Environmental Accounting Supplier Toolkit
The Environmental Accounting and Goal Setting Toolkit is designed to assist organizations in establishing a reliable method to calculate the environmental impact of their operations and value chain activities. This toolkit provides a structured approach to get you started - shedding light on key activity data needed to quantify impact, set targets, and disclose your progress.
Section Overview
| Environmental Accounting Standards | The first step is to understand the basics. This includes the emission sources that contribute to Scope 1, Scope 2, and Scope 3, as well as how to compile this information to develop your emissions inventory. |
| Operational Footprint | To accurately quantify your operational footprint, collecting activity data is essential. For specific details on Scope 1 & 2 greenhouse gas accounting, refer to the GHG Protocol Corporate Standard (Scope 1&2). |
Expand to Your Value Chain | Companies looking to assess their value chain (upstream and downstream) footprint must organize activity data related to Scope 3 categories. For comprehensive guidance, see the GHG Protocol’s Corporate Value Chain Accounting and Reporting Standard. |
Identify Emission Factors | Now that you have collected your activity data, the next step is identifying the appropriate emission factors. These factors convert activity data—such as energy consumption—into greenhouse gas emissions and carbon dioxide equivalence or CO2e. |
| Build Your Inventory and Calculate Your Baseline | Once activity data and emission factors are identified, define your baseline year. If you plan to align with a target framework, such as Science Based Targets initiative (SBTi), you must select a baseline year no earlier than 2015. Next, compile your emissions inventory with an accounting solution. |
| Set Targets and Monitor Performance | We encourage organizations to set climate-related targets through the SBTi, which provides guidance for companies to establish meaningful goals aligned with climate science. For organizations not yet ready to commit to a Science Based Target, we still expect our suppliers to set reduction targets. |
Disclosure and Reporting | Now that you have established your environmental accounting system and targets, we encourage you to publicly disclose on your progress. Many companies publish an annual Sustainability Report. You can view our report here. |
- GHG Protocol Corporate Standard (Scope 1&2)
- Greenhouse Gas Protocol – The Corporate Standard (Scope 1 & 2)
- The Corporate Value Chain Standard (Scope 3)
- Greenhouse Gas Protocol – The Corporate Value Chain Standard (Scope 3)
- GHG Protocol’s List of Available Emission Factors Databases
- Greenhouse Gas Protocol – List of Available Emission Factor Databases
- Science Based Target Initiative (SBTi)
- SBTi Target Framework
View All Toolkits
We’ve created various toolkits to support your sustainability goals across your business, and we’re continuously expanding to create more resources for our suppliers.
Sustainability at MilliporeSigma
We built the framework of this toolkit by leveraging insights from our own strategy. Click here to learn more about sustainability at MilliporeSigma.
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