Market Insight: The Future Of Carbon Accounting
27 Jan, 2023
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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.
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
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
Figure 1. The GHG Protocol Scopes
Figure 2. ESG And Sustainability Processes Funding Priorities
Figure 3. The Tripartite Carbon Reporting Model
Figure 2. ESG And Sustainability Processes Funding Priorities
Figure 3. The Tripartite Carbon Reporting Model
Telefónica, EY, UNISOT, ReNew Energy Global, CDP, Microsoft, GHG Protocol, Partnership for Carbon Accounting Financials (PCAF), Normative, International Sustainability Standards Board (ISSB), Net Zero Asset Managers initiative, Institutional Shareholder Services (ISS), World Business Council for Sustainable Development (WBCSD), Boston Consulting Group (BCG), Carbon Call, OneTRust, World Resources Institute (WRI), Sweep, ENGIE, Woodside Energy, International Council on Mining and Metals (ICMM), Sphera, Danone, Shell, Science Based Targets initiative (SBTi), Capricorn Investment Group, BP, GSK, Persefoni, US Securities and Exchange Commission (SEC), Deloitte, ClimateWorks Foundation, ClientEarth
About the Authors
Connor Taylor
Senior Analyst
Connor is a Senior Analyst at Verdantix. He focuses on delivering research to help senior executives navigate decarbonization decision-making and build effective strategies to…
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Ryan Skinner
Research Director
Ryan is a Research Director at Verdantix, where he leads a team of analysts delivering research, data and advisory services that help clients navigate the fast-evolving landsc…
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