ABOUT CORAL FUTURE
We harness the power of business to create a more sustainable world. We have more than 15 years' experience working on sustainability and carbon credits solutions.
SERVICES
To us, being a good advisor and a good solutions provider are one and the same.
INITIATIVES
To help you make informed decisions, here is an overview of how other climate initiatives are relevant to our work.
Carbon Footprinting
We cannot manage if we don’t measure! Journey towards Net Zero starts with the measurement of your carbon footprint. It serves as a benchmark against which GHG reduction targets can be set and progress can be measured towards Net Zero.
WHAT IS A CARBON FOOTPRINT?
A carbon footprint is the total quantity of greenhouse gas
emissions that are generated by our actions. It can be reported for an individual, product, service, event, organization or any activity where fossil fuels are consumed. It is expressed in carbon dioxide equivalent and calculated over a specific time period or at the activity level.
Carbon footprint calculations generally follow methodologies provided by globally recognised standards such as:
- GHG Protocol
- Carbon Neutrality Standard from BSI
- ISO 14064
SCOPES OF EMISSIONS
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WHO BUYS & SELLS THESE CARBON CREDITS?
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SCOPES OF EMISSIONS
The emissions are classified into scopes based on an entity’s organizational and operational boundaries.
Scope 1 emissions (direct emissions) are emissions from sources that are owned or controlled by the organization. This may include say emissions from coal consumed in a boiler at the company’s factory;
Scope 2 emissions (indirect emissions) are emissions from purchased electricity, heat, steam or cooling consumed by the company, but generated elsewhere. For e.g, if a company purchases electricity from the grid, emissions associated with the generation of that electricity will fall in this category;
SCOPES OF EMISSIONS
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WHAT IS A CARBON FOOTPRINT?
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SCOPES OF EMISSIONS
Scope 3 emissions (other indirect emissions) are emissions that occur as a consequence of the operations of the organization but are not directly owned or controlled by that organization. For example, emissions from the supply chain.
BENEFITS OF CARBON FOOTPRINTING
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SCOPES OF EMISSIONS
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WHAT ARE THE BENEFITS OF CARBON FOOTPRINTING?
- Your carbon footprint will serve as a benchmark against which you can set your GHG reduction goals and track
progress. - It will also allow you to see your GHG emissions across all scopes, which is critical for sustainability reporting and reaching Net-Zero.
- Carbon footprint will also help you to identify GHG
reduction opportunities within your value chain.
SCOPES OF EMISSIONS
Previous
Previous
WHAT IS A CARBON FOOTPRINT?
A carbon footprint is the total quantity of greenhouse gas
emissions that are generated by our actions. It can be
reported for an individual, product, service, event,
organization or any activity where fossil fuels are consumed. It is expressed in carbon dioxide equivalent and calculated over a specific time period or at the activity level.
Carbon footprint calculations generally follow methodologies provided by globally recognised standards such as:
- GHG Protocol
- Carbon Neutrality Standard from BSI
- ISO 14064
SCOPES OF EMISSIONS
The emissions are classified into scopes based on an entity’s organizational and operational boundaries.
Scope 1 emissions (direct emissions) are emissions from sources that are owned or controlled by the organization. This may include say emissions from coal consumed in a boiler at the company’s factory;
Scope 2 emissions (indirect emissions) are emissions from purchased electricity, heat, steam or cooling consumed by the company, but generated elsewhere. For e.g, if a company purchases electricity from the grid, emissions associated with the generation of that electricity will fall in this category;
SCOPES OF EMISSIONS
Scope 3 emissions (other indirect emissions) are emissions that occur as a consequence of the operations of the organization but are not directly owned or controlled by that organization. For example, emissions from the supply chain.
WHAT ARE THE BENEFITS OF CARBON FOOTPRINTING?
- Your carbon footprint will serve as a benchmark against which you can set your GHG reduction goals and track
progress. - It will also allow you to see your GHG emissions across all scopes, which is critical for sustainability reporting and reaching Net-Zero.
- Carbon footprint will also help you to identify GHG
reduction opportunities within your value chain.
HOW CORAL FUTURE SUPPORTS YOU
Data collection and calculation:
- We provide customized data collection questionnaires based on our industry and emission scope.
- Desk review and data gap identification.
- Calculation of total emissions and scope classification.
- Reporting, benchmarking and target setting.
Identify risks and opportunities:
Coral Future will help you understand the risks and opportunities associated with your value chain emissions. This leads to identifying the biggest “hot spots” in the value chains – the activities that generate the most emissions. This insight allows businesses to focus on achieving the most meaningful reductions, not only from within their operations but across global value chains.
Life Cycle Assessment:
Life Cycle Assessment (LCA) can help us make choices which are based on products and services that have a lower Carbon footprint. We can conduct a cradle to grave GHG assessment of products reporting carbon footprint estimates on the packaging. This information can give consumers a tool for making responsible low carbon choices.
Reporting:
We can support you in reporting the results of the carbon footprint exercise based on international best practices such as those recommended by GRI, CDP and other reporting and disclosure platforms.
HOW CORAL FUTURE SUPPORTS YOU
Data collection and calculation:
- We provide customized data collection questionnaires based on our industry and emission scope.
- Desk review and data gap identification.
- Calculation of total emissions and scope classification.
- Reporting, benchmarking and target setting.
Identify risks and opportunities:
Coral Future will help you understand the risks and opportunities associated with your value chain emissions. This leads to identifying the biggest “hot spots” in the value chains – the activities that generate the most emissions. This insight allows businesses to focus on achieving the most meaningful reductions, not only from within their operations but across global value chains.
Life Cycle Assessment:
Life Cycle Assessment (LCA) can help us make choices which are based on products and services that have a lower Carbon footprint. We can conduct a cradle to grave GHG assessment of products reporting carbon footprint estimates on the packaging. This information can give consumers a tool for making responsible low carbon choices.
Reporting:
We can support you in reporting the results of the carbon footprint exercise based on international best practices such as those recommended by GRI, CDP and other reporting and disclosure platforms.