Identifying Emissions Sources, Mitigating Risk, and Demonstrating Environmental Responsibility
Carbon footprinting for Scope 1 and Scope 2 is an essential business process for companies of all sizes. Scope 1 emissions are the direct emissions from owned or controlled sources. Scope 2 emissions are indirect emissions from the generation of purchased energy. The benefits of accounting for GHG emissions are to improve environmental performance, comply with regulations, drive cost savings, and share the responsibility with the supply chain. Companies may also see an enhanced reputation, increase in consumer loyalty, investor interest, and employee engagement.
Canopy Edge Engagement Framework: Scope 1 and 2 GHG Footprinting
Initiate
- Identify key stakeholders
- Data collection
- Select target-setting approach
- Identify emissions sources
Process
- Calculation
- Documentation and verification
- Address gaps and uncertainties
- Quality control ensures accuracy and data is auditable
Outcome
- Final report delivery
- Executive presentation
- Disclose assumptions and limitations
- Review, feedback, and roadmap