Carbon Management Solutions

Generally, there are 3 types of carbon emissions categorized as Scope 1, Scope 2 and Scope 3 applicable to all kind of industries. Basically, if an organisation or company owns the source of carbon emissions (direct) which are occurring then it falls under Scope 1 emissions (Ex: emissions associated with fuel combustion in boilers, furnaces, vehicles).

Scope 2 emissions are indirect emissions when organization do not own the source of emission but using the products/services provided like purchase of electricity or any other energy type (steam, heat/cooling) still it is important to consider the fact that emissions are still occurring at the facility of organization/company.

Scope 3 emissions which are not directly linked with organization/company but have significant impact upon the value chain. They also can be described in value chain terms as upstream and downstream activities. Examples of upstream Scope 3 emissions sources are; business travel by means not owned or controlled by an organization, waste disposal and purchased goods & services.

Yes, most widely known standard for calculation and certification of Carbon Emission is ISO 14064 (Greenhouse Gas Emissions) under which direct and indirect carbon emissions (certainly, Scope 1, Scope 2 and Scope 3 emissions are no distinguishable). Whereas ISO 14067 for product level carbon foot printing includes “Life Cycle accounting” and “Scope 3” emissions for corporate supply chain. Besides this there are international standards such as CDM, Gold Standard, Verra and GCC to verify and certify carbon emissions.

Carbon offsetting is to compensate own emissions, where producer can pay in terms of carbon credits in order to reduce GHG emissions somewhere else (purchaser on the other end), Hence the overall GHG emissions get reduced (Compliance and Voluntary basis both included).

There are few standards available for Net Zero/ carbon neutrality certification. One of the most adopted one is PAS 2060 standard which specifies a four-stage process to demonstrate carbon neutrality. This involves:

• Assessment of GHG emissions based on accurate measurement data
• Reduction of emissions through a target-driven carbon management plan
• Offsetting of excess emissions, often by purchasing carbon credits
• Documentation and verification through qualifying explanatory statements and public disclosure