Corporate Carbon Footprint is the sum of the direct and indirect greenhouse gas emissions caused by a company or legal entity as a result of all its activities for 1 year. Its unit is tons of CO2 equivalent.
There are many greenhouse gases identified under the Greenhouse Gas Protocol. However, in order for the comparison to be possible and meaningful, global warming potentials have been determined for all greenhouse gases and the unit of all greenhouse gas effects has been arranged as CO2 equivalent.
There are many greenhouse gases identified under the Greenhouse Gas Protocol. However, in order for the comparison to be possible and meaningful, global warming potentials have been determined for all greenhouse gases and the unit of all greenhouse gas effects has been arranged as CO2 equivalent.
Organization-level emissions of greenhouse gases, which are gaining importance day by day, are calculated and reported within the framework of the GHG protocol and ISO 14064 standard. GHG protocol and ISO 14064 standard .
Scope 1, 2 and 3 emissions, calculated within the framework of the ISO 14064:2018 standard and the Greenhouse Gas Protocol Corporate Accounting and Reporting Standards by the GHG Protocol, refer to the greenhouse gas emissions because of the activities of a company.
The exponential growth in the industry after the Second World War brought about the uncontrolled consumption of resources and many environmental problems. Global warming, which is considered the biggest of these problems, has evolved into the title of ‘climate change’ as of the Paris Agreement and has become a concept that needs to be studied on a wider scale.
After the European Green Deal signed by 55 countries, measures were taken covering many industrial sectors and it became necessary to monitor the corporate carbon footprints of many sectors with the “Carbon Border Adjustment Mechanism (CBAM)”. The corporate carbon footprint, which was calculated for environmental responsibility, supplier demand or advertising and market strategies until recently, is now calculated and reported annually by many companies.
Quantitative measurement is the first step to analyze where a company, institution or organization is in terms of environmental sustainability. After the calculation and making sense of the data at hand, strategies for the future are created. As a result of the implementation of action plans that include the steps to be taken in the near and medium future, greenhouse gas reductions are achieved.
Day by day, corporate carbon footprint management is becoming an important component of many companies’ strategic planning.
Corporate Carbon Footprint Steps
Boundary Definition
It is important to determine the system boundaries; this is the first stage of carbon footprint assessment. Three scopes are available: Scope 1 (Direct carbon footprint), Scope 2 (Indirect carbon footprint) and Scope 3 (Other indirect carbon footprint).
Data Collection
During the data collection process, the necessary data of the company is collected through the data template we have prepared as Metsims. In this process, the Metsims team provides the necessary support.
Calculation
Once data collected, calculations are made using appropriate and accepted reference emission factors. With its access to global and sectoral LCA databases, Metsims can calculate all the emissions within the scope 1,2,3
Assessment
After calculations, hotspots are determined and evaluated further. Reporting is done based on the assessed and evaluated results.
Verification
The calculation may optionally be subject to verification by independent third parties to be determined by the company. During the process, Metsims is always on hand to address any shortcomings.
Get in touch with our team to hear success stories about our consultancy services on corporate carbon accounting and to get more information.
Get in touch with our team to hear success stories about our consultancy services on corporate carbon accounting and to get more information.
Meet our Corporate Carbon Footprint Consultants
Orhan Atacan
Sustainability Manager
Ali Rüzgar
Sustainability Senior Advisor
Yıldıray Yılmaz
Senior Sustainability Advisor
Gülbahar Korkusuz
Senior Sustainability Advisor
Can Sönmez
Senior Sustainability Advisor
Furkan Can Akalın
Sustainability Consultant
Orhan Atacan
Sustainability Manager
Ali Rüzgar
Sustainability Senior Advisor
Yıldıray Yılmaz
Senior Sustainability Advisor
Gülbahar Korkusuz
Senior Sustainability Advisor
Can Sönmez
Senior Sustainability Advisor
Furkan Can Akalın
Sustainability Consultant
What is a Corporate Carbon Footprint?
A Corporate Carbon Footprint is the total amount of greenhouse gas emissions, typically measured in carbon dioxide equivalent (CO2e), that a company is responsible for emitting directly and indirectly as a result of its operations, supply chain activities, and other business-related sources.
Why is it important for companies to measure their Corporate Carbon Footprint?
It is important for companies to measure their Corporate Carbon Footprint as it provides a baseline understanding of their environmental Sustainability performance, helps identify emission reduction opportunities, supports compliance with regulations, enhances transparency and accountability, and enables the company to set meaningful emission reduction targets.
How can a company reduce its Corporate Carbon Footprint?
Companies can reduce their Corporate Carbon Footprint by implementing energy efficiency measures, transitioning to renewable energy sources, optimizing transportation and logistics, reducing waste and promoting recycling, engaging with suppliers to lower emissions, and investing in carbon offset projects, among other strategies.