We've updated our Privacy Policy and Terms of Use.
Climate Action Guide
Abatement Options

Lower carbon processes and technologies that replace existing higher carbon processes and technologies within your business.

Carbon Accounting Software and Decarbonization Platforms

Digital solutions that help you measure and find ROI in managing your carbon footprint in a scalable and efficient way.

Carbon Disclosure Project (CDP)

Frameworks focused primarily on reporting climate-based financial risk to investors. These are most relevant to public companies or companies preparing for an IPO.

Carbon Negative

Your company is net zero and you’re eradicating all of your legacy emissions since business inception via carbon removal based offsets.

Carbon Neutral

Technically you’ve balanced your emissions to zero, but you’ve taken a shortcut to offset emissions for parts of the business where you could have installed emission reduction technology instead of purchasing offsets.

Greenhouse Gas Protocol (GHGP)

The international standard for emission measurement, breaking carbon into three different categories called Scopes 1, 2, and 3.

Iterative Carbon Plan

You intend to reach some combination of the carbon plans above eventually, but you’re prioritizing impact and action over comprehensiveness at the start.

Marginal Abatement Cost Curve (MACC)

Enable you to quickly isolate the lowest cost, highest impact carbon abatement options.

Net Zero

You’ve reduced your Scope 1, 2, and 3 emissions as far as is technologically possible and offset the rest (more on offsetting in a later section of this guide).

Offsets and Carbon Removal

A carbon offset is a reduction or removal of emissions of CO2 made in order to compensate for emissions made elsewhere.

Science Based Targets Initiative (SBTi)

Sets the standard for how to create a net zero target for large corporations.

Scope 1

Direct emissions from owned assets, e.g., factories, fleets, or real estate, etc.

Scope 2

Indirect emissions from the purchase of electricity, steam, heat, or cooling, etc.

Scope 3

Value chain emissions from activities of assets not owned by the reporting entity, e.g., supply chain, employee travel, rented office space, services, etc.

Task Force on Climate Related Financial Disclosures (TCFD)

This framework is focused primarily on reporting climate-based financial risk to investors and is most relevant to public companies or companies preparing for an IPO. It’s likely the proposed SEC rule change for climate disclosures to investors will be based on TCFD, making it mandatory instead of optional as it is now.