Climate Accounting

Calculating and managing Scope 1, 2, and 3 emissions is a critical component of any organization’s sustainability efforts. Scope 1 emissions are direct emissions from owned or controlled sources (e.g., on-site fuel combustion), while Scope 2 emissions are indirect emissions from purchased electricity, heating, or cooling. Scope 3 emissions encompass indirect emissions from the entire value chain, including suppliers and customers. Accurate measurement and analysis of these emissions are vital for organizations to understand their environmental impact comprehensively.

By conducting these calculations, organizations can identify opportunities for emission reduction, set emissions reduction targets, and make informed decisions to minimize their carbon footprint. Such data-driven strategies not only mitigate climate change risks but also highlight opportunities for sustainable growth and responsible resource management. Scope 1, 2, and 3 calculations are a foundational step towards achieving sustainability objectives, fostering environmental responsibility, and aligning with global sustainability goals.