ClimaLoop measures the impact that different activities or products have on the environment, particularly on climate change. The measurement relates to the amount of greenhouse gases produced in a product chain or in the day-to-day lives through burning fossil fuels for electricity, heating and transportation etc.
The Carbon Footprint services of ClimaLoop involve the calculation of greenhouse gas (GHG) emissions associated with the lifecycle of a product, service or with the entire business. The Carbon Footprint could be a tool for managing GHG emissions along the business organization or product supply chain and safeguards the survival of companies in the changing regulatory and economic business landscape.
ClimaLoop helps the reporting organizations to disclose their most critical impacts on the environment applying the Global Reporting Initiative standards. The Global Reporting Initiative (known as GRI) is an international standard used by businesses, governments and other organizations to understand and communicate their impacts on issues such as climate change, amongst others.
ClimaLoop helps organizations to identify, measure, reduce, offset and communicate GHG Emissions Indicators contained in the GRI Guidelines, which are fully aligned with the GHG Protocol’s grouping of emissions into three subsets (Scopes 1, 2, and 3), as well as the ISO 14064 grouping. ClimaLoop calculates the Carbon Footprint applying the GHG Protocol Corporate Standard, which classifies a company’s GHG emissions into three ‘scopes’:
– The primary footprint (Scope 1) is a measure of the direct emissions of CO2 from the burning of fossil fuels including domestic energy consumption and transportation (e.g. car and plane). The client would have direct control of these.
– The secondary footprint (Scope 2) is a measure of the indirect CO2 emissions from the whole lifecycle of products used – those associated with their manufacture and eventual breakdown. As an indirect consequence of our activities, the more we buy the more emissions will be caused on our behalf.
– The tertiary footprint (Scope 3) is a measure of the indirect CO2 emissions (not included in Scope 2) that occur in the value chain of the reporting company, including both upstream and downstream emissions.