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.
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
www.LakeShoreGlobal.com
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
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4. Carbon Strategy
A Carbon Audit is first step to develop a Carbon Strategy
A Carbon Strategy is a long term action plan to manage
and reduce the carbon footprint of an organization, it’s
clients and it’s supply chain
A Carbon Strategy is compulsory in certain designated
industries
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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
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6. Wider Carbon Footprint
Materials (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
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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
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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
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10. Compliance Options
Carbon funding:
• Calculate emissions from specific activity and pay third party
to reduce CO2 by similar amount
Carbon offsets:
• Buy emission reductions being created by another project
Carbon Monetization:
• Initiate outside projects that reduce more carbon than is
emitted with the excess sold in the open market
www.LakeShoreGlobal.com
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
www.LakeShoreGlobal.com
