Finance-grade Carbon Accounting Software
Enable data-led climate action across your operation and supply chain. We define carbon accounting as the process of measuring a company’s direct and indirect greenhouse gas emissions and removals, calculated as carbon dioxide equivalents (CO2e). But it’s more than a carbon footprinting exercise; it’s the process of continuously scrutinising your emissions and embedding carbon into your company’s decisions.
It’s fast becoming a requirement
Investors need, regulations dictate, and stakeholders enquire about a company’s carbon footprint. The world in 2021 is climate-conscious, and understanding your company’s environmental responsibility is just part of doing business today.
It’s the great equaliser
When aligned with global frameworks, carbon accounting provides consistency, comparability, and transparency—making it easier to benchmark companies and industries against global climate goals and put a financial price on carbon.
It’s great for business
Carbon accounting enables climate action, equating to a host of business benefits, from financial cost efficiencies, increased brand value to attracting and retaining the best talent.
Maximising the benefits of carbon accounting as a tool for climate action demands repeatability. That’s why Emitwise breaks the process into three steps.
- Measure : Your corporate carbon footprint baseline
- Report : To globally recognised standards, frameworks and regulations
- Reduce : Your emissions through data-driven targets and strategies
We are on a mission to future-proof your company for the net-zero carbon world we’re accelerating towards.
Scopes of work
Typically, companies account for the emissions that they release directly through their activities (scope 1) and their indirect emissions from purchased electricity use (scope 2). So everything from gas boilers and fleet vehicles to emissions from electricity generation.
Emitwise expands the focus to scope 3, indirect emissions from your value chain, covering everything from raw material acquisition to the treatment of sold products after use. Accounting for up to 90% of a company’s emissions, scope 3 is too big to ignore. We make it easy to integrate upstream and downstream carbon data into one centralised view.
Global alignment
Just like financial accounting, carbon accounting aligns with calculation methodologies that standardise the accounting process.
Our core carbon accounting process aligns with two internationally established methodologies, ISO 14064 and The Greenhouse Gas Protocol Corporate Standard. Both encourage an assessment of scopes 1, 2 and 3 alongside which our platform enables you to do.