GHG Accounting (Greenhouse Gas Accounting) is the systematic process of identifying, quantifying, recording, and reporting an organization’s greenhouse gas emissions. It enables organizations to understand their climate impact, establish an emissions baseline, identify major emission sources, and develop appropriate reduction strategies.

Eurosia ITC Services Ltd. provides GHG Accounting support to help organizations establish structured and transparent greenhouse gas inventories based on applicable GHG accounting principles and requirements.

Key Areas of GHG Accounting

1. Organizational Boundary
We help define which entities, facilities, operations, and activities are included within the GHG inventory.

2. Operational Boundary
Relevant emission sources are identified and categorized according to their nature and relationship with the organization’s operations.

3. Scope 1 – Direct Emissions
Scope 1 covers direct GHG emissions from sources owned or controlled by the organization, such as stationary fuel combustion, company vehicles, and applicable industrial processes.

4. Scope 2 – Energy-Related Indirect Emissions
Scope 2 covers indirect emissions associated with purchased electricity and, where applicable, purchased steam, heating, or cooling.

5. Scope 3 – Value-Chain Emissions
Where relevant, Scope 3 accounting considers other indirect emissions occurring across the organization’s value chain, such as purchased goods and services, transportation, business travel, employee commuting, waste, and use of products.

Our GHG Accounting Process

  1. Initial Consultation – Understand the organization’s operations, activities, facilities, and GHG accounting objectives.
  2. Boundary Setting – Establish appropriate organizational and operational boundaries.
  3. Emission Source Identification – Identify relevant direct and indirect emission sources.
  4. Data Collection – Collect electricity, fuel, transportation, production, refrigerant, waste, and other relevant activity data.
  5. Data Review – Check data completeness, consistency, and supporting evidence.
  6. Emission Factor Selection – Select appropriate emission factors based on the applicable methodology and reporting requirements.
  7. Emission Calculation – Calculate emissions from identified sources.
  8. CO₂e Conversion – Express relevant greenhouse gas emissions as carbon dioxide equivalent (CO₂e).
  9. Scope Classification – Categorize emissions into applicable Scope 1, Scope 2, and Scope 3 categories.
  10. Quality Assurance – Review calculations, assumptions, data sources, and methodologies.
  11. Emission Analysis – Analyze emissions by source, facility, activity, or other relevant categories.
  12. GHG Inventory Report – Prepare a structured GHG inventory and accounting report.
  13. Reduction Opportunities – Identify significant emission sources and potential reduction opportunities.
  14. Monitoring and Improvement – Establish a process for periodic inventory updates and continual improvement.

Benefits of GHG Accounting

Effective GHG Accounting can help organizations:

  • Establish a reliable GHG emissions baseline.
  • Understand major sources of emissions.
  • Monitor emissions performance over time.
  • Identify opportunities for emission reduction.
  • Improve energy and resource efficiency.
  • Support carbon-footprint assessment.
  • Develop climate and decarbonization strategies.
  • Support sustainability and ESG reporting.
  • Provide information for science-aligned target setting.
  • Strengthen environmental decision-making.
  • Improve the quality and transparency of climate-related information.

Eurosia ITC Services Ltd. provides sustainability and climate-related advisory services to support organizations in developing practical approaches to GHG management, carbon reduction, decarbonization, and science-aligned target setting.