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Enterprise Carbon Accounting (ECA)
White Paper Summary
Enterprise Carbon Accounting (ECA) is an essential requirement for companies. It will likely become a legal necessity due to government mandates that require tracking across an organization's complete boundary.
No longer is it permissible for a company to look only within its own boundaries, but it must also look at its overall environmental responsibilities throughout all operations.
Yearly disclosure of an organization’s carbon emissions is indispensable if an organization and its stakeholders are to accurately assess progress towards reduction goals. This emerging business process of calculating, managing, reporting, reducing and trading carbon emissions is called Enterprise Carbon Accounting (ECA). (Groom Research)
An organization must accurately gauge and measure carbon emission caused by its very existence. Data must be directly linked through life cycle assessments (LSA) enabling action.
The Quest for Radical Collaboration & Unprecedented Transparency
Calculating a complete greenhouse gas (GHG) inventory is a daunting task unless the carbon information is readily available and easily managed in a central database that tracks emission sources to the asset level. In most cases, the emissions related data may come from many different parts of your organization. The use of an enterprise carbon accounting (ECA) is paramount to assembling the carbon inventory with efficiency.
The United Kingdom is one of the first countries to put in place mandatory laws, requiring the largest companies to cut back as part of legislation that will come into effect in 2010 and 2011. From that time on, the British government has set a goal of reducing carbon emissions by as much as 80% by the time we get to the year 2050.
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