It is estimated that the top 3,000 companies in the world caused damage to the environment worth $2.25 trillion USD (£1.5tn) in 2008 – a jaw dropping statistic which researchers say is indicative of “crisis proportions” of pollution and the rapid loss of freshwater fisheries and fertile soils due to industry.

Given this growing awareness of business impact and the resulting damage to the natural environment, and with global summits such as Copenhagen and Kyoto driving governmental focus on the environment and business impact, more and more countries will impose tracking and limitation rules on Greenhouse gases and carbon emissions, and the standards and initiatives on GHG and Carbon Accounting will only become more pervasive and stringent.

As the initiatives take deeper hold, carbon (or green) accounting will actually put a greater burden on SMBs as they generally don’t have tracking systems in place. And, the cost of carrying out the tracking will be greater as a percentage of revenue than for larger firms.

Using an internationally recognized system for carbon analysis and trading, your company can support reporting for carbon accounting around electricity use, water consumption, transportation, natural gas, waste and other factors to find ways to save energy and money and enable it to implement and maintain sustainable business practices.

Has your company undertaken any carbon accounting initiatives?