Essay · Guides

GHG Reporting, Simplified | Why, How and Why of Green House Gas Reporting?

GHG reporting is a framework that reports greenhouse gas data and other related/relevant information of the sources of GHG emissions.

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Jhanvi Sinha
ESG Analyst (Intern), Newtral
Published
June 19, 2023
Last reviewed
June 19, 2023
Read time
2 min · 585 words
Current
Key takeaways
  • 01GHG reporting means measuring and disclosing emissions across direct operations, supply chain, and customer use.
  • 02It's shifting from voluntary best practice to a mandatory requirement in many countries and regions.
  • 03Companies with strong climate-disclosure scores have outperformed the market financially, per CDP research.

Listen up, sustainability enthusiasts and corporate changemakers! If you're not already on the greenhouse gas (GHG) reporting bandwagon, it's time to hop on board. GHG reporting is the hottest trend in environmental accountability, and it's not just a passing fad. It's a crucial tool for companies to measure, manage, and disclose their carbon footprint like a pro. And let's face it, in today's world of climate change and eco-conscious consumers, you can't afford to be left behind.

01

Why GHG Reporting?

GHG reporting is all about taking responsibility for your company's impact on the planet. By measuring and disclosing your GHG emissions, you're showing the world that you're serious about sustainability and that you're willing to put your money where your mouth is. Plus, GHG reporting is becoming increasingly mandatory in many countries and regions, so it's better to get ahead of the game than to play catch-up later.

02

What does GHG Reporting entail?

GHG reporting involves measuring and disclosing your company's emissions of carbon dioxide, methane, nitrous oxide, and other greenhouse gasses. This includes emissions from your direct operations (like burning fossil fuels), as well as indirect emissions from your supply chain and customer use of your products. The goal is to create a comprehensive picture of your company's carbon footprint and identify areas for improvement.

03

How to do GHG Reporting?

GHG reporting can seem daunting at first, but don't worry – Newtral is here to help you every step of the way. With Newtral's AI-powered platform, setting up a system for measuring and tracking your emissions has never been easier. Say goodbye to specialized software, costly consultants, and third-party verification services – Newtral has everything you need to streamline your GHG reporting process and get the job done right.

Here's how it works: simply input your data into Newtral's user-friendly interface, and our advanced AI algorithms will take care of the rest. Newtral automatically calculates your emissions according to the Greenhouse Gas Protocol and ISO 14064 standards, ensuring that your reporting is accurate, consistent, and compliant with the latest regulations. And with Newtral's customizable dashboards and visualizations, you can easily track your progress over time and identify areas for improvement.

But here's the thing: GHG reporting isn't just a box-ticking exercise. It's an opportunity to make real, meaningful changes in your company's environmental impact. By identifying areas of high emissions, you can set targets for reduction and implement strategies to achieve them. This can involve anything from switching to renewable energy to redesigning your products for better energy efficiency.

And the benefits of GHG reporting go beyond just environmental sustainability. Companies that disclose their emissions often see improved financial performance, increased investor confidence, and better relationships with customers and stakeholders.

CDP finding

Companies with high scores on their climate change disclosures outperformed the market by 5.5% per year.

So, if you're ready to take your company's sustainability game to the next level, it's time to start GHG reporting. Sure, it may take some effort and resources upfront, but the payoff is well worth it. Not only will you be doing your part to combat climate change, but you'll also be positioning your company as a leader in environmental responsibility. And who knows – you might even have some fun along the way, knowing that you're making a positive impact on the planet and your bottom line.

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About the author
Jhanvi Sinha
ESG Analyst (Intern), Newtral
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