Once we have a clear understanding of your daily operations, we’ll begin our GHG accounting process:
Greenhouse Gas Accounting (GHG)
Track and Improve Your Energy Performance with GHG Accounting
Make your building energy-efficient, ordinance-compliant, and cost-effective
A Greenhouse Gas Inventory is a summary of the emissions that a company creates as a result of doing business. It allows a company to determine the amount of emissions it is producing, compare itself to other companies in its sector, and show the impact of reduction strategies.
Greenhouse gas accounting is performed with the end goal of reducing your business’s carbon footprint. But your carbon footprint is much more than a list of numbers and statistics. GHG inventories can help you optimize your business model, reduce energy costs, improve employee comfort, and provide accountability to investors.
For example, many corporations already require regular GHG accounting for investment accountability. Not to mention, new local and federal energy regulations will likely make GHG Accounting a requirement in the near future (more on this later)!
So, let’s take a closer look at how GHG Accounting works.
What is Greenhouse Gas Accounting?
A Greenhouse Gas Inventory is a summary of the emissions that a company creates as a result of doing business. It allows a company to determine the amount of emissions it is producing, compare itself to other companies in its sector, and show the impact of reduction strategies on its customers.
Greenhouse gas accounting is performed with the ultimate goal of reducing your business’s carbon footprint. But your carbon footprint is much more than a list of numbers and statistics. GHG inventories can help you optimize your business model, reduce energy costs, improve employee comfort, and provide accountability to investors.
For example, many corporate companies already require regular GHG accounting for investment accountability. Not to mention, new local and federal energy regulations will likely make GHG Accounting a requirement in the near future (more on this later)!
So, let’s take a closer look at how GHG Accounting works.
Our Approach to Greenhouse Gas Accounting (GHG)
We take a detail-oriented approach to GHG accounting—for us, that means factoring in your building size, business type, inventory, energy systems, and more. This allows us to create a GHG inventory that will work as a resource for your business, and as a starting point for any future work.
We divide our GHG inventories into three “scopes” in accordance with GHG Protocol guidelines.
Scope 1:
These are emissions that are directly from company-owned resources, such as vehicles and heating equipment on site.
Scope 2:
These are emissions that are produced as a result of purchased electricity. The power company burns fossil fuels to generate the power that your company consumes and Scope 2 emissions account for that production.
Scope 3:
These are emissions that come from your value chain and include categories such as your business travel, the emissions from the waste generated in your operations, and the emissions your employees create as they commute to the job site, among other categories.
Consulting & Initial Assessment
We’ll start by setting you up with one of our experienced consultants. You’ll meet our team, discuss your objectives for your GHG inventory, and begin our initial assessment of your building.
Data Collection
We’ll utilize cutting-edge energy technology, and existing system integration to measure your carbon footprint. We may perform short-term inventories, long-term inventories, or both depending on your building.
Emissions & Calculation Analysis
After the data collection period, we’ll complete a comprehensive GHG calculation and analysis. Our team will perform quality checks to ensure the data we’ve collected is accurate.
Results Presentation & Next Steps
During this phase, we’ll present charts and graphs to make sense of your GHG data. Our team will walk you through each component of your carbon footprint, the weaknesses in your energy system, and potential next steps to maximize efficiency.
GHG Reporting
We’ll deliver our GHG inventory in accordance with major reporting standards at your request.
We’ll start by setting you up with one of our experienced consultants. You’ll meet our team, discuss your objectives for your GHG inventory, and begin our initial assessment of your building.
We’ll utilize cutting-edge energy technology, and existing system integration to measure your carbon footprint. We may perform short-term inventories, long-term inventories, or both depending on your building.
After the data collection period, we’ll complete a comprehensive GHG calculation and analysis. Our team will perform quality checks to ensure the data we’ve collected is accurate.
During this phase, we’ll present charts and graphs to make sense of your GHG data. Our team will walk you through each component of your carbon footprint, the weaknesses in your energy system, and potential next steps to maximize efficiency.
We’ll deliver our GHG inventory in accordance with major reporting standards at your request.
Why is GHG Accounting Important?
As we mentioned earlier, GHG accounting is a great first step toward energy efficiency and cost savings—and soon, regular GHG inventories will be required.
If you operate a business in Denver, you might have heard about new regulations from the Energize Denver Task Force. In a nutshell, the Task Force has recommended new energy regulations that will require businesses to significantly reduce carbon emissions in the next few years.
At a national level, the SEC is considering proposed policy changes that would require companies to disclose climate-related risks, efficiency targets, and GHG inventories. The bottom line is this: GHG accounting is becoming the norm for regular business operations. Getting ahead of the curve (and utilizing GHG data to optimize your energy use) will leave you well-positioned to keep up with modern energy standards and requirements.
Take the First Step Toward Net Zero with GHG Accounting from Iconergy
If you’re ready to modernize your energy systems but not sure where to start, we can help. Composed of experienced engineers and consultants, our team is prepared to offer the knowledge, skill sets, and resources you need to elevate your efficiency.
We’ve performed hundreds of GHG inventories for schools, hospitals, office buildings, warehouses, and more—many of which have used their GHG inventories to reduce or eliminate emissions with support from our team.
As the centennial state’s only owned and operated energy services company, we pride ourselves on helping Colorado’s businesses reduce their carbon footprints. So, why not get started today? Click here to connect with us, or click here to view our full range of energy services.
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