HOW THE CARBON FOOTPRINT IS CALCULATED

The Carbon Footprint is the calculation of the total greenhouse gases (GHG) emitted by an individual, organization or product, directly or indirectly.

The carbon footprint is thus configured as a basic reference point for the initiation of actions to reduce CO2 emissions and for the use of resources and materials with better environmental performance.

The Carbon Footprint of an organization includes those emissions associated with the company’s activity, and there is a state registry for those entities that wish to register their footprint. On the other hand, the product carbon footprint measures the GHG emissions generated in each of the phases of a product’s life cycle, from the procurement of raw materials and energy to the management of the waste generated. In this sense, Life Cycle Analysis (LCA) is the technical basis for calculating the product carbon footprint in accordance with ISO 14067.

LCA can be applied to several impact categories (climate change, ecotoxicity, eutrophication and fuel consumption, among others) or only to certain emissions, as would be the case of the product carbon footprint or the water footprint (which computes water consumption and changes in water quality).

At Euro-Funding, we offer the possibility of carrying out a Life Cycle Analysis of the company’s products which will be the starting point for the eco-design of your products. This is something that is booming due to the current time of continuous change towards a low carbon and more environmentally friendly economy.

How the carbon footprint is calculated

NEW LAW THAT FORCES TO CALCULATE AND PUBLISH THE HCO

The royal decree that regulates the organizational carbon footprint registry (Royal Decree 163/2014) will be updated soon. Currently, this royal decree is of voluntary application, but after its update, in accordance with the climate change and energy transition law (Law 7/2021), it will oblige certain companies to calculate and register their organizational carbon footprint, as well as Have a plan to reduce your emissions. In this way, no later than May 22 of this year, the Government will establish the typology of companies with activity in the national territory that must calculate and publish their organizational carbon footprint.

Shall we talk about calculating your carbon footprint?

Calculating the carbon footprint of an organization involves a detailed analysis of the activity it carries out, varying its complexity based on the number of GHG emission sources considered for the calculation.

TYPES OF EMISSIONS ASSOCIATED WITH AN ORGANIZATION’S OPERATIONS

  • Direct GHGs: are emissions from sources that are owned or controlled by the organization.
  • Indirect GHG: are emissions resulting from the organization’s activities,
    and that occur at sources owned or controlled by another organization.

BENEFITS OF CARBON FOOTPRINT CALCULATION

  • Reduce the costs of energy consumption for lighting, air conditioning, heating and transport
  • Contribute to the reduction of GHG emissions and to greater environmental awareness
  • Positive variable for public procurement
  • Access to public grants, for the implementation of measures to reduce GHG emissions in the industrial, tertiary and residential sectors

EURO-FUNDING HAS RECORDED ITS CARBON FOOTPRINT

At Euro-Funding we are aware of the importance of the fight against climate change, so in addition to calculating the carbon footprint of our clients we have calculated ours from 2014 to present, obtaining a downward trend in emissions in our sixth year (2020). This has allowed us to reflect in the stamp the shading of “CALCULATION” and “REDUCTION”.