Glossary
Greenhouse Gas Emissions:
- Scope 1, Scope 2, Scope 3: Categories used to classify greenhouse gas emissions. Scope 1 refers to direct emissions from owned or controlled sources, Scope 2 covers indirect emissions from purchased electricity, and Scope 3 includes indirect emissions from the entire value chain.
- Carbon dioxide equivalent (CO2e): A standardized unit for measuring the total greenhouse gas emissions, representing the amount of carbon dioxide that would have the same global warming potential.
Carbon Accounting Software Features:
- Emission tracking: The process of monitoring and recording greenhouse gas emissions produced by an organization.
- Trend analysis: Examining patterns or changes in emissions data over time to identify long-term trends.
- Anomaly detection: Identifying and flagging unusual or unexpected variations in emissions data.
- Benchmarking: Comparing an organizations emissions performance against industry peers or established standards.
- Predictive analysis: Using data and models to make predictions about future emissions trends.
Sustainability Frameworks:
- IPCC (Intergovernmental Panel on Climate Change): An international scientific body that assesses and reports on the scientific understanding of climate change.
- SBTi (Science-Based Targets initiative): A collaboration between organizations to set and achieve scientifically informed emissions reduction targets.
- GHG Protocol (Greenhouse Gas Protocol): A widely-used accounting tool for government and business leaders to understand, quantify, and manage greenhouse gas emissions.
Emission Reduction Strategies:
- Net zero targets: Aims to balance the amount of greenhouse gases emitted with an equivalent amount removed from the atmosphere.
- Bespoke emission reduction plans: Customized plans designed to reduce an organizations specific greenhouse gas emissions.
- Renewable energy adoption: The integration of renewable energy sources, like solar or wind power, to replace or supplement traditional
energy sources. - Circular economy practices: Strategies that prioritize the reuse, repair, and recycling of materials to minimize waste.
Regulatory Compliance:
- Emissions regulations: Laws and rules set by governing bodies to limit and regulate the amount of greenhouse gas emissions.
- Legislative requirements: Mandatory measures established by government authorities to ensure adherence to environmental standards.
- Reporting standards: Specific guidelines and frameworks for reporting emissions data in a standardized manner.
Business Sectors and Industries:
- Product companies: Organizations involved in the manufacturing or production of physical goods.
- Built environment companies: Firms engaged in real estate development, construction, and infrastructure projects.
- Manufacturing plants: Facilities where raw materials are transformed into finished products.
- Commercial real estate: Properties used for business purposes such as offices, retail spaces, and industrial facilities.
Key Performance Indicators (KPIs):
- Carbon intensity: The amount of carbon emissions produced per unit of economic output.
- Emission intensity: The amount of greenhouse gas emissions produced per unit of activity or output.
- Carbon footprint per unit of production: The total greenhouse gas emissions associated with the production of a specific quantity of goods
or services.
Data Integration and Input:
- API (Application Programming Interface): A set of rules and protocols that allows different software applications to communicate and share data with each other.
- Data connectors: Software tools or modules that facilitate the transfer of data between different systems.
- Automated data feeds: Mechanisms that enable the automatic transfer of data from one system to another.
- Data standardization: The process of establishing uniform formats and structures for data to ensure consistency and compatibility.
Environmental Impact:
- Life Cycle Assessment (LCA): A comprehensive analysis of the environmental impact of a product or service throughout its entire life cycle, from raw material extraction to end-of-life disposal.
- Carbon offsetting: The practice of compensating for ones own carbon emissions by investing in projects that reduce or capture an equivalent amount of emissions.
- Environmental footprint: The overall impact an organization has on the environment, considering various factors like energy use, water consumption, and waste generation.
- Sustainable sourcing: Procuring goods and materials in an environmentally and socially responsible manner.
Operational Aspects:
- Energy consumption: The amount of energy used by an organization for various activities, including production, heating, cooling, and lighting.
- Waste management: The practices and processes involved in handling, disposing of, or recycling waste generated by an organization.
- Transportation emissions: Greenhouse gas emissions produced by vehicles used for business purposes.
Monitoring and Reporting:
- Sustainability reporting: The practice of publicly disclosing an organizations environmental, social, and governance (ESG) performance.
- Environmental disclosure: Communicating information about an organizations environmental practices, impacts, and performance.
- Emission inventories: Detailed records of an organizations greenhouse gas emissions, typically categorized by scope and source.