Calculation of CO2 emissions
What is a carbon footprint calculation?
The operation of a company involves a number of processes and activities, each of which consumes a certain amount of energy and resources and, consequently, contributes to the emission of greenhouse gases. One of the indicators of the environmental impact of a given activity is the analysis of greenhouse gas emissions, including carbon dioxide.
One of the ways to calculate emissions is to perform a Life Cycle Assessment (LCA). The LCA analysis allows, among other things, to calculate the embodied carbon and the operational carbon. In addition to the Life Cycle Assessment, there are many standards available on the market for calculating emissions, such as the tool proposed by the European Union, the Carbon Risk Real Estate Monitor (CRREM), or the most widely used global standard for calculating GHG emissions, the GHG Protocol.
Why it is worth it?
Calculating greenhouse gas emissions allows you to locate areas where potential changes will have the best effect, thus effectively reducing the total emissions generated by your operations. In addition:
- The Paris Agreement, to which Poland is a signatory, requires net greenhouse gas emissions to reach zero by 2050.
- Taxonomy – will enable investors to direct their investments towards more sustainable solutions. It will be a key factor leading to the EU achieving climate neutrality by 2050.
- Sustainable Finance Disclosure Regulation (SFDR) – The need for CO2 reporting for banks and financiers under the Directive.
- ESG Reporting – As investors are increasingly interested in ESG factors, reporting of non-financial information such as GHG emissions, among others, is becoming increasingly important in decision-making processes.
- Green Deal – As part of the European Green Deal, the European Union is targeting a 55% reduction in greenhouse gas emissions by 2030.
The result of the analysis is the total value of greenhouse gas emissions, broken down into specific emission values for individual processes and sectors of activity. Such information allows for taking effective actions to reduce emissions. Calculation of GHG emissions, especially CO2, is necessary from the point of view of regulatory requirements, investment funds and ESG reporting.
What does cooperation with JW+A look like?
We start our cooperation with the Client from determining the scope for which the analysis will be conducted and the calculation method, e.g. according to the GHG Protocol. After receiving necessary documentation, our team of specialists determines emissions for particular processes and sectors. The calculations performed allow for determining the total emission for a given range. After analysing the distribution of emissions for individual processes, the JW+A team of specialists recommends actions whose potential implementation will effectively reduce greenhouse gas emissions.
We support the customer in deciding which of the proposed recommendations is the most beneficial to implement in order to effectively reduce emissions. We can recommend additional analyses and activities to show the exact causes and possibilities of improvement.
Ask about carbon footprint!
* We have prepared this content with the intention of providing selected information of a general nature and indicating possible courses of action. The document does not constitute a summary of all discussed acts and regulations and the implementation of recommendations requires each individual property analysis.