Carbon Accounting Overview


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An overview of carbon accounting and why an organization might want to develop a sustainability policy.

Explains the basic components of a carbon audit and methods of compliance with corporate social responsibility initiatives.

Published in: Technology, Business
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Carbon Accounting Overview

  1. 1. LakeShore GlobalThe Verification Experts “Our client’s are the solution”
  2. 2. What is Carbon Accounting• Measuring and reporting the CO2 emissions of an organization• Often called a ‘Carbon Footprint’ Carbon Footprint Includes: direct power usage (from non-renewable power source) fuel-powered transport (travel and/or shipping) The ‘wider footprint’ may include: Recycling and waste policies carbon reduction agreements with supply chain partners carbon reduction initiatives with employees
  3. 3. Why follow Carbon Accounting• Corporate social responsibility• Supply chain expectations• Brand value and image• Expectations of related legislation• Savings in energy consumption• Provides superior management data
  4. 4. Carbon StrategyA Carbon Audit is first step to develop a Carbon StrategyA Carbon Strategy is a long term action plan to manageand reduce the carbon footprint of an organization, it’sclients and it’s supply chainA Carbon Strategy is compulsory in certain designatedindustries
  5. 5. Elements of Carbon Audit• An analyst calculates the carbon footprint in accordance with GHG standards• Organizations apply GHG Protocol standards• Carbon Reporting is split: Power:  electricity, natural gas, oil-fired Transportation:  road mileage (vehicle type), rail mileage, air mileage (origin-destination)  Ground freight (mileage & weight)  Air freight (weight) courier mileages
  6. 6. Wider Carbon FootprintMaterials (and recycling)• Paper used (quantity & type)• Materials sent to recycling (quantity & type)• Waste not recycled (mixed, by weight)Detailed Footprint Analysis• Detailed energy usage by supplier• Detailed air & road travel (vehicle class and mileages)• Commuting: distance and type for all employees• Other savings e.g. video conferencing
  7. 7. Carbon Reporting Standards• Total emissions, core and non-core• Power used per square foot (offices)• Carbon value per employee (per job / project / dept)• Benchmark results with industry and market
  8. 8. Basic Carbon GoalsGeneric solutions:• Cut energy usage• Cut waste• Increase re-cycling• Cut down travel & shipping• Reduce commuting
  9. 9. Corporate Carbon Culture• Create carbon-conscious corporate culture• Balance short term ‘opportunities’ with long term objectives• Integrated carbon strategies (multiple reduction strategies)• Improve carbon / energy / travel reporting procedures• Delegate responsibility efficiency to departmental level• Engage employees in work-based and domestic carbon reduction initiatives
  10. 10. Compliance OptionsCarbon funding:• Calculate emissions from specific activity and pay third party to reduce CO2 by similar amountCarbon offsets:• Buy emission reductions being created by another projectCarbon Monetization:• Initiate outside projects that reduce more carbon than is emitted with the excess sold in the open market
  11. 11. LakeShore Global Environmental Finance for the Future• RECS • CAP and TRADE• GHG Credits • ISO 14064(5)• CO2 Offset • Federal and State Compliance• Efficiency Certificates • Sustainability Reporting• RINS • Strategic Planning 512-348-6060