Corporate carbon accounting empowers businesses to accurately measure and track their greenhouse gas emissions, providing deeper insights into their environmental impact.  It enables them to understand the carbon dioxide equivalent of their emissions as a result of their activity, operations or financial data.

Using a tool such as Zuno Carbon for corporate carbon accounting allows businesses to establish a single source of truth for their emissions data, streamlining their GHG accounting process. This not only enhances transparency but also supports informed decision making.

Carbon accounting focuses on measuring and tracking carbon dioxide (CO₂) emissions, typically from energy use and fossil fuel consumption. It is often used in contexts where CO₂ is the primary concern and forms the core of carbon footprint calculations.

GHG accounting, on the other hand, measures a broader range of greenhouse gases, including not only CO₂ but also methane (CH₄), nitrous oxide (N₂O), and other gases listed in the Kyoto Protocol. This approach provides a more comprehensive view of total emissions, as it includes all gases that contribute to climate change, often expressed in terms of CO₂ equivalents (CO₂e).

Companies need to conduct carbon and GHG accounting primarily to ensure regulatory compliance. Governments and international bodies have implemented laws and policies requiring businesses to measure and report their greenhouse gas emissions. By accurately accounting for emissions, companies can avoid penalties and meet legal obligations.

Some companies also pursue sustainability goals like reducing their carbon footprint or achieving net-zero emissions. Carbon and GHG accounting helps them monitor and track their progress, providing data to guide strategies for reducing environmental impact.

Lastly, accurate accounting helps with risk management by identifying exposure to potential climate-related risks, such as future carbon taxes, regulatory changes, or supply chain disruptions due to climate change. This enables companies to mitigate long-term financial and operational risks associated with their environmental impact.

The cost of a carbon accounting solution for companies can vary widely depending on several factors, including the size of the company, the complexity of its operations, and the specific features or services offered by the solution provider.

If you're keen to learn more about Zuno Carbon's cost, contact us today and one of our representative will provide a quotation depending on your needs.