Cogo’s Impact team leverages the power of Environmentally Extended Input-Output’ (EEIO) models to develop country-specific spend-based carbon emission factors datasets. By connecting this to the world of financial data, we enable rapid individual and business carbon footprinting at scale.
The ‘invisible’ cloud - a pragmatic approach to reducing Scope 3 emissions from cloud computing According to the GHG Protocol corporate standard, a company's greenhouse gas emissions can be classified into three ‘Scopes’. Scope 1 and 2 are mandatory to report, whereas scope 3 is mostly voluntary and the hardest to monitor. For this reason, they’re often referred to as the ‘invisible’ carbon footprint. This post delves into what Scope 3 emissions are and a pragmatic approach to effectively managing them - drawing from Cogo’s own experience with its cloud carbon footprint. TLDR: It’s easier than you think!
Banks can use transactional data to help customers measure, understand and reduce their carbon footprint. Not only will this help drive action at scale, but implementing a carbon management strategy can help drive ROI for banks. Keep reading to find out how.