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This pathway will walk us through the basics of banks, starting with some of the different types and their main functions, then starting to look at the regulation faced by the banks, both before and after the Global Financial Crisis.

Greenwashing

Greenwashing is the act of distributing false information about something being more environmentally friendly than it actually is.

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Tackling the Cost of Living Crisis

In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy.

CSR and Sustainability in Financial Services

In the first video of this two-part video series, Elisa introduces us to sustainability. She begins by looking at the difference between sustainability and corporate social responsibility, two terms that can be easily confused.

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Featured Pathways

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Banking Essentials - Part I

This pathway will walk us through the basics of banks, starting with some of the different types and their main functions, then starting to look at the regulation faced by the banks, both before and after the Global Financial Crisis.

Greenwashing

Greenwashing is the act of distributing false information about something being more environmentally friendly than it actually is.

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Ready to get started?

Plans & Membership

Our Platform

Expert led content

+1,000 expert presented, on-demand video modules

Learning analytics

Keep track of learning progress with our comprehensive data

Interactive learning

Engage with our video hotspots and knowledge check-ins

Testing & certification

Gain CPD / CPE credits and professional certification

Managed learning

Build, scale and manage your organisation’s learning

Integrations

Connect Finance Unlocked to your current platform

Featured Content

More featured content

Tackling the Cost of Living Crisis

In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy.

CSR and Sustainability in Financial Services

In the first video of this two-part video series, Elisa introduces us to sustainability. She begins by looking at the difference between sustainability and corporate social responsibility, two terms that can be easily confused.

More featured content

Book a demo

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Introduction to Carbon Accounting

Introduction to Carbon Accounting

Sam Hope

5 years: Carbon Markets

Carbon accounting means a company can quantify its climate impact and create targets. Join Sam Hope as he explores what carbon accounting is and the frameworks for best practice.

Carbon accounting means a company can quantify its climate impact and create targets. Join Sam Hope as he explores what carbon accounting is and the frameworks for best practice.

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Introduction to Carbon Accounting

9 mins 58 secs

Key learning objectives:

  • Define carbon accounting

  • Understand why you should report your emissions

  • Identify the accounting standards for reporting carbon emissions

  • Outline the guidelines for communicating effectively

Overview:

Carbon accounting refers to measuring and reporting the amount of greenhouse gas emissions being released by an organisation into the atmosphere. This allows a company to quantify its climate impact and create measurable key performance targets. Greenhouse gases are recorded in terms of carbon dioxide equivalent (CO2e). For a company to reduce its emissions, it first needs to understand where emissions are generated within its operations, otherwise the company will not be able to identify their carbon intensive areas of operations. There are three primary standard-setting bodies for carbon accounting: Greenhouse Gas Protocol, the BSI and the ISO. The next step is communicating your efforts effectively, for which there are guidelines, such as the CDP and SBTi.

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Summary

What is carbon accounting? 

Carbon accounting refers to measuring and reporting the amount of greenhouse gas emissions being released by an organisation into the atmosphere. This allows a company to quantify its climate impact and create measurable key performance targets. AGreenhouse gases are recorded in terms of carbon dioxide equivalent (CO2e).

Why should a company report their emissions? 

For a company to reduce its emissions, it first needs to understand where emissions are generated within its operations, otherwise the company will not be able to identify their carbon intensive areas of operations. Various governments now require companies and industries to disclose their emissions. A directive by the European Commission has mandated certain companies meeting a set of criteria to report their emissions by 2028. Then we have the Corporate Sustainability Reporting Directive setting the standard which will impact nearly 50,000 companies in the EU. There is also a UK equivalent, the Streamlined Energy and Carbon Reporting (SECR). 

What are the accounting standards for carbon emissions reporting? 

Greenhouse Gas Protocol

The Greenhouse Gas Protocol sets out the guidelines for companies and other organisations to prepare their GHG emissions reporting. The objective of this body is to create clarity on the requirements for entities engaging on the voluntary carbon market.

BSI PAS 2060

BSI PAS 2060 is the international standard defining the guidelines for reporting carbon neutrality. Using many of the GHG principles of accounting, the PAS 2060 guidelines detail the process of reporting and how offsetting can be applied to meet certain achievement milestones on the net zero journey. BSI PAS 2060 provides the basis of the measure, reduce, mitigate and communicate pathway for businesses to follow.

ISO 14060 Family

The International Organisation for Standardization (ISO) is a worldwide federation of national standards bodies. Technical committees prepare standards such as the ISO 14060 family of standards. The ISO 14060 family provides clarity and consistency for quantifying and validating or verifying GHG emissions to support sustainable development through a low-carbon economy and to benefit organisations worldwide.

What are the guidelines for communicating your carbon reporting effectively? 

CDP

Considered the gold standard for environmental disclosure, the CDP is a not-for-profit charity that runs a global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. The CDP encourages companies, cities and other authorities to disclose their emissions for a number of reasons. For corporations, the advantages are to increase transparency in reporting, and to showcase their commitment to environmental action. The CDP has created a centralised database containing the carbon reporting of numerous and various entities. 

SBTi

The Science Based Targets initiative provides guidelines on the different pathways that companies can take. Their Net Zero Standard is the guiding framework for companies to set targets aimed at reaching net zero by a certain date. They also set the guidance for a number of sectors and industries. One of the key benefits of reporting emissions is to be able to communicate and inform various stakeholders. The SBTi guides on how to communicate carbon reduction pathways in line with net zero. 

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Sam Hope

Sam Hope

Sam Hope is the Senior Carbon Advisor at Plannet Zero, a tech company dedicated to developing smart carbon footprinting software for SMEs. He joins from Redshaw Advisors, an advisory firm that will help organisations clearly understand the assignment of net zero.

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