Traace’s Post

Couldn't agree more with this article in The Wall Street Journal. "Once an entity knows enough about its emissions to act, it can direct resources to address the risk rather than collecting more specific data. Data quality and availability can be improved over time, but organizations should not wait for improved data to act." Most companies today are stuck in data collection and supplier surveys and don't know how to move beyond that to implementing #decarbonization projects. The truth is - most companies today only need a certain level of data granularity on their #supplychain emission to be in a position to act. Who are the suppliers that contribute most to my own footprint? Where in their supply chain are the sources of their emissions? Is it their own operations (= easy to address) or is it in their upstream supply chain (= harder to address)? How important am I to these suppliers? Big share of wallet (= they will likely want to work with me) or small share of wallet (= I might not be their priority)? How difficult or expensive are the decarbonization options? Switch to low-carbon electricity (= easy and relatively cheap) or CCS or similar (= difficult and expensive). Getting a decent 80% answer on these and similar questions often is enough to start taking meaningful action on 50% or more of a companies scope 3 category 1 emissions. Worry about the other 50% later. Thank you for this article, Cynthia Cummis, Kristen Sullivan, and Laura Draucker! And thank you for sharing, Jille Luijckx! #supplychaindecarbonization

🔍 The Importance of Accurate GHG Accounting Accurate Greenhouse Gas (GHG) accounting is the cornerstone of any successful sustainability program. It ensures that emission reduction efforts are based on reliable data, enabling companies to set realistic targets and measure their progress. At Climate Decode, we emphasize the significance of precise GHG accounting as a foundational element of our climate solutions. Why is Accurate GHG Accounting Crucial? 1. Reliable Data for Effective Action: At Climate Decode, we provide reliable and precise GHG accounting services, helping organizations identify key areas of improvement and implement targeted emission reduction strategies. Our expertise ensures that the data collected is accurate and actionable. 2. Setting Realistic Targets: With our advanced GHG accounting tools, companies can set realistic and achievable targets for reducing their carbon footprint. These targets are essential for creating a roadmap toward sustainability and climate neutrality. 3. Measuring Progress: Continuous monitoring and accurate accounting allow organizations to measure their progress over time. Climate Decode's comprehensive tracking systems help assess the effectiveness of implemented strategies and make necessary adjustments to stay on track. 4. Regulatory Compliance: Accurate GHG accounting ensures compliance with environmental regulations and standards, such as the Kyoto Protocol and the Paris Agreement. Climate Decode’s expertise in regulatory frameworks ensures that our clients meet all legal obligations and demonstrate their commitment to environmental responsibility. 5. Building Stakeholder Trust: Transparent reporting of GHG emissions fosters trust with stakeholders, including investors, customers, and the public. Climate Decode’s detailed and transparent reporting services enhance a company’s reputation and credibility by showcasing their dedication to environmental stewardship and accountability. 6. Driving Innovation: Insights gained from accurate GHG accounting can highlight areas for innovation. At Climate Decode, we help companies invest in research and development to create more sustainable products and processes, giving them a competitive edge in the market. 7. Achieving Climate Goals: Ultimately, accurate GHG accounting is about contributing to global climate goals. By partnering with Climate Decode, companies play a vital role in mitigating climate change and promoting a sustainable future. #GhgAccounting #ClimateDecode #sustainability #Greenhousegas #carbonneutral

Excited to share my latest achievement: earning the Greenhouse Gas Accounting certification from Corporate Finance Institute® (CFI)! Now armed with the vital expertise to quantify, manage, and transparently disclose company's emissions. As investors increasingly prioritize ESG alignment, leveraging GHG profiles for capital allocation decisions becomes pivotal in driving positive climate impact through investments. Transparent reporting isn't merely numerical; it's a testament to dedication to sustainability, fostering trust in a greener future. 🌱💼 #GreenFinance #Sustainability #ClimateAction

Big news for the day. Good to see the policies being rolled out to get more companies to pay attention to their carbon emissions. In summary... 1. Climate-related disclosures using ISSB (which incorporated the previous TCFD recommendations) will now be default for all listed companies, as well as large non-listed companies with > US$1b revenues and assets of > 500m, from FY25 onwards. 2. External verification will be needed for Scope 1 and Scope 2 emissions 2 years after the above. So FY27 for most companies. 3. Listed companies to report Scope 3 emissions from FY26 onwards. Non-listed (including large companies) from FY29 (for now).

Are you curious about measuring and managing your carbon footprint? Which emissions are we talking about? In a rapidly changing world with a growing focus on environmental responsibility, which often translates to financial performance, understanding carbon emissions is key for businesses 🌎 Navigate the complexities of carbon accounting in Deepki’s blog! 👉 https://lnkd.in/gmNqhJ-K #ImpactForward #ESG #CarbonAccounting

🌍 Exciting Developments in Corporate GHG Accounting! 📊 GHG accounting, pivotal in climate change, has seen remarkable growth in recent years. #Regulators and #Companies worldwide are increasingly embracing emissions disclosure initiatives, driving us towards a more sustainable future. The US #SEC's proposed rule and the EU's #CSRD are just two examples of the momentum building in this space. These regulations, alongside voluntary standards like the ISSB's IFRS S2, are shaping the landscape of corporate climate reporting. But what exactly is GHG accounting? It's the standardised measurement and monitoring of greenhouse gas emissions, crucial for understanding and reducing our carbon footprint. From #Scope1 to #Scope3 emissions, companies are now accountable for their entire #valuechain. At @Wolrd Resources Institute, we're proud to see #ghgprotocol , our flagship initiative launched in 1998, serving as the bedrock of corporate GHG accounting. Our ongoing revisions aim to ensure these standards align with ambitious emission reduction targets. The impact of #ghgaccounting extends beyond compliance – it's about identifying opportunities, managing risks, and engaging stakeholders. As we move forward, let's continue driving progress towards a low-carbon economy together. 🌱 #GHGAccounting #ClimateAction #Sustainability #CorporateReporting World Resources Institute https://lnkd.in/dWKqERw6

🌍 GHG Accounting 📒 This week we take a look at GHG accounting as sustainability continues to become a priority. Which consolidation approach is best for your organisation? https://lnkd.in/en2GkK75 #ghgaccounting #sustainabilityreporting #carbonemissions #csdr #corporatesustainability #esg #climateaction #carbonfootprint #leadership #greenhousegas #environmentalimpact #netzero #compliance #SEC #carbondisclosure

Are you curious about measuring and managing carbon footprint? What emissions are we talking about? In a rapidly changing world focused on environmental responsibility, understanding carbon emissions is primary for businesses 🌎 Navigate the complexities of carbon accounting in Deepki’s blog! 👉 https://lnkd.in/gmNqhJ-K #ImpactForward #ESG #CarbonAccounting

🌍 How to Choose the Right GHG Accounting Methodology?   As companies face increasing accountability for their carbon footprint, selecting the right methodology to measure emissions is critical. 🎯 Discover our latest article, where Filippo Brunetti our carbon accounting expert, dives deep into the comparison of key greenhouse gas (GHG) accounting methodologies, including : ✔️ The GHG Protocol ✔️ ISO 14064-1 ✔️ BEGES   Discover how each method can meet your specific needs for emissions management and the key criteria for making the right choice. 💡   Read the full article here 👇 :
 🔗 https://lnkd.in/ebdznUr4   #GHGAccounting #ClimateChange #Sustainability #CarbonFootprint #NetZero

Are carbon markets key to achieve companies' net zero goals? I think so. Let us know if you have any questions or comments on the carbon markets.