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Businesses are increasingly working towards reducing their environmental impact. One of the most significant ways to do this is by reducing their carbon footprint, and this starts with monitoring carbon emissions.
According to the leading GHG Protocol corporate standard, a company's greenhouse gas emissions are classified into three scopes. Scope 1, 2 & 3 emissions Scope 1 and 2 are mandatory to report, whereas scope 3 is voluntary and the hardest to monitor. However, companies succeeding in reporting all three scopes will gain a sustainable competitive advantage. Scope 1 emissions - are direct emissions from company-owned and controlled resources which are defined in four (4) categories:
Scope 2 emissions - are indirect emissions from the generation of purchased energy, from a utility provider, being the consumption of purchased electricity, steam, heat, and cooling, from which the emissions being released into the atmosphere. Scope 3 emissions are all indirect emissions - not included in scope 2 - that occur in the value chain of the reporting company, including both upstream and downstream emissions. In other words, emissions are linked to the company's operations, and are separated into 15 categories: Upstream Activities Waste generated in operations Purchased goods and services Transportation and distribution Capital goods Fuel & energy related Business travel Employee commute Leased assets Downstream Activities Investments Franchises Leased assets End of life treatment of sold products Use of sold products Processing of sold products Transportation and distribution Contact Footprint Energy to discuss a potential business assessment of your Carbon Footprint. Author - Paul Sedman
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