Session 5 explains the Carbon Accounting methodology: definitions of scope 1, 2 & 3, emissions factors and volumes of activity.
It develops the strategic interest of Carbon Accounting for companies, as it measures the physical flows and market conditions necessary for company operations.
Session 5 presents the Net Zero Initiative and differentiates CO2 emissions from Avoided Emissions and Captured CO2, and stresses the irrelevance of subtracting them from each other.
Collecting a company's data can represent a significative time investment.
1. List: the emission sources by scope.
2. Multiply: the Emission Factor by the Activity Volume for each source.
3. Add: the emissions of all sources
Scope 3 represents the largest scope for most business activities.
Scope 3 over 90%: Banking, Retail, Software & Services, Real Estate.
Scopes 1+2 over 50%: Extraction, Passenger Transportation, Energy.
1. Reduce Internal Emissions: Induced emissions
2. Reduce Third-Party Emissions: Avoided emissions
3. Develop Carbon Sinks: Negative emissions
Subtracting Induced, Avoided and Negative emissions makes no physical sense.
