Carbon footprint is a company's greenhouse gas (GHG) emissions are measured in tons. The larger the carbon footprint, the greater the negative impact on the climate. Companies release greenhouse gases such as carbon dioxide, methane, hydrofluorocarbons into the atmosphere during production, transportation or other commercial activities. A company's carbon footprint is responsible for both its direct and indirect greenhouse gas emissions.
Direct GHG emissions GHG emissions can be the result of company actions originating from company-owned facilities. For example, if a fossil fuel power plant burns coal to produce electricity or if a factory produces CO2 while producing goods as a byproduct, these count as direct greenhouse gas emissions.
Indirect greenhouse gas emissions Companies that use intermediate or final goods in their activities indirectly cause greenhouse gas emissions because the production and transportation of these goods releases a certain amount of greenhouse gasses. Supply emissions, electricity consumption for the company's operations, and waste disposal fall into this category. There are different factors to consider for carbon footprint calculation.
Define Business Operations
For
Calculation of carbon emissions, you must first identify any business activity that emits greenhouse gases into the atmosphere, for example, any business-related activity that consumes heating, transportation, electricity, or energy, waste management; net, etc. are all greenhouse gas emission sources. How well your organization is running each business operation; a measure to determine should be chosen. The transportation of products releases greenhouse gases due to the use of fuel.
Collect Data
Carbon footprint Gathering the necessary data for calculation can be difficult. &Cedil;∵ Previously, companies emit greenhouse gases through direct and indirect activities. Indirect activities may be responsible for the majority of greenhouse gas emissions in some sectors. Therefore, external data is probably needed to accurately calculate the firm's carbon footprint. can hear.
In this sense, getting consultancy services or using tools/platforms specialized in carbon footprint calculations can help as they have access to larger datasets. In addition, cloud-based enterprise resource planning (ERP) technologies can directly help determine emissions as they consolidate real-time financial and operational data on a single platform. The data that a company uses to explain its expenses such as heating in its audit reports can be used to calculate the company's carbon footprint.
Special to Operation Find Emission Factors
For
Carbon footprint calculation, per kilowatt-hour electricity used, per gallon of gasoline consumed, etc. you need to know how much greenhouse gas emissions are produced. To find this information, reputable data providers such as the EPA for transport, electricity and waste emissions, you can use the UK version of EPA's Defra, which provides similar data. You can use the Higg Index to learn about greenhouse gas emissions from materials. It may be easier to work with consulting firms or use cloud-based tools to determine operationally specific emission factors. Also, such alternatives can give you a better idea of your company's carbon footprint.
Calculate and Interpret
The final step is to calculate and interpret your company's carbon footprint. By doing this, you can find out which activities are the biggest problem in terms of greenhouse gas emissions. After identifying these areas, you can develop action plans and inform your customers and investors about the implementation and results of these plans.
To interpret your carbon footprint, it can be helpful to use cloud-based carbon footprint calculators as they show how your company is performing in certain business operations. In addition, the advanced analytical features of such tools ensure that your operations It can allow you to find the trouble spots.
