Triple Bottom Line Accounting has produced a new step-by-step guide to help accountants worldwide incorporate Greenhouse Gas (GHG) Accounting and Net Zero Advisory into their services.
Forward-looking accountancy practices offer their clients Greenhouse Gas (GHG) Accounting and Net Zero Advisory, supporting businesses to transition to the new sustainable economy. This article in the Association of International Accountants (AIA)’s International Accountant Magazine was researched and written by TBLA Ltd directors Fran Ellington and Dr Peter Ellington. It is a guide on introducing greenhouse gas accounting and net zero advisory into an accountancy practice.
Peter writes that accounting for greenhouse gas (GHG) emissions is like accounting for costs. It starts with estimating total GHG emissions for a business split into categories. From this categorisation, conversion factors (aligned with the Greenhouse Gas Protocol) are used to identify the causes and amounts of the emissions. Once identified, options for reducing GHG emissions are evaluated. This leads to an agreed GHG emission reduction plan that can be managed going forward.
Read the whole article here
Fran has been working with TBLA clients and Colbea clients in Essex over the last two years, helping them calculate their emissions and set targets for reducing their scope 1, 2 and 3 greenhouse gas emissions. She says that using science-based targets will force the supply chain to decarbonise and accelerate the global net zero emissions target. She has produced a table comparing carbon trackers accessible to accountants in different areas of the world. Fran works alongside Alasdair Wilcock of Maple Cone to help small businesses decarbonise and devise actionable sustainability plans and policies.
Find the Greenhouse Gas tracker comparison table here.
Read the whole article here.
Find out more about the TBLA Positive Impact services here.
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Carbon trackers (that integrate with accounting packages) Last updated June 2023
Compiled by Fran Ellington, Triple Bottom Line Accounting Ltd.
PLEASE CLICK HERE TO VIEW TABLE
Note: The above table is not exhaustive and there are new platforms that we have not yet tested; for example, Reshift works with Xero, and Net Zero Now are developing a platform that will be available later in 2023.
If you would like help training or support with your carbon accounting and net zero strategy contact us via the website here or
Fran joined TBLA in 2019 after a long career in teaching. Her roles include human resources management, ESG and Marketing. During 2020 and 2021 she developed the TBLA Environmental, Social and Governance (ESG) impact service. As part of the process, she has carried out an impact analysis of the TBLA social and governance profile and a whole company carbon calculation with accompanying target setting, carbon reduction action plan and impact narrative. Fran is now working alongside the growing ESG team to help more SMEs plan for Net Zero around the UK. Fran is also on the board of the Norwich Business Climate Leaders hoping to accelerate the transition to Net Zero.
