Accounting For The Net Zero Hero!
Carbon data distorted or accurately reported?
Welcome to the latest edition of The Karma Future!
In a world where everything from the economy to the climate seems to be regularly in a state of crisis, it can be difficult to understand and digest one problem and its solutions, before the next concern arises!
So how do we breakdown these seemingly insurmountable issues, to understand the drivers, uncover opportunities or risks and create solutions?
Accounting For The Net Zero Hero!
Just like climate change, carbon reduction regulation changes are creating atmospheric pressure, as companies realise the gravity of the situation and the associated challenges to achieving Net Zero.
The size of the problem becomes apparent for businesses when you consider how difficult it is to reduce your own carbon footprint, especially when despite your best efforts, your attempt at affirmative action to be carbon conscious is over-ruled!
For example, reducing emissions apparently isn’t a good enough reason to not visit the in-laws, according to my partner!
However, if we take that flippant analogy and apply it on an enterprise scale, it becomes apparent that not dissimilar decisions have to be made regarding what is essential (and may require carbon offsetting), what can be made more emission efficient and what needs to be addressed or eradicated in a radical manner.
The upcoming adoption of carbon reporting legislation, like the European Commission’s CSRD, is designed to help companies understand their carbon ecosystem, ascertain opportunities for reduction and highlight problematic areas requiring attention.
This could induce a climate of fear for those tasked with providing a solution to this difficult conundrum; as from the complexity of data collection and accounting calculations to a lack of standardisation and transparency, it is difficult to implement a reporting process and verify its accuracy to meet legal requirements.
Plus, the repercussions for failing to report, within the necessary timescales and parameters to adhere with the requirements of new sustainability legislation, such as financial penalties and brand damage, add additional pressure – but as we all know, when great pressure is exerted on carbon, diamonds can emerge!
So, do you want your colleagues to be getting De Beers in for you, on account of your status as a Net Zero Hero?
By partnering with ELEKS Carbon Accounting Service, we can make your competitors green with envy, whilst helping you become greener!
We can assist with verifiable data collection and identify opportunities to reduce your carbon emissions, whilst reducing costs and deployment time. Plus, we can enable the adoption and implementation of a data driven platform to automate environmental data collection, reporting and analysis across all your companies’ locations.
If you would like to learn more about how ELEKS can assist with your carbon reporting and sustainability strategy, then feel free to drop me a message or contact me on LinkedIn.