Reliable measurement and accounting of greenhouse gas (GHG) emissions is critical to climate accountability and attribution. According to an analysis by The Washington Post, the gap in underreported GHG emissions “ranges from at least 8.5 billion to as high as 13.3 billion tons a year”. Today, carbon accounting suffers from data quality issues, measurement and reporting inconsistencies, siloed platforms, and infrastructure challenges. This makes it difficult to compare, combine and share reliable data, particularly for companies.
The Carbon Call uncovers and addresses gaps in existing global carbon accounting systems, focusing on carbon removal and land sector, methane and indirect emissions. The Carbon Call will work collectively to identify where more accurate information is needed to improve reliability and advance interoperability by design – both in carbon accounting reports (or ledgers) and the data ecosystems that support them.
Signatories to the Carbon Call support the enabling conditions needed for a more reliable global system of interoperable carbon accounting reports (or ledgers). To that end, signatories commit to report GHG emissions and offset information comprehensively, including all scopes and classes of GHG emissions, annually and transparently. Signatories include Capricorn Investment Group, EY, GSK, KPMG, Microsoft, and Wipro.