Market Insight: The Future Of Carbon Accounting

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Executive Summary

Carbon accounting is the mechanism that organizations use to measure and quantify emissions. The rise of net zero as a business priority has called into question the suitability of current carbon accounting methodologies, in light of stakeholder demands to improve carbon data accessibility and provide evidence of decarbonization progress. This report should be used by business leaders to understand how carbon accounting will evolve in the near future, and how this will impact corresponding business processes.

Table of contents

Carbon Accounting Will Adapt To Enable Decarbonization
What Leaders Need From Carbon Accounting Is Evolving
New Demands On Emissions Reporting Undermine The Suitability Of The GHG Protocol
The Future Of The GHG Protocol In A Decarbonizing Economy
Three Recommendations To Futureproof Carbon Accounting Strategies

Table of figures

Figure 1. The GHG Protocol Scopes
Figure 2. ESG And Sustainability Processes Funding Priorities
Figure 3. The Tripartite Carbon Reporting Model

About the authors

Connor Taylor

Industry Analyst
Connor is an Industry Analyst in the ESG & Sustainability practice. His current research agenda focuses on emerging software solutions across financial markets, and broader market trends in the ESG space. Connor joined Verdantix in 2021 and has experience in EHS technology sales and development. He holds a B.A from Cambridge University in Anglo-Saxon, Norse and Celtic.

Ryan Skinner

Research Director, Net Zero & Climate Risk
Ryan leads the Verdantix Net Zero & Climate Risk research practice. The team’s current research focus encompasses net zero drivers and strategies, and climate risk, emissions reduction, and carbon management technologies. Ryan has 10 years of experience in the research business, previously working at Forrester, where he led research on ESG. Ryan speaks English natively, Norwegian, and French conversationally. He holds a BA from Duke University. 

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