Industrial EPPSThe Importance of Carbon Accounting

Calculating your GHG Emissions Matters

Greenhouse Gas (GHG) emissions management and reporting have become increasingly prevalent for companies, investors, and governments around the world as countries strive to achieve the Paris Agreement target of net-zero emissions by 2050. 

 Canada has implemented several national strategies to address climate change and meet international targets, such as emissions trading schemes, carbon taxes, voluntary climate initiatives, and the adoption of frameworks such as the Canadian Sustainability Disclosure Standards (CSDS).

At Blackstone, we encourage companies to stay ahead of regulatory and financial compliance and act as a climate leader to drive corporate sustainability. 

Here’s why calculating your carbon emissions is essential: 

Key Benefits to Calculating Emissions

1. Regulatory Compliance

  • Stay Ahead of Regulations: Many jurisdictions have regulations mandating companies to report their GHG emissions. By accurately calculating GHG emissions, companies can ensure compliance with carbon regulations and avoid any potential fines or legal repercussions. To ensure your compliance obligations are met, Blackstone can help you understand how and when these regulations impact you.

2. Cost Reduction

  • Identify Saving Opportunities: Understanding your organization’s GHG emissions profile allows you to pinpoint inefficiencies in processes and operations, as well as discover opportunities for emission reduction. This can lead to significant cost savings by reducing energy and carbon consumption, improving waste management, and optimizing resource usage. 

3. Risk Management

  • Mitigate Climate Risk: There are significant risks associated with climate change for businesses. These include supply chain disruptions, regulatory changes, and physical damage from extreme weather events. Calculating carbon emissions can help companies assess and mitigate these risks to ensure long-term resilience.

4. Competitive Advantage

  • Enhance your Brand: It is no question that consumers increasingly favor environmentally conscious companies. By publicly disclosing and actively reducing emissions, companies can enhance their brand reputation and gain a competitive edge in the market.

5. Environmental Responsibility

  • Commit to Sustainability: Each company has a moral obligation to understand and minimize their environmental impact. By calculating emissions, you can identify critical areas for reducing your company’s carbon footprint and mitigate its environmental harm.

In summary, calculating a company’s emissions is essential for demonstrating environmental responsibility, ensuring regulatory compliance, reducing costs, gaining a competitive edge, and managing carbon-related risks. 

We Can Help You.

Utilizing 20 years of expertise in carbon and energy management, Blackstone Energy can provide advanced solutions to measure, track, and report your carbon emissions. Our data-driven strategies and cutting-edge technology have helped numerous organizations manage and conserve their carbon emissions. 

Take control of your environmental impact and discover how carbon accounting can drive sustainability and success for your business. Get in touch today at policyandregulatory@blackstoneenergy.com to explore the possibilities.