Carbon Accounting
Understanding and managing your carbon footprint is becoming increasingly important for organisations of all sizes.
What is carbon accounting?
This is the process of producing an organisations carbon footprint, it pulls together information for numerous sources to calculate the carbon impact of an organisations activities.
There are numerous different reporting frameworks in existence which all have slightly different requirements which unfortunately makes things a bit more complicated. Some of the main regimes we help our clients comply with are listed below.
- Streamlined Energy & Carbon Reporting (SECR)
- PPN 06/21
- Science Based Targets Initiative (SBTI)
- ISO 14064 (-1, -2 & -3)
- GHG Protocol Corporate Accounting & Reporting Standard (CARS)
- PAS 2060
- Global Reporting Initiative
- Voluntary disclosures.
If the specific framework you need to comply with is not listed above, please use the contact page to speak with us directly about your requirements.
How can we help
Loreus offer consultancy support to help organisations fulfil the requirements of all the above frameworks and additional ones. We have worked with lots of different organisations helping them understand the frameowrks relevant to them, the specific requirements that creates and then undertaking the accounting to produce a verifiable footprint for publication and compliance.
At Loreus we can provide the full range of services to fulfil your carbon reporting obligations, such as;
- Production of a carbon footprint in-line with a specific framework.
- Streamlining of reporting processes to accommodate multiple frameworks
- Third party verification of your carbon footprint & report.
- Support on defensible estimation techniques and sensible assumptions to cover data gaps.
- Improvement of data collection processes.
- Scope 3 reporting.
- Development of a carbon reduction plan.
- Initial energy assessment to identify reduction opportunities.
How we work
Clients typically reach out using the contact us page to express interest in our services, we then arrange an MS Teams call learn a bit more about the specific requirements, the framework(s) they need to comply with and the ultimate goals for their carbon footprint.
Resulting from this discussion, Loreus will produce a costed proposal which clearly sets out the support we will provide and what will be required from the client. Upon agreement of this proposal we will undertake the work.
Frequently asked questions
Here you will find some of the common challenges we help our clients overcome.
“We don’t know what data we need”
This depends on the framework you are complying with, we can help identify the information required and potential sources for each category of data.
“Our data is incomplete or inconsistent”
This is very common, particularly when reporting for the first time. We can support the use of sensible estimates / assumptions and provide guidance to improve data quality over time.
“We don’t understand Scope 3 emissions”
Scope 3 reporting can be one of the most challenging aspects of carbon accounting. We can explain it in simple terms and develop a practical reporting approach.
“We need help understanding reporting frameworks”
There are a wide range of reporting frameworks and standards, each with different requirements. We can advise on which frameworks are relevant to your organisation and help streamline reporting across multiple frameworks as needed.
“We need carbon reporting for tenders or procurement”
Carbon reporting requirements are becoming increasingly common within both public and private sector procurement. We regularly help organisations respond efficiently and proportionately to these requirements.
“We don’t have internal expertise”
Many organisations don’t have dedicated in-house carbon accounting specialists. We provide practical support and guidance from start to finish.
“Our reporting process takes too much time”
This is a common concern, we can help streamline data collection and reporting processes or take on the reporting process on your behalf.
“We are worried our calculations won’t stand up to scrutiny”
We understand the importance of producing robust and defensible reporting. We can provide independent review, quality assurance and verification support to improve confidence in reported data.
“We need to report under multiple frameworks”
Many organisations now need to satisfy several reporting requirements simultaneously. We can help align methodologies and reporting processes to avoid duplication of effort.
“We need a carbon footprint produced quickly”
We can support organisations working to tight deadlines and provide clear guidance on realistic timescales and the level of reporting achievable within them.
“We want our reporting to support wider Net Zero goals”
Carbon reporting should provide useful information, not just fulfil a compliance exercise. We can help organisations use reporting outputs to identify opportunities for emissions reduction and support wider sustainability objectives.
About us
We help organisations achieve compliance, reduce environmental impact, and build systems that actually work day-to-day.