Accounting for GHG emissions is a crucial first step that your company must take to begin on a decarbonization journey. Knowing your GHG emissions can help prepare your company to effectively manage risks and opportunities as the world transitions to a Net Zero emissions economy.
With the help of technology and software, Cozero supports you in all steps of calculating your carbon footprint. Cozero performs all analyses according to the globally recognised standards of the Greenhouse Gas (GHG) Protocol. Since you cannot manage what you do not measure, every transition starts by analyzing the current environmental impact
How do I create my first Log?
To build a Log, you need to select an emission category. An emission category is an activity of the company (e.g. Travel, Hosting, Heating consumption, Power consumption) for which emissions can be calculated. Emission categories are always associated to a specific emission scope as defined by the GHG protocol.
For information on which emission category to select, see here
To create a Log -
- In the Log section of the Cozero Platform, click create a new Log
- 4 initial steps: Choose an emission category choose a locations, choose a timeframe, leave a comment and create the Log
- The Log question(s) open
- Put in the data or use heuristic data
- Click save and the accounting calculations are running
For information on data sourcing for Log, see here.
Once you have created Logs, Cozero provides you with Log reports. These show the total carbon footprint, and also reports for specific emission categories, GHG Protocol emission scopes, and more.
Besides the final carbon footprint, the deployed methodologies and used sources are also documented. In accordance with the GHG accounting principles of relevance, completeness, consistency, transparency and accuracy, it is particularly important to explain
- for which parts of your organisation the footprint was calculated
- which scope the footprint has been determined (minimum requirements are Scope 1 & Scope 2 emissions)
- which calculations were performed with which assumptions
- which carbon footprint activities are not yet reported and why they are not included
Understanding data accuracy
Transparency is a key pillar of accounting and management. In order to calculate the most accurate carbon footprint possible, continuous quality management of the data collected within the defined scope of analysis is essential. In addition to providing support in the collection of primary data, Cozero's software providers compleness and accuracy metrics to help identify and avoid sources of error.