What is a climate account - better known as a Carbon Accounting?
A climate account, commonly known as a Carbon Account, is a systematic record of a company or organisation’s overall climate impact, primarily focusing on greenhouse gas emissions like CO2. It helps identify and evaluate emissions, serving as a tool to reduce environmental impact.
Create a Carbon Account with precise and accurate data with Acubiz
Creating a Carbon Account requires precise and accurate data for an accurate depiction of an organisation’s climate impact. It’s an ongoing process typically revisited annually to monitor progress and identify areas for further improvement.
What are the requirements for a Carbon Account?
Requirements for a Carbon Account vary among countries, industries, and companies. Often, Carbon Account requirements aren’t uniform, but there’s a growing trend of regulations mandating companies and organisations to report their Carbon emissions. These mandates might originate from governmental bodies, international agreements, or be part of a company’s sustainability strategies. Many companies view Carbon Accounting as essential for their corporate social responsibility (CSR) or ESG reporting (Environment, Social, and Governance), demonstrating environmental commitment to stakeholders, including investors, customers, and the community.
What does creating a Carbon Account involve?
Data Collection: Gathering information on activities like energy consumption, transportation, production, waste management, etc.
Identifying Emission Sources: Pinpointing specific sources of CO2 emissions from collected data such as energy usage, vehicle emissions, production processes, and other operational activities.
Using Emission Factors: Employing relevant emission factors to convert measured activities (e.g., kilometres driven by a car) into CO2 equivalents, which vary based on activity and geographic location.
Calculating CO2 Emissions: Multiplying registered activities with associated emission factors to compute the total CO2 emissions for each activity and for the entire organisation.
Reporting: Compiling all calculations and data into a comprehensive report presenting total CO2 emissions and identifying main emission sources.
Analysis and Action: Analysing the results to identify areas for changes or improvements to reduce CO2 emissions. This might involve altering operational methods, investing in more energy-efficient technologies, or changing transportation policies.
How can Acubiz assist in measuring the CO2 footprint created by your employees?
CO2 Accounting is a separate module within Acubiz. When the module is activated, the setup for CO2 accounting will be accessible under company policies. This applies to all types of expenses.
First part
- Route
- Kilometres/Miles
Second part
- Flight
- Helicopter
- Public transport (bus)
- Public transport (train)
- Taxi (petrol/diesel)
- Taxi (electric)
- Car (petrol/diesel)
- Car (electric)
- Car (hybrid)
- Motorcycle (petrol/diesel)
- Motorcycle (electric)
Third part
Do you want to know more?
At Acubiz, we can help you with the digitization of your company’s expense management and integration with your company card and financial system. Learn more about what software integrations are here, or read more about the integrations options with Acubiz.
Contact us if you want to know how we can help your business or book a free online demo to learn more.
FAQ
What is a Carbon Account?
A Carbon Account is a method used to measure and record the amount of carbon dioxide (CO2) and other greenhouse gases emitted as a result of a company’s or an individual’s activities.
Are there requirements for a Carbon Account?
The requirements for a Carbon Account often vary between countries and industries, but there’s a growing trend towards introducing legislation and regulations that compel companies and organizations to report their CO2 emissions. These requirements may stem from governmental authorities, international agreements, or even be part of companies’ own sustainability strategies.