuring diligent tracking and continuous supply. Notably, the Olympic torch was fueled by bio-propane, a renewable fuel derived from plant and vegetable waste, helping to shave off some emissions despite the higher cost.8 

                  • Explore virtual power purchase agreements (VPPAs) to secure renewable energy for your operations.  
                  • Invest in renewable energy infrastructure to power your facilities.  
                  • Regularly audit your energy use to identify opportunities for efficiency improvements.  

                  Stay tuned for the second edition of our blog, where we’ll dive into what could have been better at Paris 2024 and the lessons business leaders can learn from those challenges. Implementing best sustainability practices can be tough, reach out to us to learn how we can help you integrate these best practices into your business.  

                  Book a no-commitment discovery call today!  

                  References: 

                  1. https://www.france24.com/en/france/20230725-greenest-in-history-how-paris-aims-to-halve-the-olympics-carbon-footprint 
                  1. https://olympics.com/ioc/news/less-better-and-for-longer-five-ways-paris-2024-is-delivering-more-sustainable-games 
                  1. https://olympics.com/ioc/news/less-better-and-for-longer-five-ways-paris-2024-is-delivering-more-sustainable-games 
                  1. https://olympics.com/ioc/news/less-better-and-for-longer-five-ways-paris-2024-is-delivering-more-sustainable-games 
                  1. https://www.triplepundit.com/story/2024/paris-olympics-reusable-packaging/807901 
                  1. https://mobilityportal.eu/paris-2024-sustainable-olympic-games-emobility/ 
                  1. https://mobilityportal.eu/paris-2024-sustainable-olympic-games-emobility/ 
                  1. https://carboncredits.com/paris-olympics-can-offsets-truly-halve-their-carbon-footprint/ 

                  Leave a Comment

                  Your email address will not be published. Required fields are marked *

                  Scroll to Top

                  Jeff Garcia-Seminario

                  AssociateSenior Associate, Social Impact
                  Jeff brings global experience in leading corporate social responsibility (CSR) and community engagement projects in the extractive sector.   Jeff excels in stakeholder mapping, community engagement, and conflict resolution.   Applying his private and public sector experiences, Jeff can bridge cultural and historical divides between extractive industries and their communities.  His areas of focus include food security, sustainable procurement, and good governance. Most recently, Jeff contributed to the development of an ESG strategy for a multi-national company.  
                  Jeff’s native language is Spanish. He enjoys morning runs in the neighboring parks. 

                  Kaitlyn D'Lima

                  Associate

                  Kaitlyn D’Lima holds both a Bachelor of Business Administration and a Master of Science and Sustainability Management degree from the University of Toronto.   She is also trained in greenhouse gas (GHG) accounting.

                  She brings extensive experience in sustainability and business transformational projects. She is known for her ability to execute projects of any size with both urgency and accuracy.   Kaitlyn has a natural talent for improving stakeholder engagement. She’s a real trailblazer when it comes to benchmarking and research.

                  Kaitlyn is a runner who participates in outdoor adventure races.

                  Arun Balu Pazhayannur

                  Advisor

                  Arun B Pazhayannur holds a degree in mechanical engineering and is a Chartered Accountant. He also has an MBA from the Ivey Business School at the University of Western Ontario. Along with his academic achievements, he has a thorough knowledge of Environmental, Social and Governance (ESG) principles, which he incorporates into his consulting work. 

                  Arun is well-known for his leadership abilities as well as his strong skills in data analysis, financial modeling, and operations management. He has been recognized for his ability to identify practical solutions and deliver value to clients ranging from banks to payment companies to software providers. Arun is also a past President of Toastmasters Club. 

                  In his free time, Arun enjoys scuba diving.In his spare time, Arun likes to scuba dive. 

                  Gregory Donovan

                  Senior Advisor

                  Gregory  Donovan is a Chartered Accountant. He is a Fundamentals of Sustainable Accounting (FSA) Credential Holder.  He obtained an Honours in Business Adminstrations (HBA) from the Ivey Business School (Western University) and a Master or Laws (LLM) from the London School of Economics. Gregory is the CEO of Avondale Private Capital, a sustainable finance firm focused on energy transition finance and carbon markets.  He has presented on these topics at conferences in Canada, the US and UK.  

                  Greg participates in the occasional triathlon and loves to go skiing and sailing with his two young children.

                  Margaux Loptson

                  Associate & US Operations Lead

                  Margaux Loptson holds a Bachelor of Arts (Psychology) and a Bachelor of Arts (Criminology) from Pennsylvania State University. In addition, she holds several research certifications, including Ethical Conduct for Research Involving Humans

                  She has been an essential player in AI-powered teaching and learning projects as a User Experience (UX) lead.  Margaux is known for applying her design thinking, problem-solving and analytical skills to make a positive impact. She is a native French speaker

                  Margaux is a fitness enthusiast who can be found hiking around Central Park in NYC.

                  Ritika Jain

                  Associate / Responsible Supply Chain Lead

                  Ritika Jain holds a Masters in Environmental Sciences, Policy and Management from Lund University (Sweden)  and a Bachelor of Technology from Indraprastha University (India). As a lifelong learner, she is pursuing a Graduate Diploma in Corporate Social Responsibility and Sustainability at the University of Toronto.

                  Ritika is a recycling and responsible supply chain specialist.  Through her work, she collaborates with organizations to implement circular economy focused policies to ensure compliance with regulations.  

                  Her proficiency in data analytics and with the Global Reporting Initiative (GRI) enable her to manage complex sustainability data. Ritika also volunteers with the UN Sustainable Development Solutions Network, engaging with youth to drive positive change.  

                  Ritika is a native Hindi speaker.  She is a certified hiking leader who enjoys travelling.

                  Jonathan Spence

                  Associate & Western Canada Operations Lead

                  Jonathan Spence holds an Honours Bachelor of Integrated Sciences (Earth and Environmental Sciences) from McMaster University and has his certification in Geographic Information Sciences from the ESRI Canada Center of Excellence at McMaster University. Jonathan worked as a research analyst in the environment and sustainability group for a TSX listed company.  

                  He is pursuing his Ph.D. in Earth and Atmospheric Sciences at the University of Alberta, where he is researching the development of carbon capture techniques and their applications to the mining industry.  Jonathan is focused on helping companies to minimize their carbon footprint while supporting their economic growth.   

                  Jonathan is an avid water polo player and coach. He plays for the local National Championship League team. 

                  Gurnoor Gandhi

                  VP Business Development & Strategic Partnerships

                  Gurnoor Gandhi holds an MBA from Ivey Business School (Western University) and a postgraduate diploma in Maritime Energy Management (Sweden). Gurnoor brings experience with sustainability frameworks including TCFD, GRI, and CDP and is pursuing FSA credential (SASB). 

                  Gurnoor has global leadership experience in the shipping industry managing assets worth millions of dollars on the high seas and has led diverse teams worked in Monaco, Singapore, and India. Most recently, he led organizational development and client partnerships at CARD, a non-profit focused on rural development and renewable energy.

                  Gurnoor brings a blend of technical and leadership skills. He applied his knowledge of greenhouse gas accounting and carbon capture to support clients with niche energy transition projects. He is known for putting his problem-solving, stakeholder management, and project management skills to work to help firms expedite their ESG Journey. 

                  Gurnoor is a certified BMW adventure motorcyclist who finds off-road rides rejuvenating for body and spirit.  He enjoys hiking with his family.

                  Lisa-Annabel Ellis

                  Founder & CEO

                  Lisa Annabel Ellis holds an Honours Bachelor of Science (Environmental Science) from the University of Toronto and an MBA from the Ivey Business School (Western University). She is a certified Project Manager Professional (PMP) with a Six Sigma Green Belt. Lisa is a Fundamentals of Sustainable Accounting (FSA) Level II Candidate. Applying her deep expertise in business and operational strategies, she has led award-winning transformational initiatives.

                  Drawing on her well-rounded science and finance expertise, she launched YellowYellow to help clients advance their sustainability practices. As an advocate of transparency and good governance, she partners with clients to understand their risks and opportunities to generate superior long-term value. Stakeholders across the value chain recognize the impact of this effort. She has been called upon to be a keynote speaker and lecturer.

                  Lisa is an advanced scuba diver who enjoys most water-related sports.