Carbon Accounting

Carbon accounting is the term used for systematic methodologies to calculate carbon dioxide equivalents (CO2e) for a product or an entire activity. It is used by governments, companies of any size, and individuals to calculate their greenhouse gas (GHG) emissions.  

Carbon accounting enables companies to:

• Calculate their carbon footprint (scope 1, 2 and 3).
• Find decarbonization opportunities.
• Improve ESG performance.
• Protect their company from climate change-related risks and the rising cost of carbon.
• Adapt to regulations, reporting obligations, and rules that are changing quickly‍

The importance of carbon accounting to a business's success is growing as the demand to reduce emissions and meet urgent decarbonization targets increases. In fact, it enables the most effective decarbonization levers to be determined.