EMITWISE 1

The business benefits of

carbon accounting

Profitability and sustainability

coexisting in a post pandemic world.
2 THE BUSINESS BENEFITS OF CARBON ACCOUNTING EMITWISE 3

Covid-19 has forced many companies to change the way they

operate. It’s been a dramatic test to the resilience of many
businesses and the global economy. If we were to glean a Scope 1: Total Control Scope 2: Less Control Scope 3: Limited Control
positive, it’s the 7% reduction in carbon emissions. But it begs Known as direct emissions, these Called indirect emissions, these are These are the wider-reaching
the question, can businesses and sustainability coexist? This are emissions from activities owned
or controlled by an organisation.
associated with an organisation’s
consumption of electricity, heat,
emissions caused by the value
chain of business operation.
report outlines ten business benefits of tackling emissions. Examples include emissions from steam and cooling. They are a Examples are business travel or the

Spoiler alert: the key to success is in seeing carbon accounting combustion in owned or controlled
boilers, furnaces and vehicles; and
consequence of an organisation’s
activities or choice of supplier,
transport of goods to or from a site.
Or the sourcing of raw materials,
as more than a tick box exercise. emissions from chemical production but occur at sources the business development of product packaging
in owned or controlled process does not directly own or control. and the disposal of waste. Scope 3
equipment. Examples would be air-conditioning emissions also include the lifetime
and electricity use for lighting, lifts emissions of sold products. Car
and IT equipment. manufacturers, for example, must
account for the emissions of each
An introduction to not just a stick to beat big business But as management guru Peter car when it is in use.
carbon reporting with, but a shift towards a more Drucker famously said, “You can’t
sustainable, efficient, productive manage what you can’t measure”. Carbon accounting identifies the size, scale and significance of each
The impact COVID-19 has had and – most importantly – profitable The first step in the new, lower- scope. Companies can influence all three, and while their responsibili-
on our lives, and the planet is way of doing business. carbon world is carbon accounting. ties are explicit in one and two, scope three produces on average 5.5 x
unprecedented. Social distancing, the carbon emissions. Measuring and reporting emissions data is the
coupled with a dramatic reduction As a result, many Davos starting point for tackling all three.
in economic activity, has caused commentators predicted that the What is carbon
global carbon emissions to S&P 500 ESG Index, designed accounting?
plummet. Pictures of fish returning to measure the performance of
to Venetian canals and satellite securities meeting sustainability Carbon accounting is pretty self-
imagery of clear skies over criteria, will be joined by other explanatory- in it’s simplest form,
industrial cities across China climate-aware indices and these it’s bookkeeping for greenhouse
flooded the internet. But the
question remains: will this new
will become standard. Whether
it’s through additional legislation,
gas production. However, as
companies produce emissions in a
“There are direct advantages for organisations in
low-carbon world remain once we
emerge from this crisis?
punitive carbon tax regimes
or simply a recognition that a
variety of ways, it can be laborious
to source, sort and analyse the
measuring and reporting environmental performance as
Before Coronavirus made global
sustainable, low-carbon business
is a profitable one, the ‘carbon
data from across a supply chain.
Still, as you read on, you’ll discover
they will benefit from lower energy and resource costs.”
headlines, the financial impact correction’, as some analysts have why it’s not only necessary to do
of climate change dominated called it, is coming. so but beneficial too. Source: Defra and BEIS
discussions at 2020’s World
The SECR (UK), and other global
Economic Forum in Davos. The Many companies have already
carbon accounting frameworks
recognition by some of the world’s started on that journey. Microsoft
break emissions into three ‘scopes’.
economic masterminds that declared its target to be carbon
climate change equates to financial negative by 2030 and to remove its
risk for the world economy has historical carbon emissions by 2050.
taken climate risk analysis from a Amazon wants to be carbon net zero
specialism into the mainstream. by 2040, while Starbucks announced

Many countries, including the

plans to become resource positive
when it comes to carbon, water and £55bn 70%
UK, have made carbon reporting waste. In fact, in less than a year, The UK savings The percentage of
mandatory, not only for listed there’s been a three-fold increase in opportunities associated millennials choosing
companies but other large companies committing to net-zero with low-cost resource employment on a
businesses too. And there’s a by 2050. efficiency activities company’s environmental
growing appreciation that this is Source: Defra agenda
Source: Fast Company
4 THE BUSINESS BENEFITS OF CARBON ACCOUNTING EMITWISE 5

“COMPANIES THAT STEP FORWARD AND

VOLUNTARILY DISPLAY THEIR EMISSIONS IN
AN ATTEMPT TO REDUCE THEM WILL BENEFIT
FROM A STRONGER PUBLIC PERCEPTION.”

$715bn
The total value of
impact investments
88%
Of consumers expect
made in 2019 brands to help them
Source: Financial Times
be more sustainable
Source: Forbes

75%
Of Unilever’s growth
stems from their
70% sustainable brands
Source: Unilever
Of customers would
pay an extra 5% for a
greener product 11,900
Source: McKinsey The number of
UK companies
5.25% legislatively
affected by

£4,875
The average decline in SECR
scope 1 and 2 emissions Source: Carbon Trust

from FTSE350 firms from

per million turnover,
2017 to 2018
saved by SME’s annually
Source: Mazars
from introducing
an environmental
management system
Source: DEFRA
6 THE BUSINESS BENEFITS OF CARBON ACCOUNTING EMITWISE 7

that reaching net zero greenhouse

The business benefits of Cost gas emissions by 2050 will cost Point of CARBON ACCOUNTING ENABLES
carbon accounting saving less to the global economy than not difference
reaching net zero. BUSINESSES TO REDUCE COST
In the UK and Europe, a form There are direct advantages What might drive a business to
of carbon accounting has been for organisations in measuring And it’s not just cost savings per se. start carbon reporting – typically AND STRENGTHEN THEIR
mandatory for listed and other environmental performance and An in-depth understanding of your legislation – but that’s often
large businesses for some time. taking steps to improve on it. One organisation’s carbon emissions, not the reason it improves its FINANCIAL RESILIENCE.
SECR is the current framework. such benefit is financial, significantly together with taking steps to carbon reporting. A study from
However, the UK announced when lowering energy usage and reduce them, increases your supply professional services firm WYG Source: Deloitte
in late 2020 that by 2025 all scrutinised resource costs. Simply chain resilience. And, therefore found that sales and marketing
reporting must be TCFD compliant, put, understanding where you mitigating the adverse effects of opportunities are often important
a much more rigorous set of generate emissions is the first step climate change on global supply secondary drivers.
recommendations. to reducing them and saving money. chains that to remedy would lead year, amounting to over $10 trillion
to significant expenditure. Also Detailed carbon reporting can worldwide. By carbon accounting, Talent recruitment
But carbon accounting can At a time when many companies minimising the scrutiny and quelling create market differentiation, and reducing emissions, and retention tool
be much more than a tick box are particularly cost-conscious, due concerns of investors looking for setting an organisation apart organisations can take a slice of
exercise. There are numerous to repercussions of the Corona- resilient investments- but more on from its competitors. But it’s not the lucrative public procurement Sustainability is high on the wish
advantages to enjoy. virus pandemic, a green recovery that in a minute. just potential customers who pie. list for millennials when seeking an
could be a great option. Savings are attracted by this approach. employer, with nearly 40% being
from reduced energy bills or lower The evidence is clear. Carbon Investors and other stakeholders willing to take a significant pay
purchasing costs as the requirement accounting enables businesses to are increasingly demanding more cut to work for a company which
for raw materials decreases due to reduce costs in the short term while detailed environmental information PR opportunity is environmentally responsible
increased efficiency or the use of strengthening their operational and in annual reports and accounts. according to one Fast Company
recycled goods sounds appealing. financial resilience in the longer Businesses which demonstrate study. More than 70% said that
term. leadership in this area are more Climate change is not going they were more likely to choose
On a country level- the UK savings likely to have a pipeline of away. It was the main topic of to work at a company with a

70%
opportunities associated with investment in their company. conversation at 2020’s World robust environmental agenda. The
no-cost or low-cost resource Legislation Economic Forum in Davos, an majority noted that sustainability is
efficiency activities with a payback For businesses looking to expand unexpected fall out from the either important or very important
The % of turnover Unilever’s period of under 12 months is through acquisition, or to be Coronavirus pandemic, and has to them personally and that
sustainable living brands estimated at £23bn. The research Complying with the Government’s acquired themselves, there will dominated global headlines for the businesses should play a large role
account for; they grew 46% produced by circular economy SECR framework is required by also be an expectation that past 12 months. in advancing sustainability.
faster than other areas of the consultancy Oakdene Hollins for law in the UK if your organisation information about environmental
business. Defra, expanded on the cost-saving comes under the SECR guidance performance is available. The The discourse is moving from cli- In another survey, 64% of
activities- waste reduction saved (see box on page 9). And the resilience if an investment in the mate change to climate emergen- millennials said that they wouldn’t
£18bn, energy use £4bn and water legislation is not just in the UK. short and long term is paramount, cy. Companies that step forward take a job at a company that
use £1bn. The report estimated that New Zealand, Sweden and France and this scrutiny will only increase and voluntarily display their emis- wasn’t socially responsible; and
activities with a payback of greater have all enacted legislation aimed in the future. sions in an attempt to reduce them three quarters said that they’d
than one year, offered further at eliminating carbon emissions by will benefit from a stronger public take a smaller salary to work at a
£33bn in savings – creating a total 2050.

3/4
perception. They will be seen as company more aligned with their
of £55bn. organisations which genuinely values.
Meanwhile, the EU, Republic of Access to care.
The proportion of millennials That report followed a previous Korea, the Chinese province of new markets The research also shows that
who would take a pay study, which found that businesses Guangdong and the US state of A discussion around carbon millennials will work harder for a
cut to work for a socially could save £6.4bn from resource California have cap-and-trade pro- A growing number of governments emissions and what an organisation company which wears its green
responsible company efficiency measures that were grammes to help to reduce emis- have tied organisations’ carbon is doing to reduce them, also gives credentials on its sleeve. More
no- or low-cost, and with a short sions. This is a global race to net performance to their public a business new content for its than a third have given more time
payback period. Simultaneously zero, and more countries will follow procurement processes, meaning target markets, especially while and effort to a job because of their
analysis of US public firms between suit in 2020. that only those businesses which climate change is such a hot topic. employer’s sustainability agenda.
2005 and 2015, conducted by are proven to be low-carbon can In an era of greenwash, proving
academic Ashby Monk, revealed Businesses will need to monitor and bid for work. According to the what your business is doing to The message is clear. In an era
that carbon-efficient firms are report figures carefully as they will United Nations Office for Project reduce its impact, and having often depicted as being a war for
more financially successful in the be scrutinised in-depth. Services (UNOPS), an average accurate data to back up these talent, using carbon accounting
long-term. On a global level, there of 15% of GDP is spent through claims, can be powerful. as a tool to demonstrate your
is consensus among economists public procurement systems each environmental credentials will
8 THE BUSINESS BENEFITS OF CARBON ACCOUNTING EMITWISE 9

to prepare for, and ride out more

help to attract – and retain – the challenging market conditions. Access to green As long as they meet two of the R Where an organisation is a low
best recruits. High staff churn is funding and What is Streamlined following criteria: energy user, it isn’t required to
expensive. capital Energy and Carbon R More than 250 employees make the detailed disclosures
Reporting (SECR)? R Annual turnover of more than of energy and carbon
Over the last few years, the £36 million information but it must state
Carbon availability of green funding The SECR regulation is a R Annual balance sheet of more that its energy and carbon
Business taxes has grown dramatically. In 2019 renewal of the UK’s commitment than £18 million information is not disclosed for
benchmark impact investments hit $715bn, by to a greener future. It builds that reason. There are specific
While there is a consensus 2025 ESG funds will outnumber on existing carbon reduction If a business is already required descriptions of what qualifies
Any form of measurement, such as amongst economists that reaching conventional ones. There are legislation encouraging large to report under Mandatory as a low energy user but these
carbon accounting, encourages an net zero greenhouse gas emissions government grants available too, businesses to report on, and then Greenhouse Gas Reporting are typically companies who
outside-in view of a business. It’s by 2050 will cost less to the global although competition for them reduce, their carbon emissions. (MGHG) regulations, then it is consumed 40MWh or less
an opportunity to sit back and ask economy than not obtaining net is fierce. Alternatively, Lloyds also obliged to comply with SECR. during the reporting period.
why things are done in a certain zero, persuading people to take Banking Group, for example, has a Why was SECR introduced? The Government is encouraging
way and think constructively about action has been harder. It often £2bn scheme offering discounted The Government has pledged all companies to report similarly, How is the legislation monitored?
areas for improvement. seems contradictory to their short- finance to organisations investing for the UK to be net zero by although this remains voluntary. All SECR data is submitted to
term economic interests, which is in a low carbon future. 2050. SECR brings the benefits SECR currently applies only to the Companies House and made
SECR is particularly focused on
why governments use carbon taxes of carbon reporting to a broader private sector. However, companies available to the public. The
business efficiency and helping
to act as an incentive. Carbon correction may bring a shift number of stakeholders, including in the public sector will already Financial Reporting Council’s
companies understand their entire
in the availability of capital availa- businesses, encouraging them have their own carbon and energy Conduct Committee is responsible
business process. It also provides
The UK is currently part of the EU’s ble to a company. Investors could to introduce energy efficiency reporting regulations. for monitoring compliance of the
an opportunity to compare an
Emissions Trade System (ETS), a well start to penalise polluting measures to help them reduce information. If the SECR report
organisation with its competitors. If
cap-and-trade system that requires companies with a higher cost of their emissions in-line with the What do businesses have to does not meet the requirements,
a competitor has far lower carbon
big businesses to purchase permits capital and reward greener ones by UK’s goal. do? The reporting requirements it may be rejected, and a penalty
emissions output than your busi-
to emit more carbon than they are making it easier to access funding. vary depending on the type of applied for late submission.
ness, what could you do to change
allocated. Early on in Brexit discus- There is also a competitive organisation:
your approach?
sions, the UK Government declared it and productivity aim – the UK R Quoted companies: They What are the risks of non-
would impose a £16 per tonne tax on lags behind the productivity of continue to report their global compliance? Companies House
carbon if it left without a deal, replac- the rest of the G7, and there scope 1 and 2 GHG emissions will not accept accounts that don’t

50%
ing the ETS. This would ensure the is hope that through carbon in tonnes of CO2e, alongside meet the requirements of the
UK met its greenhouse gas reduction reporting, businesses will be more an emissions intensity ratio for Companies Act, and the company
Futureproofing commitments under the Climate efficient, cut costs and increase both the current and previous could be liable to a civil penalty in
Change Act. Of all companies productivity and competitiveness. period. SECR means they are addition to any action taken against
Carbon reporting helps businesses believe Covid-19 required to also report their directors (or members of an LLP).
to better understand – and It is not yet clear what the position has increased the When did it come into force? underlying global energy use
therefore mitigate – the risk climate will be at the end of this transition importance of It was implemented on 1 April for the current year. They will Where does SECR fit with other
change poses on their company, period – but one thing’s for sure, sustainability 2019. 2020 was the first year need to include information carbon reduction legislation?
it’s people and operation. Those the focus of any action will be on Source: Bain where SECR reports were on offshore energy use in the SECR coincides with the end of the
risks could be physical as a result businesses. Whether your supply required. UK and other countries. And Carbon Reduction Commitment
of climate change, or business- chain is paying carbon taxes, or from 2021, a comparison with (CRC) Energy Efficiency scheme-
related thanks to volatile energy your customers are, the more reliant Who’s affected? SECR will the previous year. Scope 3 building on, but not replacing,
and commodity prices or the a company is on carbon-intensive require an estimated 11,900 reporting remains voluntary. existing requirements. Including
R Unquoted companies and MGHG reporting for quoted

$30tln
unpredictable supply of raw industries, such as energy provided UK companies to disclose their
materials. By bringing carbon by fossil fuel providers, the greater energy and carbon emissions. LLPs have to disclose energy companies, the Energy Saving
emissions higher up the corporate the cost to the business in the This is a far greater number and carbon information in their Opportunity Scheme (ESOS),
agenda, businesses can shine a future. The total value of than those required to act under accounts and reports. Including Climate Change Agreements (CCA)
light on areas which have had little global sustainable previous legislation. UK energy use, associated Scheme, and the EU Emissions
scrutiny to date and become more investment. GHG emissions, at least one Trading Scheme (ETS).
operationally resilient. Source: McKinsey Three groups of businesses are intensity ratio, accompanied
affected: by the previous year’s figures.
At the same time, carbon account- R All quoted companies Alongside this, information
ing, and the associated reductions R Large unquoted companies about energy efficiency action Further information:
in emissions, helps businesses R Limited Liability Partnerships taken in the organisation’s Click here
to become ever more resource (LLPs) financial year.
efficient and lean, enabling them
10 THE BUSINESS BENEFITS OF CARBON ACCOUNTING EMITWISE 11

How to start your carbon have to be complicated. Try these ➎ Report on your findings.
reporting journey easy steps: Set out the methodology
Contributing to Benefits for small you have used to collect the
carbon reduction businesses Carbon Carbon accounting can ● Determine the boundaries data; provide trends in the
be a messy, time-consuming of your organisation. For data (if you have them at an
Climate change first became headline Although the SECR legislation and labour-intensive process. businesses which own 100% early stage); set out progress
news more than 30 years ago, only currently applies to large It requires the, often manual, of the assets they operate, against targets; and link your
however, it’s taken three decades organisations, there is substantial collection of a vast amount this will be straightforward environmental performance to
for scientific evidence that this is a evidence that small and medium- of primary data. The carbon – you would report on the your financial one. Identify the
man-made problem to be accepted. sized businesses (SMEs) can accountant talks to the impacts of everything you risks and opportunities from
2020 has seen a significant increase gain similar business benefits by procurement manager to find own and operate. It may be your ecological impact and set
in the number of companies looking following its principles. Although out how much gas they have more convoluted if entities are out how you are managing that
to reduce their carbon impact. SMEs make up 99.9% of all purchased. The carbon accountant part-owned, or owned but not risk.
enterprises in the UK and provide asks the facilities manager for operated, and vice versa.
It’s important to understand that almost 60% of private sector data on on-site electricity spend ➏ Put together an action
carbon isn’t the only important jobs, very few hold a certified and talks to the fleet manager ➋ Decide the period for which plan. This should include
sustainability metric, but it is a environmental management system about vehicle mileage. Finally you should collect data. environmental KPIs which
critical starting point and is one of or measure their carbon emissions. they convert the electricity or Reporting periods should are directly linked to financial
the most widely requested perfor- fuel expenditure data into the be for 12 months running in performance. For example,
mance indicators. By automating Another study by WYG found that all-important CO2e number. conjunction with your financial if you reduce your carbon
and digitising the way companies introducing an EMS cost £1,362 per This is then replicated for every year, making it easier to emissions by 1%, what impact
measure, record and report their £m turnover but generated an av- accounting element. compare the two. does that have on cost savings
carbon footprint, the more time and erage annual cost saving of £4,875 and profitability? Creating KPIs
tools they have to tackle carbon per £m of turnover, resulting in a There are a number of risks from ➌ Understand the key of this nature, moves carbon
hotspots and reduce emissions. three-month payback period.[18] this approach. It’s manual; the environmental impacts reduction from being just the
collection of raw data is dependent of your organisation. By focus of the sustainability team
While the business focus of carbon Just over a third of SMEs also on interdepartmental conversations looking holistically at all your to a board-level issue affecting
accounting is often on financial brought in new business as a and hinges on the constant organisation’s operations, the future performance of the
metrics, the substantial reduction result, quoting an average value availability of the data in the first assess where you create business.
in carbon emissions has a clear of £14,961 per £m turnover in the place; and it also trusts that the the most direct and indirect
environmental benefit. year following certification. Energy, accountant knows the business emissions. This will typically be
raw materials and business travel operation intimately. in the following areas: GHG’s,
delivered the highest cost savings water, waste, materials and

£16
In 2019 Mazars and Emitwise
published a report proving that together with waste to landfill. Under SECR and Defra reporting resource efficiency, biodiversity/
carbon reporting reduces emis- The study also showed that the guidelines, this approach to carbon ecosystem services and
The amount per tonne sions. Its analysis of the 2017 and SMEs made an average cumulative accounting cannot continue and emissions to air, land and water.
that the Government 2018 year-end directors’ reports of saving in CO2e of 38.9 tonnes per the Government is calling on
declared it would the FTSE350, showed an average £m turnover. companies to: ➌ Start measuring. This could Conclusion
impose on carbon if it decline of 5-6% in the total scope 1 initially be a manual process
left the EU without a ● Implement systems, processes but should move towards The Covid-19 pandemic has shown
and 2 emissions.
deal last October. and controls that will ensure being automated and digitised us that changes can make an
Source: UK Government the reliability of primary data. to integrate seamlessly immediate difference to climate
● Integrate the management with your other reporting change. Until now, the discourse
of emissions with business processes. around carbon accounting has
operations to ensure the primarily been about doing the
relevance of collated data. Measurement could be around right thing for the planet, to help to

47% ● If data is to be mappable

and accreditable to different
sectors of a business’
•
•
the following areas:
Amount of emissions
Financial significance
mitigate the climate crisis.

While that remains true – action

Of online shoppers
operation, then integrated • Potential ability to influence from individuals, businesses
have stopped
internal systems should be impacts and governments is needed
purchasing from
created. • Importance to your business urgently – the business benefits
brands that violate
• Importance to stakeholders of carbon accounting make this a
their personal values.
Source: Business Insider
But starting to measure and report clear business imperative, and a
your carbon emissions doesn’t profitable one.
12 THE BUSINESS BENEFITS OF CARBON ACCOUNTING EMITWISE 13

CASE STUDY
“IN AN ERA OFTEN DEPICTED AS
BEING A WAR FOR TALENT, USING
CARBON ACCOUNTING AS A Packaging efficiency
at retailer IKEA
TOOL TO DEMONSTRATE There are numerous examples

YOUR ENVIRONMENTAL of organisations using carbon

accounting to identify emissions

CREDENTIALS CAN HELP TO

hotspots – areas of the total value
chain that are associated with
significant energy or GHG emissions
ATTRACT – AND RETAIN – regardless of these being obvious
areas of consumption – and
THE BEST TALENT.” developing new systems, processes
and tools to target reduction.
Source: Deloitte
According to Chalmers University
(2008) global retailer IKEA identified
that many of their low value
products use excessive space on
containers, and therefore per item
transportation emissions were high.

One example is a small tealight

candle that was originally packaged
in loose bags resulting in much of
the volume on the freight carrier
taken up with air.

By refining the packaging and

creating a more rigid tight-packed
system, the load was increased
30%, reducing 42,000 pallets
worldwide.

This results in 400 fewer 40-ft

containers on the roads, as well as
reduced consumption of packaging
materials as an unforeseen added
benefit.

42,000
The number of pallets
reduced worldwide
13%
The % of the UK’s annual greenhouse gas
emissions that could be saved by businesses
2050
implementing no-cost or low-cost resource The date by which the UK Government
efficiency activities plans to achieve net zero carbon
Source: Mazars
14 THE BUSINESS BENEFITS OF CARBON ACCOUNTING EMITWISE 15

The history of carbon reporting

Carbon reporting is nothing new. SECR will be added to a raft of other programs including
the Climate Change Levy and Mandatory Greenhouse Gas Reporting.
Future-proof your business for
a zero-carbon world.

Emitwise’s unique AI technology empowers businesses to automatically

2001 2001 2005 2007

measure, report and reduce their carbon footprint across their operations
and supply chain, future-proofing companies for a zero-carbon world.
Greenhouse Gas (GHG) Launch of the Climate The EU’s Emissions Trade Launch of world’s first
Protocol publishes its Change Levy (CCL), a tax System (ETS) begins, the carbon footprint label
corporate standard, now on energy delivered to first large greenhouse gas allowing companies
considered the gold non- domestic users with emissions trading scheme to provide third party
standard for corporate the aim of reincentivising in the world. It acts as a assurance of carbon
emissions measurement energy efficiency cap-and-trade system which measurement, reduction
around the world and carbon emission requires big businesses to and neutrality claims.
reductions. purchase permits to emit
more carbon than they are
allocated for free

2007 2008 2011 2012

Launch of the Carbon Launch of the Carbon GHG Protocol publishes The UK coalition
Reduction Commitment, a Trust Standard for Carbon the Corporate Value government announced the
mandatory cap and trade to provide a robust, Chain (Scope 3) and introduction of mandatory
scheme in that applies to objective and consistent Cycle Standards which carbon reporting, requiring
large non-energy-intensive methodology for assessing help businesses evaluate all UK companies listed
organisations in the public corporate carbon the indirect emissions on the London Stock
and private sectors. Now performance. associated with their value Exchange to report their
known as the CRC Energy chains greenhouse gas emissions
Efficiency Scheme. every year

Cutting-edge AI technology. Roadmap to net zero. Sustainability and profitability.

We provide the only solution Our platform gives sustainability Our industry-leading technology
that enables companies to teams the time and tools to helps companies become
fully automate their carbon swiftly identify and tackle carbon sustainability leaders and reap
accounting across all business hotspots, focus on planning cost- the business benefits, by aligning

2013 2014 2019 2019

units and suppliers, using artificial effective strategies to achieve their business with global climate
intelligence to track emissions in emissions targets, and win the targets, maximising operational
real time with precision. support from business units and efficiencies, and mitigating carbon
Launch of the current Climate Launch of the Energy Carbon Reduction Streamlined Energy and
suppliers. risk across their supply chain.
Change Agreement (CCA), Savings Opportunity Commitment (CRC) Energy Carbon Reporting (SECR)
a voluntary agreement Scheme (ESOS) which Efficiency Scheme ends comes into force
allowing businesses in high requires all large businesses
energy industries to receive in the UK to undertake
a discount on the Climate
Change Levy (CCL) that they
pay. Organisations with a CCA
mandatory assessments
looking at energy use
and energy efficiency
2020 We are carbon accounting and technology experts,
backed by top Silicon Valley investors and trusted by leading
will measure and report energy opportunities at least once Net zero pledges double in a global businesses.
use and carbon emissions every four years year. The UK and countries
against agreed targets over across the world, see the
four, two-year periods. The promise of new reporting
current scheme runs until regulations by 2025.
2023
16 THE BUSINESS BENEFITS OF CARBON ACCOUNTING

160 Old Street

London EC1V 9BW

www.emitwise.com