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 DecarbonizationWhat 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 ScopesFigure 2. ESG And Sustainability Processes Funding Priorities
Figure 3. The Tripartite Carbon Reporting Model
Organisations mentioned
Boston Consulting Group (BCG), BP, Capricorn Investment Group, Carbon Call, CDP, ClientEarth, ClimateWorks Foundation, Danone, Deloitte, ENGIE, EY, GHG Protocol, GSK, Institutional Shareholder Services (ISS), International Council on Mining and Metals (ICMM), International Sustainability Standards Board (ISSB), Microsoft, Net Zero Asset Managers initiative, Normative, OneTRust, Partnership for Carbon Accounting Financials (PCAF), Persefoni, ReNew Energy Global, Science Based Targets initiative (SBTi), Shell, Sphera, Sweep, Telefónica, UNISOT, US Securities and Exchange Commission (SEC), Woodside Energy, World Business Council for Sustainable Development (WBCSD), World Resources Institute (WRI)About the authors
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