As companies strive to reduce their environmental impact and take responsibility for their carbon emissions, measuring their carbon footprint has become a crucial step in achieving sustainability goals. By quantifying emissions, companies can identify areas where they can reduce their environmental impact and take action to achieve a greener future. In this blog post, we will explore how you can measure your company's carbon footprint and why it is essential for a better tomorrow.
Measuring carbon footprint
A Carbon footprint refers to the amount of carbon emissions a product, service, individual, or organisation produces over a certain period. It includes all emissions from the extraction of raw materials, production, distribution, use, and disposal of a product or service. Carbon footprints are usually measured in tonnes of carbon dioxide equivalent (CO2e).
Measuring your company's carbon footprint involves calculating the amount of carbon emissions produced by a product, service, individual, or organisation. The process usually involves collecting data on energy use, fuel consumption, transportation, and other factors contributing to greenhouse gas (GHG) emissions. The data is then analysed using internationally recognised protocols such as the Greenhouse Gas Protocol, ISO 14064, or the Carbon Trust Standard.
Why is measuring a carbon footprint important?
Measuring your company's carbon footprint is crucial to identify and manage its impact on the environment. By understanding the emissions associated with your operations, your businesses can take steps to reduce its carbon footprint, minimise its environmental impact, and contribute to the fight against rising emissions and biodiversity loss.
Furthermore, measuring carbon footprints can help businesses to meet regulatory requirements and comply with climate-related reporting obligations. As governments worldwide set ambitious decarbonisation goals, measuring your business’ carbon footprint is key to regulatory compliance.
Get started on measuring your carbon footprint
Carbon footprint measurement in corporations
Carbon footprint measurement has become a common practice in many corporations worldwide. According to a 2022 survey by the Carbon Disclosure Project, about 86% of Global 500 companies and 88% of FTSE 100 companies report their carbon footprint. According to a 2023 survey by Boston Consulting Group (BCG), over half of companies now report some of their Scope 3 value chain emissions. This shows the increasing importance of carbon footprint measurement in the corporate world.
Read more: Leading German companies: their carbon footprints and reporting practices
Several companies are also taking steps to reduce their carbon footprint. For instance, Apple Inc and Microsoft have both set a goal of becoming carbon neutral by 2030. Microsoft has also pledged to remove all carbon emitted since its founding in 1975 by 2050. Other corporations, such as Amazon, Google, Meta, and Walmart, have also set ambitious targets to reduce their carbon footprint.
Read more: Dutch companies leading the charge in carbon footprint compensation
In addition to reducing their carbon footprint, corporations are also investing in carbon offset projects. Carbon offsetting or compensation involves investing in projects that reduce or remove carbon emissions from the atmosphere. These projects can include renewable energy, energy efficiency, reforestation, and afforestation. By investing in carbon projects, corporations can compensate for their carbon emissions and achieve carbon neutrality.
Seedlings being monitored at DGB Sawa afforestation project.
Into a decarbonised future
Measuring a business’ carbon footprint has become crucial for businesses that want to take responsibility for their environmental impact. By measuring your company's carbon footprint, your business can identify areas where it can reduce its carbon emissions, comply with regulatory requirements, and contribute to the fight against environmental degradation. With more corporations investing in carbon offset projects and setting ambitious sustainability goals, we can be optimistic that a greener future is possible.
Carbon footprint measurement is a vital tool for corporations in the fight against environmental harm. By measuring and reducing your business' carbon footprint, you can take responsibility for your impact on the environment and contribute to a more sustainable future.
As the world moves towards a more sustainable future, carbon footprint measurement will become even more prevalent in the corporate world, and lead us to a decarbonised, sustainable economy. Take the first step in your sustainability journey and measure your business' carbon footprint. You can use DGB Group’s easy-to-use carbon footprint calculator to measure your business’ environmental impact and start your journey to a sustainable business.
