While carbon accounting has been around for years, last year’s passage of the Corporate Sustainability Reporting Directive (CSRD) escalates it to a must-have capability.
Under the CSRD’s mandates, corporations must track and report the greenhouse gas (GHG) emissions that their operations generate (Scope 1 and Scope 2), as well as the GHG emissions across their supply and value chains. Organizations must also have their reports independently audited.
While the CSRD primarily affects European corporations, non-EU businesses generating at least €150 million inside the EU are also subject to the reporting requirements — so between this framework and the SEC's climate disclosure proposal, the odds are high that, even if you haven’t been tracking GHG emissions on a formal basis, you’re going to have to start soon.
Download this checklist to learn more about best practices for implementing a comprehensive carbon accounting system and getting CSRD-ready.