GLOSSARY

Carbon Accounting & Climate Disclosure Glossary

Clear definitions of the terms you meet in carbon accounting and climate disclosure, with the standards behind them.

8 terms · A–Z
GHG accounting & verification

Carbon accounting

Also called GHG accounting

The system for measuring, recording and reporting a company’s greenhouse gas emissions so the numbers can be trusted.

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Disclosure & regulation

CSRD · ESRS

Corporate Sustainability Reporting Directive · European Sustainability Reporting Standards

The EU law that requires sustainability reporting, and the standards that say what to report.

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Disclosure & regulation

Double materiality

Materiality assessment for sustainability reporting

Deciding which sustainability topics to report by looking at impacts on people and the planet and at financial effects on the company.

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GHG accounting & verification

GHG emissions calculation

Measuring Scope 1, 2 and 3 emissions

Turning activity data into tCO₂e: setting boundaries, choosing methods and emission factors and applying GWPs.

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GHG accounting & verification

GHG inventory

Greenhouse gas inventory

A company’s emissions by source, split into Scope 1, 2 and 3, plus the process to rebuild it the same way every year.

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GHG accounting & verification

GHG verification

Third-party verification and assurance of emissions

An independent check that reported emissions are complete, accurate and backed by evidence.

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GHG accounting & verification

Scope 3

Other indirect (value chain) emissions

Indirect emissions across the value chain, grouped into 15 upstream and downstream categories.

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Disclosure & regulation

Sustainability disclosure

ESG disclosure · ISSB (IFRS S1 and S2)

Reporting sustainability-related risks, opportunities and metrics alongside financial statements, now led by ISSB and CSRD.

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From knowing the terms to filing the report

See how Aentscope runs measurement, verification and reporting in one place.