How to Analyse the Carbon Footprint of Your Company
Calculating your corporate carbon footprint (CCF) is the first important step on the way to becoming a carbon neutral company. It enables you to get an overview of your company's emissions. identify emission hotspots and helps you set reduction targets to improve your company's climate impact. Carbon accounting gives you the opportunity to set up a new management KPI in your company and to become a pioneer in your industry.
With the help of technology and software, Planetly supports you in all steps of measuring your corporate carbon footprint. Our software helps you analyse all Scope 1, 2 and 3 emissions - fully compliant with the globally recognised standards of the Greenhouse Gas (GHG) Protocol.
Wonder what a carbon footprint calculation entails and where to start? We will walk you through the entire process and support you every step of the way!
First of all, you should consider why you are doing the CO2 analysis and what you want to focus on. Do you want to create transparency and include your carbon footprint in your sustainability report? Do you want to meet standards and specifications of your supply chain partners or investors? Do you want to use your sustainability commitment in marketing and employer branding? Do you want to proactively understand and manage your carbon footprint in light of increasing regulation?
Whatever your motives, Planetly is happy to support you on your way to becoming a climate-friendly company that understands and actively manages its carbon footprint.
Scoping of the analysis
For the actual analysis, we will help you define the organisational units for which you want to perform the carbon analysis. Which locations should be considered? How do you deal with subsidiaries, joint ventures and franchises? How should the results be consolidated? In certain cases, it may be worthwhile to start a pilot analysis with one location (for example your headquarter), which you can then roll out across all organisational units in the next step.
In addition to the locations and company units to be analysed, the limits of the relevant company activities must also be taken into account. The GHG Protocol distinguishes between the following 3 categories of emissions:
Scope 3: Indirect Emissions generated along your entire value chain (e.g. through purchased goods and services)
Finally, in order to be able to track your emissions over time and to measure reduction successes, a base year needs to be defined for the analysis. This base year is the one that will be taken as the first fiscal year where emissions are being calculated. Only by defining the base year and a clear and constant scope is it possible to develop a long-term understanding of your company’s carbon footprint drivers, and how its different parts develop over time.
Data collection & carbon footprint calculation
As soon as all parameters have been defined, the next process step is to collect your activity data per organisational unit and for the pre-defined scope. Planetly supports you in this phase with intelligent software solutions and experienced consultants. Our software comes with intelligent data collection and collaboration features that enable you to involve teams across departments and locations in the data collection process, upload your own data files and collect primary data through integrated surveys. Wherever primary data collection becomes difficult, Planetly provides you with suitable industry benchmarks.
The collected activity data is then calculated with the help of relevant emission factors and translated into carbon dioxide equivalents (CO2e) to determine your company’s carbon emissions. Planetly draws on comprehensive global emission factor databases with data from a wide range of industries. Through real-time analyses, you always stay on top of your emissions and can track progress over time in interactive dashboards.
Data quality management
In order to calculate the most accurate carbon footprint possible, continuous quality management of the data collected within the defined scope of analysis is essential. In addition to providing support in the collection of primary data, Planetly’s software also helps to identify and avoid sources of error by providing industry comparison values.
The so-called “company inventory of relevant emission-emitting entities and activities” should be continuously checked and updated in order to determine the most accurate carbon index possible.
The results of your carbon analysis are then presented in a GHG-compliant report. Besides the final carbon footprint, the deployed methodologies and used sources are also documented here.
In accordance with the GHG accounting principles of relevance, completeness, consistency, transparency and accuracy, it is particularly important to explain
- for which parts of your organisation the footprint was calculated
- which scope of the footprint has been determined
- which calculations were performed with which assumptions
- which carbon footprint activities are not yet reported and why they are not included
All these aspects are covered in the final report created by Planetly. The report also highlights once again the breakdown of your corporate carbon footprint, where your emission hotspots are and give indications for impactful reduction measures.
External validation of your carbon footprint
We provide companies that want to demonstrate even more credibility with the option of letting an independent auditor confirm the exactness and completeness of the Planetly Corporate Carbon Footprint analysis.
Among others, Planetly collaborates with TÜV Rheinland, who, as an external auditor, checks the input data, calculation logic, emission factors used and the final results of our carbon analyses.
- All-in-one solution: analyse, reduce and offset emissions and tell the world
- Cutting-edge technology: smart features, advanced analytics & industry benchmarks make your carbon management easier and actionable
- Leading methodology: fully compliant with leading standards such as the GHG Protocol, the GLEC framework, Global Reporting Initiative (GRI) & Science-Based Targets Initiative (SBTi)
- Industry experts: highly qualified climate experts can't wait to guide you on your journey
Are you ready to get started? Reach out to us today to see our software in action.