Calculating your Company’s carbon emissions
There is a trend for companies to report their energy usage and carbon emissions in a succinct manner. While this may seem straight forward on the surface, if your Company is in an industry such as oil & gas or resources, then the task can be onerous and challenging.
The challenge of reporting emissions
The nascent nature of carbon reporting means your Company should start off with a big picture view. If your company has diverse business activities, then begin with your business units and then drill down into your respective assets or facilities by business unit. Remember, given the potential complexity of your Company’s business units, it may be necessary to build a separate emissions model by business unit and then consolidate into one corporate emissions model.
Your Company’s business units may differ in complexity and type; i.e. a downstream/retail business unit selling electricity or gas, and an upstream business unit exploring and processing the raw material.
The solution to your Company’s emissions reporting is via a carbon model
As discussed, the differing operations across your Company by business unit will make a consolidated carbon reporting model appear to be a challenge. Hence it is up to you as the carbon model builder or reporting manager, to implement some uniform reporting discipline into the overall process. The following video outlines a best-practice, base carbon reporting model that can solve your Company’s carbon reporting needs.
Your Company’s first carbon reporting model
In the early stages of requesting energy consumption data from your Company’s business units, try to keep it as least onerous for your business unit data providers as possible. It is recommended to compose vanilla energy and electricity consumption, and energy production reporting templates. This will assist the data provider in reporting all energy and electricity use, and energy produced by facility and fuel type.
As highlighted, the above video demonstrates a succinct, robust and comprehensive vanilla carbon model, which can meet your Company’s reporting requirements. Evidently, over time this model can be expanded to undertake more value-adding modelling such as forecasting, sensitivity/scenario analysis and commentary.