What is a Carbon Footprint Assessment?
A carbon footprint assessment is an environmental audit to compute and analyze the total amount of greenhouse gases that are generated by the professional activities of a company. In order to carry out a carbon assessment, we multiply the company's activity data by specific emission factors.
ex. 50MWh of electricity*0.499= 24.95kgCO2e
Your carbon emissions can be divided into 3 categories
Direct greenhouse gas emissions from operations that are owned or controlled by the company. e.g. emissions from combustion of boilers, vehicles, combustion of fuels, etc...
Indirect emissions from the generation of purchased electricity, steam, heating or cooling consumed by the company.
All other indirect emissions, emissions which are not directly associated with the production of your products/services. (Often represents the largest scope). e.g. production of purchased products, use of sold products.
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ECONOS is proud to operate the first carbon assessment software in Eastern Europe capable of computing a Scope 1, 2 & 3 carbon footprint analysis automatically in a faster and more efficient way.
In line with the European Union's objective of becoming the first carbon neutral continent by 2050, it is essential for companies to calculate their carbon emissions. The new Corporate Sustainability Reporting Directive (CSRD) will require large companies based in the EU to report a mandatory carbon assessment from next year.
The CSRD will introduce the obligation for large companies to carry out a carbon footprint assessment coupled with a monitoring of their environmental, social and governance impacts included in a full ESG Report.
The carbon indicators included in the Corporate Sustainability Reporting Directive's ESG Report are the following:
Greenhouse Gas (GHG) emission reporting (Scopes 1, 2 & 3) over the past 3 years
Description of principal risks related to sustainability matters
Sustainable Policy Agenda with carbon emissions reduction targets - Absolute targets of 1.23% reduction per year