Take climate action with end-to-end carbon management

Carbon accounting is the measurement and quantification of carbon or other greenhouse gas (GHG) emissions produced directly and indirectly from the activities of an organization. The results of GHG quantification are often shown as “carbon dioxide equivalent” (CO2e). The most used standard for calculating carbon equivalents is the Greenhouse Gas Protocol, which classifies emissions into three scopes:

1. Scope 1 (or direct emissions) are from sources owned or controlled by the organization, for example, emissions from combustion in owned or controlled boilers, furnaces, vehicles, etc.; physical or chemical processing; company owned transportation; or fugitive emissions.
2. Scope 2 (or indirect emissions) are emissions from purchased electricity, steam, heating/cooling through either the market-based or location-based method.
3. Scope 3 refers to all other indirect emissions that are a consequence of the activities of the company but occur from sources not owned or controlled by the company, such as the extraction and production of purchased goods or end of life emissions from sold goods. Most business emissions are scope 3.

Carbon accounting is important because it quantifies the climate impact of business activities, which is critical to decarbonizing your business and responding to increasing consumer and regulatory pressures.