Carbon accounting (also called greenhouse gas accounting ) is the process of measuring, recording, and reporting the amount of carbon dioxide (CO₂) and other greenhouse gas (GHG) emissions an organization, project, or product produces — and sometimes removes or offsets. It’s a key tool in sustainability management and climate change mitigation , helping businesses understand and reduce their environmental impact. Purpose of Carbon Accounting To quantify emissions linked

Implementing Scope 3 greenhouse gas (GHG) emissions calculations can be quite challenging for most organizations. These emissions cover indirect activities outside a company’s direct control — such as supply chain operations, product use, and waste disposal. According to analyses from CDP (Carbon Disclosure Project) , S&P Global , and EY’s 2024 Climate Disclosure Benchmark : Roughly 75 – 80% of Fortune 500 companies publicly disclose their Scope 1 & 2 emissions. About 5