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What are the key principles of carbon accounting?

Relevance

Ensure the GHG inventory accurately reflects the company's emissions and meets the decision-making needs of both internal and external users.


Completeness

Account for and report all GHG emission sources and activities within the inventory boundary, disclosing and justifying any exclusions.


Consistency

Use consistent methodologies to enable meaningful performance tracking over time, transparently documenting any changes to data, boundaries, methods, or other factors.\

Transparency

Address all relevant issues factually and coherently, based on a clear audit trail. Disclose assumptions and reference accounting and calculation methodologies and data sources used.


Accuracy

Ensure that GHG emissions quantification is neither systematically over nor under actual emissions, minimising uncertainties and achieving sufficient accuracy for confident decision-making.