Wednesday 11 October 2023

What carbon accounting is, and why you can’t ignore it

What carbon accounting is, and why you can’t ignore it

What is carbon accounting?

Carbon accounting is similar to financial accounting. Only instead of being concerned with converting an organisation’s activity into money, and recording and reporting that, it’s concerned with recording and reporting the greenhouse gas (GHG) emissions that activity caused.

Why does carbon accounting matter?

The UK has made a legal commitment to reach net zero GHG emissions by 2050 at the latest (2045 in Scotland). There is also a ‘softer’ target to halve emissions by 2030. Achieving these goals will require a significant change to the way organisations record and report their emissions.

Put simply, we will not be able to reach net zero unless we know exactly what and how much GHGs we’re emitting. Timely, transparent and accurate data is vital to the success of this process. And ultimately, to avoiding catastrophic climate change.

Find out more on carbon accounting

Written by

Bruna Pinhoni

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