Co-written by Ellah Blois, Growth Specialist with Carbonhound

One of the ways Green Economy London supports businesses to take climate action is by helping them track their greenhouse gas (GHG) emissions. Understanding emissions is an important step toward making meaningful changes. By conducting GHG inventories, we help businesses pinpoint their main sources of emissions. With these insights, businesses can better understand their environmental impact and set realistic, and meaningful goals. 

Green Economy Canada recently partnered with Carbonhound to simplify the process of tracking and managing greenhouse gas (GHG) emissions for businesses in our network. This collaboration brings user-friendly technology to Green Economy Hubs, including Green Economy London, making GHG tracking more straightforward than ever. In this post, co-authored by Ellah Blois of Carbonhound, we’ll explore Carbonhound, the significance of carbon accounting for businesses, and how our partnership advances collective efforts toward a more sustainable future.

Read Green Economy Canada’s announcement here

What is Carbonhound? 

Carbonhound is a Toronto-based Climatetech SAAS platform that helps companies automate, measure, and report on their greenhouse gas emissions to help them meet their goals. Companies might need to understand their carbon emissions for many reasons, including internal sustainability goals, external commitments, customer requests and expectations, or regulatory pressures. Having credible emissions data is becoming part of business as usual, and Carbonhound’s goal is to make it accessible to businesses of all sizes. 

Carbonhound also helps organizations understand business risks and opportunities related to climate change, enabling them to address these challenges proactively. Since many companies don’t have the internal resources, expertise, or time to confidently report on their emissions, Carbonhound’s software handles the data collection and management—as well as the calculations—and integrates with thousands of primary sources (such as utility service providers, procurement data, and transportation bills) to deliver high-credibility climate reports. 

Traditionally, carbon accounting is a lengthy and expensive process, Carbonhound streamlines this process, reducing the timeline to 1-3 months and saving customers up to 70%. By automating data collection and reporting, Carbonhound empowers businesses to confidently take climate action. 

Why is Carbon Accounting Important for Businesses?

Tracking carbon emissions is crucial for businesses for several reasons. It enables businesses to comply with increasingly stringent environmental regulations and avoid costly fines. It also allows businesses to accurately report their carbon footprint to stakeholders, including investors, customers, and the public, enhancing transparency and building trust. This transparency can attract environmentally conscious investors and customers, improving brand reputation and driving business growth. Moreover, tracking emissions helps identify areas for improvement in energy efficiency and resource utilization, leading to significant cost savings. By reducing their carbon footprint, businesses can also mitigate the financial risks associated with climate change, such as supply chain disruptions and increased insurance premiums. Ultimately, tracking carbon emissions is not just an environmental responsibility but also a strategic business imperative that can enhance profitability, drive innovation, and ensure long-term sustainability.

By partnering with Carbonhound, our network is making it easier than ever for businesses to track and manage their GHG emissions. Whether you’re just starting your sustainability journey or looking to take your climate action to the next level, we’re here to help.

Reach out to learn more about how we can support your business in achieving its sustainability goals!