Why prepare your inventory after your financial reporting has been completed
Calculating your organisation's carbon emissions and producing a carbon report can be completed anytime throughout the year; however, Pathzero recommends completing your carbon report at the end of your reporting year (either calendar or financial). This is due to a number of reasons including;
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Much of the data required for financial reporting is also used for when completing an emissions inventory. As data will have already been collected and available, doing both reports around the same time is an efficient way to save time and money.
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The data derived from carbon reports are useful sources of information to set goals for the following reporting year. This allows organisations to create a pathway for environmental initiatives to be undertaken and tracked on a yearly basis.
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Having tangible evidence of your sustainability performance is great for internal tracking and benchmarking.