![]() ![]() The data can be used for: Creating an emission reduction strategyīusinesses that worked with Radicle to calculate their carbon footprint achieved 24% emission reductions on average. “There’s a whole range of potential ways you'll need to use that data going forward,” Sheehan says. But many other benefits come from measuring your carbon footprint. The most obvious benefit is the fact that you’re helping to save the planet. What are the benefits of measuring your carbon footprint? “It’s amazing how many SMEs are stepping up and including scope three, even though it’s not required,” Sheehan says. Many businesses include it too as a way to act more sustainably and be more transparent. material use, waste, business travel, staff commuting with vehicles not owned or controlled by your company)Ĭompanies are required to report all emissions that fall under the first two scopes. electricity, heat, cooling) Scope 3Īll other indirect emissions (e.g. Indirect emissions from energy bought by your company (e.g. vehicles, furnaces, boilers, equipment) Scope 2 ![]() Under the GHG Protocol Corporate Standard and ISO 14064, emissions are broken down into three categories, known as “scopes”: Scope 1ĭirect emissions from sources controlled or owned by your company (e.g. Another option is ISO 14064, which is an ISO-adapted version of the GHG Protocol Corporate Standard. Radicle’s Climate Smart program uses the GHG Protocol Corporate Standard-the oldest and most commonly used method. Various standards exist that detail how a business can credibly measure and report its carbon footprint. That works out to about 165 tonnes per business on average. Canada’s 1.2 million small and medium-sized enterprises (SMEs) produce an estimated 200 million tonnes of CO 2e per year, according to Radicle’s calculations. ![]() Seven greenhouse gases covered by the Kyoto Protocol are typically measured, including carbon dioxide (CO 2), methane and nitrous oxide.Ī company’s carbon footprint is measured in tonnes of carbon dioxide equivalent (CO 2e). Growth & Transition Capital financing solutionsĪ carbon footprint is the total amount of greenhouse gases an organization contributes to the atmosphere. Kauffman Fellows Program Partial Scholarship Venture Capital Catalyst Initiative (VCCI) Industrial, Clean and Energy Technology (ICE) Venture Fund ![]()
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