Subject: Climate Accounting

Climate accounting provides an overview of greenhouse gas emissions from a business or project, indicating the amount of greenhouse gases emitted over a specified period.

The Greenhouse Gas Protocol, also known as the GHG Protocol, is recognized as the most widely used and accepted standard for preparing climate accounts.

The activities that contributes to CO2 emissions is often divided into Scope 1 and 2. Usually only Scope 1.

Businesses can use Climate Accounting to reduce carbon emissions and comply with requirements.

There are nine different greenhouse gases defined by the Kyoto Protocol.

To calculate direct and indirect emissions, a conversion factor is multiplied with a specific activity to find the amount of CO2 emission.

Scope 3 activities involves business travel and supply chain emissions, and is often the biggest scope out of Scope 1, 2 and 3.

You need a technical software to create a Climate Accounting system.

Climate accounting provides the organization with a solid foundation to set concrete goals for emissions reduction.

Climate Accounting is not related to the new sustainability directives, so it is a waste off time.