Calculating your carbon footprint
Updated: Oct 19, 2020
First things first. What is a carbon footprint?
Carbon footprint is the overall output of greenhouse gas emission produced by your business and its operations, which contribute to climate change. Although carbon dioxide is not the only type of greenhouse gas caused by your business, it certainly has the most impact on the environment.
So, why should you care and calculate your carbon footprint?
Keeping an eye on your impacts on the environment has several benefits. From a business point of view, calculating your carbon footprint once a year will allow you to keep track of your day to day operations, which will lead to efficiency in production, and save you money on utility bills. For many, it is the steppingstone towards truly sustainable business management.
To calculate your carbon footprint, you need to take the following steps:
1. Measure the direct effect (scope 1) of your business and its assets, such as your company vehicles.
2. Calculate your indirect impact (scope 2) from products that you and your business use such as electricity, gas, water, etc.
3. Calculate the impact of your people and third party providers. This can include their trips to work, air travels, and the waste they may create while at work.
When you have gathered all the information you need, you can either use available online calculators (usually using spreadsheets) or, internationally recognised standards to achieve your goal.
Once you get an idea of what your annual carbon footprint looks like, you can work on strategies that will help you reduce your emissions.
If you need assistance calculating your carbon footprint, creating a report, or if you have any questions, the experts at Penna can help.