Businesses are increasingly being required to measure and disclose their greenhouse gas (GHG) emissions, whether due to upcoming mandatory reporting requirements or for other reasons such as grant applications, financing arrangements or tender requests. Doing so accurately requires an understanding of emissions arising in the entire value chain and engagement with suppliers. 

GHG emissions data is one of the most requested pieces of sustainability-related information provided to an organisation’s customers, creditors or other third-parties as part of doing business. Customers increasingly make decisions incorporating their understanding of the emissions of the businesses they support, making it all the more important for all businesses to have a clear understanding of their full carbon footprint and opportunities to decarbonise.

Developing and maintaining a greenhouse gas inventory is also a foundational step for companies looking to develop a climate-related transition plan that includes emission reduction targets, and to report on their progress and performance against those targets.

How we can help

Grant Thornton can help businesses of all sizes understand and measure their potential sources of greenhouse gas emissions depending on their specific needs, whether it be for reporting purposes or more broadly to have the data to make appropriate decisions for their business.

With our knowledge of the rapidly evolving landscape of international and Australian sustainability standards, and our alliance with carbon accounting software provider Sumday, we empower our clients with the education, tools and expertise needed to accurately identify, measure and report on their emissions. With one eye on mandatory reporting, we also ensure clients receive audit-ready tailored solutions that align with their needs and industry standards.

Following the initial development of a greenhouse gas inventory, Grant Thornton can also assist with the first steps on the journey towards setting and realising their short, medium, and long-term emission reduction goals.