Carbon Accounting

Carbon Accounting

Carbon accounting refers to the systematic methodology for measuring, tracking, and reporting greenhouse gas (GHG) emissions, expressed as carbon dioxide equivalents (CO₂e).
It provides a standardized approach to quantify the climate impact of a product, organization, or activity.

What does carbon accounting do?

Carbon accounting is used by governments, companies of all sizes, and individuals to calculate their GHG emissions. It helps transform emissions data into actionable insights for climate strategies and reporting.

Through carbon accounting, companies can:

• Calculate their carbon footprint across Scope 1, Scope 2, and Scope 3 emissions
• Identify decarbonization opportunities along their value chain
• Improve ESG performance and sustainability ratings
• Manage climate risks and reduce exposure to rising carbon prices and emissions-related costs
• Comply with evolving regulations such as CSRD, CBAM, and ISO 14064 standards

Why is carbon accounting important?

As pressure to reduce emissions and meet global decarbonization targets intensifies, carbon accounting has become a core element of corporate sustainability strategy.
It allows companies to:

• Determine their most effective decarbonization levers
• Set and track science-based targets
• Integrate carbon data into financial and ESG reporting

Accurate carbon accounting not only enables compliance but also helps businesses drive competitiveness, mitigate climate risks, and accelerate the transition to Net Zero.