By quantifying a company's total greenhouse gas emissions, the carbon footprint offers a comprehensive view of its climate impact and contribution. It offers also pinpoints opportunities and identifies priority areas for emission reductions.
Calculating a carbon footprint requires :
Data collection
Gathering information on energy consumption, raw materials, finished products, and waste.
Emissions calculation
Using appropriate methodologies to convert this data into GHG emissions.
Results analysis
Identifying the main emission sources and developing effective reduction strategies (World Resources Institute, IBM - United States).
Reference standard
Product carbon footprint : The total GHG emissions and removals associated with a product's life cycle, expressed in CO2e, focusing solely on climate change impacts.