In today's sustainability-focused world, carbon accounting has become a non-negotiable element of business strategy. Breeze’s Breeze’s 2024 State of Carbon Accounting Report reveals that a staggering 75% of companies track carbon emissions due to customer requirements, underscoring the significant role that supply chain transparency plays in corporate sustainability.

Key Findings from the Report

1 - Customer Questionnaires Shape Sustainability Efforts:

• 75% of companies receive annual customer questionnaires requesting emissions data from their suppliers.
• 53% of companies face challenges gathering accurate data and managing the time required to respond to customer questionnaires.
• Over 40% of respondents primarily track emissions to meet customer requirements.
• Customer questionnaires led to an internal review of carbon footprint data and the implementation of new sustainability practices in 50% of respondents.

"Customer questionnaires are becoming a driving force behind carbon accounting efforts. Companies recognize the importance of meeting customer expectations and are increasingly prioritizing emissions data collection," said Lucas Fraser, CTO at Breeze.

2 - Rising GHG Emissions Transparency:

• 67% of companies publicly disclose their GHG values.
• Organizations are shifting towards greater openness and accountability as they recognize transparency as a key driver of sustainability.

3 - Increased Efficiency with Experience and Technology:

• Costs for carbon accounting decrease significantly as companies gain more experience.
• Companies using dedicated GHG management software like Breeze's platform see improved efficiency and reduced costs over time.

"As businesses move from Excel to advanced software for carbon accounting, they can concentrate on reduction strategies rather than data challenges," remarked Lucas.

4 - Challenges in Data Collection and Resource Allocation Persist:

• Nearly 90% of companies still conduct annual emissions calculations, facing challenges in data collection and resource allocation.
• Transitioning from Excel to specialized software solutions helps companies overcome these challenges.

Practical Insights: Streamlining Carbon Accounting with Breeze

The 2024 State of Carbon Accounting Report provides valuable insights for businesses at different stages of their carbon accounting journey.

• Reduce Complexity with Software:
  • Breeze's platform simplifies data collection and calculation processes, providing automated templates and comprehensive emission factors.
• Leverage Quality Data:
  • With access to thousands of reputable emission factors, businesses can ensure accurate and consistent carbon reporting.
• Optimize Costs:
  • By automating emissions calculations and adopting streamlined workflows, companies can significantly reduce the cost of carbon accounting.

Conclusion

The Breeze’s 2024 State of Carbon Accounting Report underscores the indispensable role of carbon accounting in modern business practices. Working with seasoned professionals and leveraging advanced platforms like Breeze can help companies not only reduce costs but also enhance the effectiveness of their carbon management efforts.

"The fusion of expert knowledge and innovative software solutions is crucial for sustainable success," said Lucas Fraser, CTO at Breeze. "Breeze is dedicated to leading this charge, in collaboration with our Partners, helping businesses achieve their sustainability goals more efficiently."

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