What is Carbon Accounting and its Validation and Verification
What is carbon accounting and its validation and verification
Carbon accounting, also known as greenhouse gas accounting, refers to the process of measuring the total amount of emissions of primary Kyoto Gases, i.e., carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs), sulfur hexafluoride (SF6), and nitrogen trifluoride (NF3) from any product, organisation, or individual, in terms of CO2e. These emissions are a result of activities such as chemical processing, refrigerants leakage, electricity, heat, business travel, purchased goods and services, capital goods, etc.
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Validation is the confirmation of a claim through the provision of objective evidence, that the requirements for a specific intended future use or application have been fulfilled. This step involves reviewing and confirming that the data sources, methodologies, and assumptions used in calculating emissions are appropriate and reliable. It helps ensure that the calculation is based on sound and credible information.
Verification is the confirmation of claim through the provision of objective evidence, that specified requirements have been fulfilled (confirmation of truthfulness). It is an independent assessment to confirm whether the reported carbon footprint data accurately represents the actual emissions. This adds an additional layer of credibility and trust to the reported carbon footprint.