IFRS.Report
Carbon Accounting
Scope 1, Scope 2, Scope 3, emission factors, value-chain evidence, and verification-ready carbon data.
An energy manager at a chemical plant in Antwerp stood in front of a gas meter and read a number: 4,200 cubic meters per hour. He recorded it in a logbook. At the end of the month, he multiplied the total by an emission factor from the Belgian environmental agency to calculate the plant's Scope 1 emissions. The emission factor was from 2019. The gas composition had changed. The calculation was wrong by 3 percent. No one noticed.
IFRS.Report's carbon accounting engine uses current emission factors from recognized sources — the GHG Protocol, national environmental agencies, and industry-specific databases. It calculates Scope 1 (direct), Scope 2 (indirect from electricity), and Scope 3 (value chain) emissions using the GHG Protocol methodology. It links each calculation to its source data: meter readings, utility bills, supplier invoices. It flags outdated emission factors and suggests updates. The 3 percent error in Antwerp — once invisible — becomes a validation alert.
Under IFRS S2 §27–36, companies must disclose their greenhouse gas emissions using the GHG Protocol. The carbon accounting engine ensures that every emission figure is calculated correctly, sourced transparently, and verified consistently. The gas meter reading in Antwerp — once a manual logbook entry — becomes a data point in a verification-ready carbon account.
Carbon accounting is not just calculation — it is evidence: meter readings, emission factors, and value-chain data that IFRS S2 requires to be verification-ready.
In Plain Language
Carbon accounting is not just calculation — it is evidence. IFRS S2 §27–36 requires companies to use the GHG Protocol for Scope 1, 2, and 3 emissions disclosure. The carbon engine links every calculation to its source data: meter readings, emission factors, supplier invoices.
- Carbon accounting is not just calculation — it is evidence: meter readings, emission factors, and value-chain data that IFRS S2 requires to be verification-ready.
- The carbon accounting engine uses current emission factors from the GHG Protocol and national agencies, flagging outdated factors that could introduce errors.
- The practical test is whether an assurance provider can verify every emission calculation from the meter reading through the emission factor to the final disclosed figure.
Technical Requirements
- Scope 1 emissions (direct sources)
- Scope 2 emissions (purchased electricity)
- Scope 3 value-chain emissions
- Emission factor sourcing & verification