Sustainability is quickly becoming a central focus for large, public institutions. In order to remain competitive and attract investors, executive management teams are increasing focus on their ESG disclosures, and reviewing strategies to reduce carbon emissions and respond to climate change.
2019 will go down as the year the world announced a clear intent to move to a low-carbon economy. In 2020 governments, institutions and businesses will have to address how they manage this transition in order to ensure the long-term sustainability of their businesses.
One of the key functions of sustainability reporting software like Envizi is to calculate emissions. To do so, we are guided by The Greenhouse Gas Protocol (GHG Protocol) as it is the most widely used international accounting tool for government and business leaders to understand, quantify, and manage greenhouse gas emissions. For organizations aiming for Net Zero, understanding how to account for reduced emissions from green power purchases is essential.
Building rating and emission reporting bodies will grade your organization on its carbon footprint and emissions resulting from electricity consumption. The problem is that all kWh are not created equal.