Carbon Footprint What Is It? And What Purpose Does It Serve?

By Author: Agile Advisors
Total Articles: 55
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Complete summary of Green House Gas Emissions from an operation, company, product, service, or event is called the carbon footprint of that operation/company/product. When developing a carbon footprint it’s a general practice to include all 7 GHGs included in the Kyoto Protocol of the UNFCCC. There are many reasons why a company would want to publish a carbon footprint report. Being a carbon footprint consultant, we believe, following could be the reasons:
• Environmental and social responsibility
• Regulatory requirement
• Voluntary commitments
• Green image/branding
• Unlocking potential for carbon credits etc

In general, the organizations want its carbon footprint to serve multiple goals at one time. Therefore, it is advisable to think and design the scope and process of the carbon footprint from the onset, so that end users can use it for different purposes as they deem fit. To estimate carbon footprint a guideline called as the GHG protocol corporate standard has been developed by the GHG protocol as a comprehensive carbon footprint accounting and reporting framework that ...
... provides complete information on the building blocks of developing a carbon footprint that can serve multiple goals of an organization. As a carbon footprint consultant, we see several benefits of the including it can help manage greenhouse gas risks and also highlight emission reduction that can save cost as well. Many GHG reduction opportunities are linked with energy savings, and therefore, the cost of reducing energy is something that pushes companies and the go-ahead to reduce emissions.

Preparing a carbon footprint report through a carbon footprint consultant can also help in participating in different voluntary reporting programmes, or also reporting programmes or also reporting the carbon footprint to government as well as GHG registries. This can also lead a path towards echo labelling or carbon-neutral labelling of an organization or product. Developing a carbon footprint enhances the understanding of the company about greenhouse gas profile. This also highlights any potential opportunity where they can save on greenhouse gas emissions and also on energy-related costs. Many a time, they are also able to reduce their waste generation as waste is also an important source of emission. Now a days a lot of companies are also looking into climate risks when investing in other organizations and therefore having a carbon footprint also ready also helps in getting access to funding which are marked for green investment.

Recent IPCC report has called the climate crisis as code red for humanity and it must be dealt with high priority and vigour, countries need to come up with strong GHG reduction measures if we want to win this battle. Enough resources are yet to be allocated by most of the countries for this cause. European Union has been leading this fight with several regulations in place. As a carbon footprint consultant, we believe that several other regulatory measures are required across the globe and we are hopeful that these will see light of the day in the next 5-10 years.

Agile Advisors launched its operations in 2016 and has since rapidly grown globally. We have offices in UAE, Bahrain and India. Our team brings in a plethora of expertise in sustainability cutting across different sectors.