#228 From Platform To Proof – How Carbon Accounting Software and Verification Combine for Carbon Compliance

As the sustainability crisis grows more pressing each passing year, companies are increasingly being required to comply with various sustainability regulations and legislation, most of which include the need to monitor and verify your carbon emissions. Calculating these carbon emissions can be tricky, especially if you have a lot of sites or international locations that require conversions. This is where dedicated carbon accounting software can save you a lot of headache! In the second episode of the Platform to Proof mini-series, we invite Jay Ruckelshaus, Co-Founder and Head of Policy and Partnerships at Gravity, back onto the podcast to discuss how carbon accounting software can be utilised on your carbon verification journey, and explore the additional benefits provided by this technology. You’ll learn · What is the role of carbon accounting platforms and how does carbon accounting software help to overcome the challenges that organisations are facing today? · How does carbon accounting software work? · What additional benefits are there from using carbon accounting software? · Why is carbon verification becoming increasingly important? · How can carbon accounting software encourage a culture shift? Resources · Gravity · Carbonology In this episode, we talk about: [02:05] Episode Summary – We introduce Jay Ruckelshaus, Co-Founder and Head of Policy and Partnerships at Gravity, who will accompany Mel on a 3-part mini-series diving into carbon accounting software and the value it can bring. In this second episode Mel and Jay explore how carbon accounting software and verification work together for carbon compliance, in addition to the other benefits companies can gain from utilising carbon software. [02:30] Catch-up on the first part – If you missed our first episode in the series, go back and listen to that before continuing. It gives a more in-depth introduction to Jay, Gravity and carbon accounting software in general. [04:05] What is the role of carbon accounting platforms and how does carbon accounting software help to overcome the challenges that organisations are facing today?: Jay has had many conversations with those that have had challenges historically with gathering the data needed for carbon calculation and verification. As we see more regulations and legislation, this challenge is passed down to those just starting on their journey. Carbon accounting software can help ease the burden involved with these tasks. This can come in the form of making it easy to aggregate the data and doing the necessary calculations while maintaining a trail of where all that information comes from. There’s also an audit trail available for the calculations done, which can be monitored and dug down further into. There’s scope in many dedicated carbon accounting platforms for you to be able to dig deeper into your data if needed. Lastly, this level of transparency in the data is often a requirement of going through full carbon verification in alignment with best practice standards (such as ISO 14064). Ultimately, carbon accounting software can make the verification process go a lot more smoothly. [09:05] How does carbon accounting software work? Jay breaks this down to help define the purpose of carbon accounting software, and the additional benefits it can bring, including: A centralised place for carbon data: Often times, businesses need to pull data from a wide variety of places, and collating that data is always a challenge. Dedicated software allows for easier collection and storage of data from all of the necessary sources, such as utilities, logistics and finance. Carbon accounting software will often allow for integrations that allow for existing systems to feed data into the software without any extra burden. With the addition of AI tools, they can even allow for automatic document processing that can interpret the meaning of utility bills, fuel invoices, waste receipts ect to save on manual data entry. Carbon calculation: Another headache associated with carbon reporting is the calculation utilising all that data you’ve painstakingly collected. There’re often additional layers such as conversion or emission factors that need to be considered when making these calculations. Carbon Accounting Software can do all of this for you, saving you the trouble and potential of making mistakes. This in addition to the transparency offered as the software will provide an audit trail to show how it arrived at the final numbers. Carbon Reporting: This isn’t a feature in all carbon related software, but it can be another time saver if you find one that does. The raw calculations data will only get you so far, and that alone may not be enough to meet the requirements of whichever framework you need to comply with. Carbon software can assist with putting those calculations into a ...