What is Carbon Accounting?
Australia’s shift to a low-carbon economy has and will create huge changes to the way all organisations do business. Carbon accounting is an umbrella term covering all aspects of greenhouse gas management.
Carbon Accounting Solutions
A professional carbon accountant is someone with expert strategic planning skills and in-depth policy knowledge. Our staff are accredited by The Department of Climate Change and are National Greenhouse and Energy Reporting (NGERS) certified.
Our carbon accountants will work with your organisation to prepare strategic plans to thrive in a carbon constrained economy. Traditionally, the path followed by our clients is:
- Create a Greenhouse Gas (Carbon) Inventory
- Generate Standards-compliant Reports
- Develop a Greenhouse Action Plan
- Assess Liabilities
- Identify Opportunities
An accurate greenhouse inventory will provide a detailed picture of your organisation’s carbon emissions. This process involves auditing data collection practices, ensuring data quality and creating streamlined processes. Collected data is then analysed using appropriate emissions standards.
Many organisations are currently required by law to provide detailed reports on their carbon emissions. Liable entities need to ensure that they:
- Accurately record data
- Verify this data
- Prepare standards-compliant reports
- Meet deadlines to avoid hefty penalties
If you are unsure of your mandatory liabilities – please contact a carbon accounting specialist immediately.
Further, you may wish to start reporting voluntarily. Doing this will ensure your organisation is:
- Prepared for the eventuality of mandatory reporting
- At the forefront of our shift to a low-carbon economy
- Demonstrating environmental leadership
- Managing risks associated with carbon emissions
A professional carbon accountant can assist with the process of compiling detailed reports and ensure all internal and external obligations are being met.
Greenhouse Action Plan
A greenhouse action plan is essential to meeting future emissions targets. It also demonstrates an organisational commitment to tackling climate change. Each plan includes emissions forecasts, sector analysis and yearly milestones to assess your progression towards long term targets.
Carbon Liability Assessment
When will your organisation need to pay the carbon tax? Our expert carbon accountants are accredited by the Department of Climate Change and can help you understand your current and future liabilities.
Carbon Tax / Trading
Under current and future legislation, many organisations that can reduce carbon emissions can sell their carbon emissions reductions to others. This is known as carbon trading, or emissions trading. Participating in such a scheme can provide a great many benefits. To learn more about current and future opportunities, please contact our carbon accounting team.