Empowering businesses with accurate sustainability reporting in 2023

With carbon reporting requirements expanding around the world, 2023 will see many businesses disclosing their emissions for the first time.

Normative has released a suite of new updates for the 2023 carbon reporting season, enabling businesses to more accurately account for and disclose their full greenhouse gas emissions.

Accurate & customized emissions reporting

We have evolved the Normative carbon accounting engine’s calculation and reporting, empowering businesses to produce even more accurate carbon disclosures.

With these optimizations, we are equipping sustainability professionals with the emissions information they need to speed through reporting season and drive change in 2023.

Improved areas include:

• Accuracy: We have added nearly 10,000 emissions factors to the Normative database since last reporting season, and have increased the amount of categorizations to nearly 9,000. A deep database ensures refined calculations.

• Customization: Users can now better organize their data within Normative, ensuring that their emissions profile reflects the way their business operates. 

Reporting business emissions: an overview

With pressure increasing from legislators, investors, and customers, more businesses than ever before will be reporting their emissions in 2023.

To report emissions, a business first needs to calculate them using carbon accounting, a process that involves mapping operations and purchases to their resulting greenhouse gas emissions. 

This is particularly complicated to accomplish in the value chain, where data can be challenging to collect – especially for enterprise businesses, whose suppliers often number in the thousands. 

When enterprises report their emissions inaccurately or non-comprehensively, they risk non-compliance – and the resulting legal and financial consequences – as well as allegations of greenwashing.

Normative’s carbon accounting engine enables businesses to comprehensively calculate their emissions. The engine draws from over 30 million data points to translate a business’s activities and financial spend into a comprehensive carbon footprint calculation.

Powered by automation, the engine is especially valuable for large enterprises, whose complex operations and value chains are difficult to parse manually. 

Normative’s calculation methodology is rooted in the Greenhouse Gas Protocol, the most established and trusted framework for calculating business carbon emissions. In a unique move in the industry, Normative has publicly released a breakdown of detailed insights into its methodology to increase the transparency and auditability of its calculations.