What is carbon accounting?
Infographic
Regulatory authorities across the globe are accelerating mandates to monitor and restrict carbon and greenhouse gas (GHG) emissions from several industries, in an effort to mitigate the environmental impacts of climate change.
As a result, businesses must adapt their existing processes to maintain compliance, as carbon accounting and sustainability reporting requirements shift from voluntary to mandatory.
In this infographic, learn more about what carbon accounting is, and what’s motivating the shift to stricter regulations in this space.
Carbon accounting is the quantification of greenhouse gas (GHG) emissions, typically expressed as carbon dioxide equivalent (CO2eq).
Carbon accounting is complemented by carbon reporting to…
Quantify and measure GHG emissions
GHG emissions are usually quantified in terms of carbon dioxide equivalent (CO2eq), representing the number of metric tons of carbon dioxide (CO2) emissions with the same global warming potential (GWP) as 1 metric ton of another GHG.
Calculate methodologies and standards
CO2eq is used to compare emissions from various greenhouse gases based on their GWP. While monitoring and reporting on GHG emissions used to be solely voluntary, mandatory laws are now coming into place to hold businesses accountable.
Monitor GHG emissions
Accounting for your company’s GHG emissions is the first step to developing a trackable framework and consistent methodology to monitor and manage your company’s carbon accounting.
Collect data and keep records
More jurisdictions are adopting and implementing regulations to mandate the quantification and reporting of GHG emissions, in addition to sustainability disclosures in monthly, quarterly, or annual reports.
Carbon accounting regulations are applicable to various sectors
Industrial sectors dealing with chemicals, manufacturing, and machinery
Commercial sectors involved in the creation, selling, and distribution of goods and services
Public entities such as educational institutions and government agencies
Learn more about carbon accounting and what it means for your business
Find out how you can get ready for mandatory regulatory carbon accounting compliance in our eBook, Getting ahead of carbon accounting.
Download your free copy today to learn more about carbon accounting, its regulation around the world, and how it’s impacting businesses globally.
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