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Carbon Accounting

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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.

The module consists of three parts:

First part

Choose whether Carbon Accounting should be used in connection with a given expense. If so, the registration method must be defined. It is possible to choose between:
  • Route
  • Kilometres/Miles

Second part

Select the type of transportation. During setup, there’s an option to determine which transportation types should be available to end-users. Options include:
  • 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

The data collected in connection with the use of Carbon Accounting can be compiled into a CO2 report, which can be created under Corporate Policies

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.

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.

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