Reporting

Reporting

A number of options exist if companies want to prepare an annual report with focus on the climate.

 

An increasing number of companies prepare an annual report on social and environmental issues of concern to the company, and some companies now include a separate section on the climate challenge.

 

Big and international companies focus particularly on reporting. The typical reason is that companies face requirements of greater openness from their investors and other main stakeholders.

 

An increasing number of small companies, however, also feel compelled to report on the environment and climate. These are especially companies with big business customers that make CSR demands on their suppliers.

 

Climate reporting can, for example, form part of the following:

 

> Annual reports

> Non-financial statements

> Green accounts

 

Reporting standards

A number of international reporting standards have been prepared for companies to apply if they wish to prepare a formal report on their climate work.

 

• Global Reporting Initiative (GRI): The Global Reporting Initiative is the

most detailed reporting standard. A company may enjoy a large degree of

legitimacy by preparing a report in accordance with this standard, but it is

an extremely comprehensive and time-consuming task.

 

• The Carbon Disclosure Project (CDP): has developed a specific climate

reporting standard. Several hundred institutional investors have joined the

CDP and encourage companies to apply this standard for reporting

purposes. Hence, it has gained a firm foothold in short time.

 

Reporting standards

If the company for reporting purposes wants to state quantitative targets for its CO2 emissions, it can use internationally accepted reporting standards.

 

Greenhouse Gas Protocol Corporate Standard (GHG Protocol): This standard is the most widely used reporting standard for calculating a company’s CO2 emissions. Moreover, it is the standard underlying the Climate Compass’ Carbon Calculator.

 

ISO 14064 standards for preparing and verifying GHG emissions inventories. The standards are based on the GHG Protocol, but may also be verified by external parties.

 

If you want to calculate your CO2 emissions for individual products, you can use either of the standards ISO 14040 or PAS 2050. Both require you to assess the full product life cycle.

På Klimakompasset kan du få inspiration til at udarbejde en klimastrategi, som kan reducere din virksomheds udledning af CO2 og andre drivhusgasser.