Measuring carbon footprint is important for global organizations for several reasons:
Environmental responsibility: Global organizations have a significant impact on the environment and must take responsibility for their carbon emissions. Measuring their carbon footprint helps them to identify areas where they can reduce their emissions and minimize their environmental impact.
Compliance: Many countries and regions have introduced regulations that require companies to measure and report their carbon emissions. Measuring their carbon footprint helps organizations to comply with these regulations and avoid penalties.
Reputation: Consumers and stakeholders are becoming increasingly concerned about the environment and are more likely to support organizations that are environmentally responsible. Measuring and reducing carbon emissions can improve an organization's reputation and help to attract and retain customers.
Cost savings: Measuring carbon emissions can help organizations identify areas where they can reduce energy consumption and save money on energy costs. This can lead to significant cost savings over time.
Overall, measuring carbon footprint is important for global organizations to demonstrate their commitment to environmental responsibility, comply with regulations, improve their reputation, and save costs.
Eiravato's Co2 accounting model evaluates the carbon footprint of each material in a customer's waste inventory based on their final treatment outcome. This helps customers understand the carbon emissions associated with their waste management practices and identify opportunities for waste minimization and circular economy projects that can reduce their carbon footprint. Materials that are diverted from landfill and incineration to circular outcomes can achieve a positive Co2 value based on their unique characteristics, which can contribute to a company's sustainability goals and reduce their environmental impact.
By capturing Transport Co2 (tCo2) metrics and statistics for all waste transfer activities, customers can gain added benefits such as considering new waste partner relationships that are closer with the result of reducing tCo2 environmental impact. Eiravato's Chain of Custody tool tracks all outward material transfers and assigns modes of transport (Road, Sea, Air, and Rail), allowing the platform to capture and display a tCo2 value for each transfer with data totals displayed at Co2 Footprint Statistics
SCOPE 3 WASTE Co2 ACCOUNTING
Scope 3 refers to indirect emissions that occur in a company's value chain, including emissions from waste disposal. Waste disposal can generate significant greenhouse gas emissions, particularly if it involves landfill or incineration. By measuring and managing these emissions as part of their Scope 3 reporting, companies can better understand their environmental impact and identify opportunities to reduce emissions and improve their waste management practices. This can ultimately help companies to achieve their sustainability goals and contribute to global efforts to address climate change
Accounting for waste Scope 3 can be challenging due to the complexity of waste supply chains and the difficulty in obtaining accurate data from suppliers and vendors. Additionally, waste can have multiple end-of-life outcomes, making it difficult to track and measure the environmental impact of each waste stream. Finally, waste can be generated throughout the product life cycle, from raw material extraction to end-of-life disposal, making it challenging to determine which stages of the supply chain should be included in Scope 3 accounting.
Eiravato's platform resolves the challenges and complexities of waste supply chains by delivering accurate data from suppliers and waste vendors, tracking, and measuring each waste stream with lifecycle mapping, and setting Scope accounting templates with continuous and automated metrics delivered to each stage. The Reports Creator tool allows for building and activating a reporting template for Scope 3, ensuring real-time data feeds and measurement period report settings.