Carbon Footprint: what it is and how to calculate your company’s
Investing in sustainability is a strategic imperative for every company. First and foremost, it is crucial for preserving life as we know it. But it is also a matter of market positioning. Taking actions to reduce the environmental impact caused by your activities positions your organization favorably in the market and often facilitates access to government subsidies and support” for a more direct and concise statement.
If your company doesn’t already have a project focused on environmental preservation, now is the perfect time to start. And it may be simpler than it sounds. Understanding your business’s carbon footprint is the initial step to determine where to begin implementing efficient and impactful actions for the benefit of all.
What is a carbon footprint?
A carbon footprint is a measure of the atmospheric emissions of greenhouse gases (GHGs) that contribute to climate change, impacting ecosystems worldwide. It can be calculated at various levels, ranging from an individual’s footprint to that of organizations and entire countries.
The carbon footprint includes gases such as carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), chlorofluorocarbons (CFCs), ozone (O3), and even water vapor. These gases are emitted as by-products of various activities, ranging from transportation to the production process and the disposal of materials.
In this context, certain market segments, such as energy, industry, and transportation, are recognized for generating larger carbon footprints. For example, in countries like the European Union, the USA, and China, the majority of emissions stem from energy and heat production, whereas in Brazil, they predominantly result from agricultural activities.
Calculating your company’s carbon footprint
There are many online calculators available to help your organization calculate its carbon footprint. For instance, the 2030 calculator, aligned with the UN’s Agenda 2030, was developed specifically to assist companies in determining their carbon footprint. It is the result of a partnership between the United Nations Framework Convention on Climate Change and a Swedish FinTech company.
More comprehensive than other calculators found online, it requires specific information that varies based on your company’s business segment (education, industry, consulting, etc.). For industrial sectors, the required data includes:
- Individual product registration (weight, product type, code);
- Detailing of product parts (material type, quality, weight, supplier location, mode of transport)
- Packaging information;
- Average energy consumption per industrial facility;
This calculator is a valuable tool for your company to visualize the environmental impact of its operations and develop actions to mitigate it. However, it is essential to note that for a more sophisticated and comprehensive analysis of your organization’s carbon footprint, it is necessary to have precise and more comprehensive data about your business activities and utilize additional tools for processing.
Are you aware that you can utilize MyABCM to calculate your carbon footprint? This software offers flexibility and can integrate with an organization’s various systems. It can be configured to employ CO2-eq (carbon dioxide equivalent) as the unit of measurement, enabling precise and automated tracking of the carbon footprint.
From this information, it is possible to develop methods not only to reduce emissions but also to safely enter the carbon credit market and put in place compensatory actions to help minimize the organization’s carbon footprint.
Sustainability as a catalyst for growth
The carbon footprint is a vital metric for companies to comprehend the environmental impact of their activities and implement sustainable measures. This in-depth analysis enables the exploration of opportunities in the carbon credit market and the pursuit of compensatory actions, ensuring operations with reduced environmental impact and a favorable market position, with enhanced prospects for government support and the establishment of a significant competitive advantage.
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