Carbon accounting software
Carbon emission reporting: objective
Carbon emission reporting is the systematic process of measuring, documenting, and disclosing an organization's greenhouse gas (GHG) emissions. It's also known under the names carbon accounting- and greenhouse gas reporting.
What needs to be reported
The Greenhouse Gas (GHG) protocal categorizes emissions into three scopes: Scope 1, 2, and 3.
Scope 1: Direct emissions
Scope 1 encompasses direct emissions from sources that are owned or controlled by the organization, such as fuel combustion in company-owned vehicles or facilities.
- Emissions from sources owned or controlled by the organization
- Examples: On-site fuel combustion, company vehicle emissions
Scope 2: Electricity indirect emissions
Scope 2 covers indirect emissions associated with the generation of purchased electricity, steam, heating, or cooling consumed by the organization.
- Emissions from the generation of purchased electricity, steam, heating, and cooling
- Calculated using location-based or market-based methods
Scope 3: Other indirect emissions
Scope 3 extends beyond the boundaries of the organization to include all other indirect emissions resulting from activities across its value chain, such as those from suppliers, transport and production.
- All other indirect emissions in a company's value chain
- Categories include purchased goods and services, business travel, commuting, waste disposal, etc.
Carbon emission reporting regulations
To ensure comparability, credibility, and consistency in carbon reporting, organizations increasingly align their disclosures with globally recognized frameworks and standards. These frameworks establish a common language for carbon reporting across industries and regions.
Widely used reporting standards and frameworks
GHG Protocol (Greenhouse Gas protocol):
A globally recognized standard for measuring and managing greenhouse gas emissions.
- Scope: Covers scope 1, scope 2 and scope 3.
CDP (Carbon Disclosure Project):
An international nonprofit organization that provides an environmental impact disclosure system.
- Scope: Collects data on climate change, deforestation, water security, and plastic use.
TCFD (Task Force on Climate-related Financial Disclosures):
A global organization that developed recommendations for climate-related financial disclosures.
- Scope: Focuses on governance, strategy, risk management, and targets related to climate risks.
SBTi (Science Based Targets initiative):
An initiative that provides guidance for science-based emission reduction targets.
- Scope: Covers greenhouse gas emissions reduction targets for companies.
Carbon accounting software
By leveraging a carbon emission platform, businesses not only meet their carbon reporting obligations more effectively but also gain valuable insights to drive meaningful sustainability improvements and competitive advantage.
Carbon accounting software offers:
- Automated data collection: Integration with existing systems to streamline data gathering.
- Compliance management: Features to ensure adherence to relevant reporting standards.
- Analytics, monitoring and scenario planning: Capabilities to model different reduction strategies.
Measure, reduce and report your carbon footprint with Carbon Master
An example is the Master Sustainability ESG platform in which seamless and end-to-end management of carbon emissions is possible. The Carbon Master module includes ESG goal management, one-click emission reporting, integrations and custom API's, KPI management and much more.
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Take a look at a carbon emission reporting platform
This guide not only provides insights into Carbon Emission and its relationship with ESG, but also presents an integrated software solution designed to outperform industry standards.
Our tool simplifies the process of carbon emissions reporting, making it easier to comply with standards and adapt to evolving regulatory landscapes.
