As sustainability becomes a key focus for global stakeholders and regulators, businesses are increasingly expected to disclose their carbon footprint as part of ESG and sustainability reporting.
To meet these expectations, companies often focus on measuring and reporting Scope 1, 2 and 3 emissions, as defined by the GHG Protocol, which forms the basis for emissions calculations used in other frameworks such as the Science Based Targets initiative (SBTi) and ISO standards.
Understanding carbon emissions: GHG and scopes 1, 2 and 3
Greenhouse gases (GHGs) are the primary driver of climate change, making the ability to measure, manage and reduce emissions critical. The GHG Protocol classifies carbon emissions into three categories:
- Scope 1 – direct emissions from owned or controlled sources
- Scope 2 – indirect emissions from the generation of purchased electricity
- Scope 3 – all other indirect emissions that occur in a company’s value chain, including those from suppliers, distributors and end users.
The challenges of carbon calculations
Despite the growing need for transparency, many organisations struggle with the complexity of carbon calculations. Data collection across various sources and evolving regulations make this process time-consuming and error-prone.
Small and medium-sized enterprises face additional hurdles, as they often lack the necessary tools or resources to accurately track their carbon emissions.
Introducing Speeki Carbon Lens®
Speeki Carbon Lens is a dynamic tool within Speeki’s Sustainability Management System designed to meet these challenges head-on.
Part of Speeki’s comprehensive Sustainability Management System, this AI-powered module automates the data collection and organisation of Scope 1, 2 and 3 emissions following the GHG Protocol to help businesses streamline their carbon management efforts.
Through a verified methodology, Speeki Carbon Lens supports compliance with global reporting standards and frameworks, including the ESRS, GRI and IFRS S2.
Key benefits of Speeki Carbon Lens
- Automated data collection – uses AI to simplify the collection of emissions data across scopes 1, 2 and 3, reducing the need for manual entry and costly consultants
- Enhance transparency with robust auditability features, ensuring traceable, verifiable emissions data
- Accurate and compliant reporting – verified methodology ensures compliance with international regulations, providing businesses with confidence in their sustainability reports
- Streamlined reporting – produces ready-to-use reports aligned with the ESRS, IFRS S2 and GRI, making regulatory compliance easier than ever
‘At Speeki, we understand the complexities organisations face when trying to manage and report their carbon emissions. That’s why we developed Speeki Carbon Lens – to take the guesswork out of emissions calculations and make compliance easier,’ says Scott Lane, CEO and Founder at Speeki. ‘By leveraging AI to streamline data collection, we’re helping companies not only meet their regulatory requirements but also drive their sustainability efforts forward.’
Discover how Speeki Carbon Lens can transform your carbon management efforts here.
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