If you’re here, you probably had a little surprise dropped in your lap – your boss, a client, or both – now need your company to report its impact on the climate and they’re expecting you to provide a report on it soon. Perhaps you’re a B Corp, and you just learned about the need to report your emissions every year and to reduce them by 50% by 2030, but you’re not even sure what your company’s emissions are now.
That’s stressful. You care about the climate and you want to do a good job, but this feels easy to screw up. The language is confusing and technical, the data entry requirements seem excessive, and you’re not really sure that you’re going to be able to figure it out in time to meet the requirements.
Well, you are not alone and thankfully, there are a few choices for you to consider that can make it a little easier to discover and report your climate accounting. Here is a list of three different categories, each with a few options that other people like you have used and their strengths and weaknesses:
Probably the first thing you thought about – who can do this and what would it cost? This is what most companies have done historically. The price can vary significantly, but you will have someone to speak with and walk you through the process. There are too many options to list, but they do fall into two broad categories:
a. Boutique consultants: These are the people who have specialized in climate and care about it deeply enough to start a company about it. Your friend in the biz!
b. National consulting agencies: Brand name organizations like Bain & Company or PwC.
You’ve done scary things before, you’re smart, and you can figure this out! You will need to start by learning about scope emissions, start reading about the Greenhouse Gas Protocol, and make sure you’re familiar with what exactly you need to report. There are some free tools that help with this, too!
a. The US EPA’s Simplified GHG Emissions Calculator. A downloadable spreadsheet with a lot of the built-in conversion factors built in, this is actually a really great option, courtesy of Uncle Sam!
b. Cool California: Online carbon emissions calculator from the good folks at the California Air Resources Board.
c. SME Climate Hub. An initiative of big companies and reporting standards to list smaller companies that care about climate. Has an okay carbon calculator.
If you have been reading through this list wondering if solutions have evolved beyond what would have been done last century, you’re right and there is an absolute plethora of digital choices for you to choose from. Consider what is important to you – are you looking for specific features, industry relevance, price, ease of use?
a. Enterprise climate accounting tools. Most accounting software in the space focuses on providing full feature sets to experienced sustainability professionals. Includes very well-funded, venture capital-backed companies like Persefoni, Watershed, and Sinai.
b. Small & Medium-Sized Business climate accounting tools. An important emerging niche focused on climate accounting and action for the part of the world that isn’t an enterprise sustainability professional (not so niche, is it?). Aclymate is one potential solution; another would be Sustain Life.
Whatever you choose, the MOST IMPORTANT THING is to get started. This problem will not get better with age. Most net-zero reporting standards require companies to cut their emissions by 50% by 2030, so the longer you wait, the more drastic the emissions reductions will need to be every year. Moreover, regulations are building that are expanding the requirement to report and reduce emissions every year, so this isn’t a question of if, but one of when your company will have to act. There really is no time like the present.
If Aclymate can help, please reach out!