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Greenhouse Gas and Carbon Accounting: New Business Requirements Weigh Heavy on SMBs

It is estimated that the top 3,000 companies in the world caused damage to the environment worth $2.25 trillion USD (£1.5tn) in 2008 – a jaw dropping statistic which researchers say is indicative of “crisis proportions” of pollution and the rapid loss of freshwater fisheries and fertile soils due to industry.

Given this growing awareness of business impact and the resulting damage to the natural environment, and with global summits such as Copenhagen and Kyoto driving governmental focus on the environment and business impact, more and more countries will impose tracking and limitation rules on Greenhouse gases and carbon emissions, and the standards and initiatives on GHG and Carbon Accounting will only become more pervasive and stringent.  

As the initiatives take deeper hold, carbon (or green) accounting will actually put a greater burden on SMBs as they generally don't have tracking systems in place. And, the cost of carrying out the tracking will be greater as a percentage of revenue than for larger firms.  

Last week Epicor announced a partnership with Village Green Global, Inc., a company that specializes in enterprise carbon accounting. The partnership offers Epicor customers new capabilities to identify, analyze, audit, track, manage, benchmark and report on carbon emissions, environmental impact and energy consumption. By providing a simple and integrated carbon tracking system, Epicor is giving its customers the mechanism to be efficiently compliant and gain benefits from ultimate cost savings. (Statistics are already showing a minimum savings of 10% in energy usage once a company starts to take steps to reduce its carbon footprint.)

Using an internationally recognized system for carbon analysis and trading, Village Green supports reporting for carbon accounting around electricity use, water consumption, transportation, natural gas, waste and other factors to find ways to save energy and money and enable organizations to implement and maintain sustainable business practices. 

For more information on green carbon news, resources, and opinions on the rapidly expanding universe of carbon management strategies and enterprise carbon accounting, check out Greenbiz.com’s Carbon Management Center.  Also, check out our related whitepaper, 7 Technology Tactics to Promote Corporate Social Responsibility.

Has your company undertaken any carbon accounting initiatives?

Posted by Matt Muldoon, Vice President, Product Marketing, Epicor

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