Carbon accounting

The process of measuring, tracking and reporting the total greenhouse gas (GHG) emissions of an organisation, country or project, usually expressed in carbon dioxide equivalents (CO₂e). It involves quantifying emissions from various sources, including Scope 1 (direct emissions), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions from the supply chain). Carbon accounting helps entities assess their climate impact, identify reduction opportunities and implement strategies for emissions reductions or offsetting.