The first step is to identify your organization’s Emission Sources, from energy consumption, shipping, business travel, waste disposal, etc. From there, CarbonSuite collects Activity Data directly from your ERP system. Using the GHG Protocol, CarbonSuite calculates emissions in a way that is compliant with major climate disclosure frameworks.
Your standard NetSuite transactions like Vendor Bills and Expense Reports are enhanced to record the activity data required to calculate Emissions. Using a combination of this activity data and the financial value of the transactions, CarbonSuite uses Emission Factors to calculate your organization’s emissions and groups them by Scope and Category.
Once your emissions are recorded and audited, CarbonSuite allows you to make sense of the “Alphabet Soup” of ESG and easily generate reports compliant with the major sustainability reporting frameworks, such as: SEC, CSRD, CDP, TCFD, SECR, GRI, ISSB, and others. We achieve compliance by using frameworks such as the GHG Protocol, to develop our methodology. You can find more information on the GHG protocol here.
It is crucial to share your progress with Internal Stakeholders like employees, investors, board of directors and External Stakeholders like customers, vendors, regulators, and the public. Post your reports on your website, social media, press releases, and include it in annual reports.
Implement reduction strategies at the organizational level such as Energy Efficiency, Renewable Energy Procurement, Waste Reduction, and Purchasing Offsets. Encourage individuals to participate in sustainable behaviors using strategies like Education and Climate-Friendly Policies.
Reduction is ALWAYS the preferred option, but Carbon Offsets can be a useful tool to offset the emissions you cannot reduce. High-quality Offsets can be purchased directly within the CarbonSuite platform, and the impact is recorded separately so you can measure your offsets against your emissions total.