Carbon accounting, the process of measuring, reporting, and verifying an organisation’s greenhouse gas emissions and carbon footprint is gaining importance as companies are pressured to reduce their carbon footprint. It provides a way for businesses to understand and track their impact on the environment and identify areas where they can reduce their emissions.
Carbon accounting can provide several benefits to businesses, such as identifying opportunities to reduce fuel costs and increase efficiency, improving the company’s reputation and brand image, and complying with regulatory requirements. By tracking their carbon footprint and setting reduction targets, companies can also contribute to the global effort to combat climate change.
ESG (Environmental, Social, and Governance) reporting refers to the practice of disclosing a company’s non-financial performance, including its impact on the environment, society, and corporate governance. Carbon accounting is one component of ESG reporting, specifically related to the environmental aspect. By including carbon accounting in their ESG reporting, companies can demonstrate their commitment to sustainability and provide investors with a clearer picture of their impact on the environment.
Measurement of diesel machine contribution to the carbon ledger is particularly simple through the measurement of machine fuel-burn, a parameter generally available on the machine’s diagnostics port. Senquip devices measure fuel burn on all machines and can report the results to any server, making integration with business reporting systems simple.
