Launching RED Platform’s Corporate Carbon Footprint Calculator

Launching RED Platform’s Corporate Carbon Footprint Calculator

You will probably notice that the term “corporate footprint” is becoming more and more widespread. As environmental issues grow in importance for businesses in all industries, your corporate footprint has become a key issue. Ultimately, global warming is what has led to international decision-making. Thus, was born the Paris Agreement, which proposed a substantial reduction in global greenhouse gas emissions to limit global warming in this century to 2 degrees Celsius, while continuing efforts to limit growth even more to 1.5 degrees.

If you are wondering how companies can calculate their carbon footprint and reduce their emissions later, read this article about what’s new on RED Platform and you will understand immediately.

First, what exactly is a carbon footprint?

Carbon Trust states that ‘A carbon footprint measures the total greenhouse gas emissions caused directly and indirectly by a person, organization, event or product.’ Carbon dioxide is the most common greenhouse gas from burning fossil fuels such as coal, gas, gasoline and diesel.

How can we calculate how much carbon our company emits into the atmosphere?

To be able to calculate your company’s carbon footprint, it is necessary to collect data from each of the relevant activities of the company due to which emissions are released. These include: electricity consumption, natural gas use, water supply, business travel, hotel accommodation, personnel commuting, expenses on goods and services and even emissions from employees working from home. To report this data, it is necessary to choose a period of 12 months to keep track of the emissions released into the atmosphere for 1 year.

The new corporate carbon footprint calculator on the RED Platform

To make it easier for your company to count this data, we have implemented an automatic corporate carbon footprint calculator on the RED platform. This type of calculator will only be available for franchises. You can access it from the left menu. All you have to do is click on it and then click again on ’Create new calculation’. In doing so, you will exercise your desire to create a report on the company’s CO2 emissions. This is why you will need to fill in the name under which the report will be generated later.

The steps you will take to generate your report

  1. Provide necessary company details. To start, you need to fill in the information related to the company. These are: company name, number of employees, an image that will represent the company logo in the report, the company address, as well as the company address work point.
  2. Provide necessary report details. In the second step, you need to download the template file. Then fill in the data about your company and upload it to generate your report. You must also complete the period in which the data was collected, ie the year for which the report is made, as well as the number of working days in that period.
  3. Emission details report. In this step, all you have to do is upload the completed spreadsheet and then click ’Complete’. After that, you can view the report and, of course, generate it in pdf format if you prefer.

Wondering how this report helps your company and what you can do next?

Well, as we said above, it is very important to know the amount of emissions that we release into the atmosphere just to know how much we need to reduce and offset to reach zero emissions. And no, it is not impossible to achieve. The RED platform has the solution for this aspect as well, directly from the application. By using tokenized carbon credits you can issue Green Certificates of Sustainability attesting the amount of CO2 offset by your company. Thus, by burning these tokens we can create a balance and we can reach the zero level of emissions we are talking about.

RED Platform Sustainability System

The road from the carbon footprint calculation to the offset on the RED Platform comprehends all the tools you need in order to make your business carbon neutral. Tackle into new possibilities of growth by implementing new strategies and resolutions with the help of RED Franchises and blockchain technology.

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Published: April 7, 2022

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