ACCOUNTING FOR CARBON.
- Why do we need to account for carbon?
- How do we embed carbon measurement internally?
- How do we account for carbon impacts?
- What about pricing of carbon in decision making?
ACCOUNTING FOR CARBON
These are increasingly important considerations within financial decision making. It is something Carbonbit has spent some time researching and analysing to develop our Internal Carbon Framework (ICF) which supports carbon budgeting and carbon pricing, leveraging existing systems to identify carbon reduction intervention points.
Uncoordinated approaches to organisational decarbonisation lead to reputational damage, risky and inefficient investment and missed targets.
However, getting to zero, protects from financial/investment risk, regulatory compliance and reputational damage, making carbon central and visible to your decisions, supply chains and operations. To achieve net zero targets, carbon needs to be fully embedded across your organisation and be a fundamental consideration in decision-making.
Our unique approach starts with your existing structures. We map your:
- Decision-making processes
- Reporting lines
- Accountancy procedures
- Budgetary and performance management
- Investment and asset management
By assessing how these existing structures, processes and targets work effectively already, we establish how they can be adapted and leveraged to consider carbon. Our Internal Carbon Framework approach, developed with Lancaster University researchers, details how and where carbon can be made visible and mitigated, drawing on wide ranging best practice and research from the public and private sectors and academia.
Contact us to discuss your requirements and how we can help you.