What does carbon accounting involve?

Carbon accounting primarily involves tracking and managing carbon emissions, which is crucial for understanding an organization’s impact on climate change. This process entails measuring the total greenhouse gases emitted directly and indirectly by an organization. By quantifying these emissions, organizations can evaluate their carbon footprint, set reduction targets, and report on their progress towards meeting sustainability goals.

The practice of carbon accounting also aids in compliance with regulatory requirements and can enhance transparency in environmental reporting. Furthermore, it enables companies to identify areas where they can reduce emissions, improve energy efficiency, and possibly achieve cost savings, all while contributing to global efforts in combating climate change.