Understanding an organisation’s carbon emissions (carbon footprint) is for many a daunting and complex process. It requires skill, expertise and time which all come at significant cost to interpret your business data and ensure that the correct emissions factors are applied to calculate your footprint. The Carbon Report deconstructs this complexity, incorporating best practice and recognised corporate standards into a cost effective solution to deliver a carbon footprint audit report.
The Carbon Report is a proprietary web based offering designed to enable participation by all businesses, large and small, in measuring their carbon emissions and producing a carbon footprint. The solution is designed to take a business through a defined process of ring fencing the boundaries of the audit, identifying its emissions producing activities, data gathering and finally the production of a report based on the Greenhouse Gas (GHG) Protocol Corporate Standard.
The GHG Protocol Initiative is a multi-stakeholder partnership of businesses, non-governmental organisations (NGOs), governments, and others convened by the World Resources Institute (WRI), and the World Business Council for Sustainable Development (WBCSD). Launched in 1998, the initiative’s mission is to develop internationally accepted greenhouse gas (GHG) accounting and reporting standards for business and to promote their broad adoption worldwide.
The GHG Protocol is widely regarded as the standard for corporate GHG accounting and company reporting. From a carbon perspective, the protocol is analogous to the generally accepted financial accounting principles (GAAP) for a organisation’s normal accounting and reporting practices.
All emissions calculated are accounted for in terms of carbon dioxide equivalent gases (CO2e) as required by the GHG Protocol. Due to the varying ability of greenhouse gases to trap heat in the atmosphere, some are more harmful to the climate than others. Each greenhouse gas has a “global warming potential,” which refers to its heat trapping potential relative to that of CO2. Greenhouse gas emissions are therefore typically reported as CO2 equivalents (CO2e) for consistency, allowing like for like comparisons.
The end product is a carbon footprint report which can be used for communications with shareholders, customers, corporate communications and employees. More importantly it is used as a baseline report to measure emissions savings (by default costs) in future years.