Frequently Asked Questions

CarbonSuite analyzes data that exists in your NetSuite ERP system and calculates your organization’s carbon footprint. This greatly automates the carbon accounting process, where data carbon data collection a large burden on organizations today. CarbonSuite is a “SuiteApp,” which is deployed into your NetSuite environment. All of your data stays in your NetSuite ERP systems, do you don’t need another external system to manage your carbon footprint data.

Yes! We have an API that can be deployed to your current system of record to calculate emissions. Contact us at info-carbon-suite.com to discuss your use case.

Yes! Our sustainability consulting team can help you get a handle on your carbon accounting process and guide you on data collection and emission reduction best practices. Email us at [email protected] to get in touch.

Carbon accounting, also known as carbon footprinting, is the process of quantifying and tracking greenhouse gas (GHG) emissions associated with an organization, product, or activity. It involves measuring, recording, and reporting the amount of carbon dioxide (CO2) and other GHG emissions released into the atmosphere as a result of specific operations or practices.

Carbon accounting is important for several reasons:

1. Climate Change Mitigation: GHG emissions, particularly CO2, are the primary drivers of climate change. By accounting for carbon emissions, organizations can identify their major sources of emissions and take targeted actions to reduce them. It enables organizations to contribute to global efforts to mitigate climate change by setting emission reduction goals, implementing energy efficiency measures, adopting renewable energy sources, and making informed decisions to minimize their environmental impact.
2. Compliance and Regulation: Many regions and countries have implemented regulations and reporting requirements related to GHG emissions. Carbon accounting helps organizations ensure compliance with these regulations and avoid penalties or legal consequences. It enables organizations to understand and meet their obligations under international agreements such as the Paris Agreement, which aims to limit global temperature rise to well below 2 degrees Celsius.
3. Operational Efficiency and Cost Savings: Carbon accounting provides organizations with insights into their energy consumption patterns and identifies opportunities for efficiency improvements. By measuring and monitoring carbon emissions, organizations can identify areas of excessive energy use and implement measures to optimize resource consumption, leading to cost savings. It encourages the adoption of sustainable practices, such as energy-efficient technologies and waste reduction strategies.
4. Reputation and Stakeholder Expectations: Stakeholders, including consumers, investors, employees, and communities, are increasingly concerned about environmental sustainability and climate change. Carbon accounting allows organizations to demonstrate their commitment to addressing climate change, reduce their environmental impact, and meet stakeholder expectations. Transparent reporting of carbon emissions can enhance an organization’s reputation, attract socially responsible investors, and build trust with customers and the public.
5. Risk Management: Carbon accounting helps organizations assess and manage climate-related risks. By understanding their carbon footprint, organizations can identify potential vulnerabilities, such as dependence on fossil fuels, supply chain disruptions due to climate events, or reputational risks associated with high emissions. This knowledge enables organizations to develop strategies to mitigate these risks and adapt to a changing business and regulatory landscape.

The EU’s Corporate Sustainability Reporting Directive (CSRD) is a mandatory framework, and the proposed framework from the US Securities and Exchange Commission will be mandatory when released. CDP, SASB, GRI, TCFD, and ISSB are currently voluntary reporting frameworks.