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Five Early Steps to Prepare for Your Carbon Report

Prepare your carbon report with 5 key steps: frameworks, emissions inventory, reduction targets, and tools for sustainability success.

Ava Montini

Jan 21, 2025

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Preparing a carbon report is a powerful opportunity to align your organization with forward-thinking strategies, meet stakeholder expectations, and uncover new ways to enhance operational efficiency. As sustainability continues to shape the business landscape, reporting on carbon emissions has evolved beyond compliance to become a cornerstone of long-term value creation.


The reality is clear: over 66% of the world's largest companies now disclose climate-related data through frameworks like CDP, reflecting the growing demand for transparency. In the U.S., buildings alone account for approximately 31% of total greenhouse gas emissions, making industries like real estate and property management key players in addressing climate challenges.


While the process can seem complex, it is entirely manageable with the right approach. From understanding reporting frameworks to streamlining data collection, this journey is about building a clear, actionable plan that sets your organization up for success. By focusing on key priorities and leveraging proven strategies, you can take confident steps toward creating a carbon report that reflects your commitment to innovation and leadership.


Here's how to begin:

1. Understand the Frameworks and Requirements

Carbon reporting begins with understanding the frameworks and regulations that apply to your organization. These frameworks are essentially the rulebooks that guide how you measure, calculate, and present emissions data. Choosing the right one depends on your industry, geographic location, and specific requirements from stakeholders, investors, or regulators.


For example, the Greenhouse Gas Protocol (GHGP) is a foundational standard that categorizes emissions into three scopes: Scope 1 (direct emissions), Scope 2 (indirect emissions from purchased energy), and Scope 3 (all other indirect emissions across your value chain). Meanwhile, platforms like CDP and frameworks like TCFD focus on how companies disclose emissions to investors and other audiences.


The first step is identifying which frameworks are required or preferred for your organization. U.S.-based companies should pay particular attention to the SEC’s proposed rules for climate disclosures, which could require public companies to report more detailed emissions data. Additionally, consulting with sustainability professionals or using resources like the Greenhouse Gas Protocol’s Corporate Standard can provide clarity and structure.



Scopes 1, 2 and 3 Emissions Inventorying and Guidance | US EPA

2. Build a Comprehensive Emissions Inventory

Your emissions inventory is the foundation of your carbon report. It involves identifying and quantifying all emissions across your organization. This inventory will include direct emissions from owned assets, indirect emissions from energy use, and, if applicable, emissions from your value chain.


To start, define your organizational boundaries. Will you report emissions based on operational control (activities you oversee directly) or equity share (based on your ownership percentage)? Next, gather data from utility bills, fuel logs, procurement records, and any other relevant sources. If collecting this data feels overwhelming, prioritize high-impact emissions sources first, such as energy use or transportation, and expand from there.


Digital tools can simplify this process. Platforms like EPA’s Simplified GHG Emissions Calculator or specialized carbon accounting software can help centralize and automate data collection. Partnering with teams across your organization—such as facilities management and procurement—can also ensure data is accurate and complete.


Other Resources to Leverage:



3. Focus on High-Impact Emissions Sources

Not all emissions are equally significant, and prioritizing high-impact areas can make your efforts more effective. By focusing on emissions sources that account for the largest share of your footprint or are most relevant to stakeholders, you can direct resources where they’ll have the greatest impact.


To prioritize effectively, consider conducting a materiality assessment. This process involves evaluating which emissions sources are most relevant to your business and stakeholders. Engaging with investors, clients, and regulators can provide additional insights into what matters most. Benchmarking your data against industry peers can also help you identify areas where your organization may be lagging or leading.


Visualizing emissions through heatmaps or similar tools can further clarify where to focus your efforts. These insights can guide decisions on upgrades, retrofits, or supply chain adjustments, ensuring your carbon reporting efforts translate into meaningful action.


Resources to Leverage:



4. Set Clear Reduction Targets and Timelines

Once you have a clear picture of your emissions, the next step is setting reduction targets that align with your organizational goals. These targets provide direction and accountability, signalling to stakeholders that you’re serious about sustainability.


Begin by establishing a baseline year—a starting point against which future progress will be measured. From there, set short- and long-term goals. For example, you might aim to reduce Scope 2 emissions by 25% over five years through renewable energy procurement or energy efficiency upgrades. Aligning your targets with global initiatives like the Science-Based Targets Initiative (SBTi) can further demonstrate your commitment to climate goals.


Regularly communicating progress toward these goals can help build trust with investors, tenants, and other stakeholders. Transparency about challenges and adjustments also demonstrates your commitment to continuous improvement.


Resources to Leverage:



5. Invest in Infrastructure and Expertise

Successful carbon reporting requires robust infrastructure and a knowledgeable team. Whether it’s tools for data collection or employee training, these investments can streamline the process and ensure accuracy.


Many companies start by adopting carbon accounting software, which automates data management and reporting. Platforms like Sphera, Envizi, or Ecovadis offer features that track emissions across scopes, analyze trends, and generate reports tailored to specific frameworks. For organizations with complex operations, these tools can save significant time and effort.


Equipping your team with the right expertise is equally important. Training employees on reporting frameworks, data collection methodologies, and compliance requirements can reduce reliance on external consultants over time. Partnering with third-party verification bodies can also enhance the credibility of your reports, especially if they’ll be shared with investors or regulators.


Resources to Leverage:


Preparing for your carbon report is about more than compliance—it’s a strategic opportunity to lead on sustainability, improve operations, and strengthen stakeholder relationships. While the process may seem complex, following these five steps will provide a clear roadmap to get started.


As you embark on this journey, remember that every organization’s path will look a little different. What matters most is taking the first step and building momentum. By investing in education, planning, and collaboration, you can turn the challenge of carbon reporting into an opportunity to create lasting value for your business and the environment.

What is A Sustainable Business? And How it Can Benefit You?

Writer's picture: Jennifer CrowleyJennifer Crowley
Aug 8, 2023

What is a Sustainable Business?

A sustainable business, also known as a green or environmentally sustainable business, refers to an enterprise that operates in a manner that considers and minimizes its impact on the environment, society, and the economy. It is characterized by practices and strategies that integrate environmental and social considerations into its core operations and decision-making processes.

Glass mason jar spilling out stacks of coins with atop a bed of black earth amidst a greenery backdrop. Soil and green sprouts grow from each stack of coins
A sustainable business aims to achieve long-term economic viability while considering the environmental and social aspects.

Here are some key characteristics and principles of a sustainable business:


Environmental Stewardship

A sustainable business takes proactive measures to minimize its negative environmental impact. This includes adopting energy-efficient practices, reducing greenhouse gas emissions, minimizing waste generation, promoting recycling and resource conservation, and using renewable resources whenever possible.


Social Responsibility

A sustainable business recognizes its responsibility towards society and engages in ethical practices. It ensures fair treatment of employees, promotes diversity and inclusion, upholds human rights, and maintains safe and healthy working conditions. It also engages with local communities, supports social initiatives, and respects cultural diversity.


Economic Viability

A sustainable business aims to achieve long-term economic viability while considering the environmental and social aspects. It seeks to strike a balance between profitability and responsible business practices. This involves incorporating sustainability into its business strategies, assessing and managing risks, and pursuing innovation and efficiency to create economic value.


Stakeholder Engagement

Sustainable businesses actively engage with their stakeholders, including employees, customers, suppliers, local communities, and investors. They involve stakeholders in decision-making processes, listen to their concerns and feedback, and address their needs. This collaborative approach helps build trust, foster positive relationships, and align business goals with stakeholder expectations.


Supply Chain Management

A sustainable business considers the sustainability performance of its supply chain. It seeks to work with suppliers that share similar values and adhere to environmental and social standards. This includes ensuring responsible sourcing, promoting fair trade practices, and supporting suppliers in improving their sustainability practices.


Transparency and Reporting

A sustainable business embraces transparency by openly communicating its environmental and social performance to stakeholders. It may publish sustainability reports, disclose environmental impacts, and provide information about its sustainability goals, progress, and challenges. This promotes accountability and allows stakeholders to make informed decisions and evaluate the business’s sustainability performance.


Why Is Sustainability Important?

Wooden blocks stacked in a grouping of 9. Each block features a building block sustainability icon; together, these images showcase the pillars of sustainability
55% of consumers say environmental responsibility is significant when they are choosing a brand.

A sustainable business plays a significant role in the environmental and social parts of society. Additionally, a business benefits both financially and socially from promoting sustainable efforts. Companies that think about the future and their broader impacts on society and the planet see tangible benefits. These include:


  1. Employees are increasingly looking for mission-driven, purpose-led employers who care about the planet when deciding where to work. 71% of employees and employment seekers say that environmentally sustainable companies are more attractive employers.

  2. Consumers are willing to pay a premium for goods from brands that are environmentally responsible. 80% of consumers indicate sustainability is essential to them.

  3. Governments, investors, employees, and customers are demanding new levels of enterprise accountability, including action to address climate change.

  4. Many of the world’s top economies have or are developing corporate disclosure requirements around environmental impact, driving businesses to curb GHG emissions.

  5. The rise of environmental, social and governance (ESG) investment criteria and sustainable investing means that a sustainable business is inherently more attractive to the rising numbers of responsible investors. Investment in ESG assets may reach USD 53 trillion by 2025, representing over a third of global assets.


Benefits of Sustainability in Business:

Investor Appeal

4 out of 5 personal investors plan to act on sustainability or social responsibility factors in the next 12 months.


Increased Longevity of Transformation Investments

The COVID-19 pandemic has accelerated digital transformation in most companies. If that transformation is sustainable, you’re building a more resilient business that is ready for disruption and new opportunities.


Competitive Advantage

55% of consumers say environmental responsibility is very or significant when choosing a brand. Being known as a sustainable business can improve your brand awareness and help you attract consumers that are favourably predisposed to companies actively engaged in sustainable practices.


Talent Acquisition

Employees seeking purpose-driven employment want to work for sustainable and socially responsible companies. By building a reputation as a sustainable business, you can attract and retain the right employees for your company.


Potential Challenges with Sustainability in Business

  1. Cost: Implementing sustainable business practices typically requires higher upfront investments. In the short term, it will often be cheaper to stick with the status quo. Some organizations will need help building an investment case to show how immediate investment will result in more stable profitability over the long run.

  2. Supply chain inefficiency: Companies may lack the ability to implement sustainable solutions or even know where to start.

  3. Lack of expertise: Being unprepared to develop a corporate sustainability vision, strategy, and framework is a considerable risk. Every business needs an ecosystem of innovation partners to help them reinvent the world and create a sustainable future.

Explore expert insights, stay up to date with industry events, and gain a deeper understanding of the cutting-edge developments that are revolutionizing the indoor air quality landscape within Blade Air's comprehensive Insights Hub.

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