Environmental Accounting: Measuring and Managing Carbon Footprint
Environmental accounting is the process of measuring, reporting, and managing the environmental impact of an organization's activities, products, or services. One important aspect of environmental accounting is measuring and managing an organization's carbon footprint. A carbon footprint is the total amount of greenhouse gas emissions caused by an individual, organization, or product, expressed in units of carbon dioxide equivalents. These emissions can come from activities such as burning fossil fuels, deforestation, and industrial processes. Measuring an organization's carbon footprint involves identifying and quantifying all sources of greenhouse gas emissions, both direct and indirect, associated with the organization's operations. Once the carbon footprint is measured, the organization can then develop strategies to reduce its emissions and set targets for improvement.