Corporate Carbon Footprint - Inventory & Reporting
A corporate carbon footprint refers to the total amount of greenhouse gas (GHG) emissions, typically expressed in carbon dioxide equivalent (CO2e), that is directly and indirectly associated with the activities of a company or organization. This includes emissions from the organization’s operations, supply chain, employee commuting, business travel, and other relevant sources. The purpose of measuring and managing a corporate carbon footprint is multifaceted and aligned with broader sustainability and environmental stewardship goals.
ISO 14064-1:2018 is a standard developed by the International Organization for Standardization (ISO) that pertains to the quantification and reporting of greenhouse gas (GHG) emissions and removals at the organizational level. Specifically, ISO 14064-1 focuses on identifying, monitoring and reporting greenhouse gas emissions.
Measuring a corporate carbon footprint serves a crucial role in today’s business landscape, aligning organizations with sustainability goals. This practice demonstrates environmental accountability by quantifying greenhouse gas emissions associated with operations. It allows for the identification of emission sources and the establishment of targeted reduction goals. It enhances operational efficiency and resilience by assessing and managing climate-related risks. It provides staying adaptable to evolving environmental standards. Beyond internal benefits, evaluating and improving the sustainability of the entire supply chain contributes to brand reputation and market competitiveness. Compliance with regulations, transparent reporting, and a commitment to global sustainability goals also boost an organization’s appeal to investors and stakeholders. In essence, corporate carbon footprint measurement is a strategic initiative that not only supports environmental stewardship but also aligns with market expectations for socially responsible and sustainable business practices in a rapidly evolving global landscape.
Determine which activities are included in the calculation. This should usually include many factors such as operational activities, supply chain, energy consumption, transportation and waste management.
2 Determine the Reporting Period
Define the reporting period for the carbon footprint assessment. It is typically annual, but it can be adjusted based on organizational needs.
3. Gather Activity Data
Collect data on activities related to energy consumption, transportation, production processes, and any other relevant activities that contribute to GHG emissions. Use accurate and representative data for each emission source.
4. Select Emission Factors
Choose appropriate emission factors to convert activity data into CO2e emissions. Emission factors represent the amount of greenhouse gas emitted per unit of activity (e.g., kilograms of CO2 per kilowatt-hour of electricity).
5 Calculate GHG Emissions
Apply the selected emission factors to the activity data to calculate GHG emissions for each source. Sum the emissions from all sources to obtain the total corporate carbon footprint.
6. Document and Report
Document the entire process, including data sources, methodologies, and assumptions made during the calculation. Report the results in a transparent and comprehensible manner, as required by ISO 14064-1.
7. Setting Goals and Developing Strategies
Future goals and plans for reducing emissions are created using the estimated carbon footprint data. This could involve supply chain enhancements, the usage of renewable energy sources, energy efficiency measures, and other environmental sustainability activities.
8. Verification (Optional):
While not mandatory, organizations may choose to undergo external verification to enhance the credibility of their carbon footprint data. Verification involves an independent assessment of the data, methodologies, and calculations used in the carbon footprint assessment.
1. Initial Consultation:
Engage in a comprehensive discussion with the you to understand your organizational structure, operational boundaries, and specific reporting needs.
2. Scoping and Boundaries
3. Identification of GHG Sources and Sinks
4. Selection of Emission Factors
5. GHG Emission Calculation
6. Net GHG Balance (if applicable)
7. Documentation and Reporting:
Document the entire reporting process, including methodologies, data sources, and assumptions made during calculations.
Generate a comprehensive report that outlines the results, highlights emission sources, and provides insights for improvement.
8. Actionable Insights and Recommendations
9. Periodic Reporting and Continuous Improvement:
Establish a framework for periodic reporting to track changes in emissions over time.
Encourage a culture of continuous improvement, supporting the client in setting and achieving reduction targets.
10. Regulatory Compliance Check:
Ensure that the reporting aligns with relevant environmental regulations and standards.
11. Stakeholder Engagement:
Support the client in communicating their carbon footprint results to stakeholders, enhancing transparency and accountability.
12. Customized Services:
Tailor our services to meet the specific needs and industry context of each client.
13. Post-Reporting Support:
Provide ongoing support to address questions, updates, and changes in reporting requirements.
Our service covers each step of the ISO 14064-1 reporting process, we assist you in meeting your environmental goals, enhancing your sustainability practices, and contributing to a more transparent and eco-friendly business approach.
Contact us for Corporate Carbon – Inventory & Reporting Services Today!