Delivering a solution is good - delivering a sustainable one is better. Manage, improve and compliantly report sustainability with Coolset for technology.
Data warehousing, hardware and technology use all have their impact. Coolset helps you to uncover, act and improve.
“Looking at the future, we’ve set targets for 2025 and 2030. We’re looking forward to continue partnering with Coolset to achieve them.”
Discover how technology companies like Polarsteps, HelloPrint and Lepaya use Coolset to navigate sustainability and compliance.
Carbon management, also known as carbon accounting, refers to the process of measuring and managing an organization's greenhouse gas emissions across its entire supply chain. Coolset enables companies to conduct certified, Greenhouse Gas Protocol-aligned Scope 1-3 emissions measurements on its platform. The GHG Protocol methodology, approved under CSRD guidelines, provides accurate insights into your company's carbon footprint and ensures compliance with regulatory standards.
Spend-based accounting
Spend-based accounting calculates emissions based on the financial expenditure of goods and services. It uses emission factors that represent the average emissions per unit of currency spent across various categories. Coolset leverages a database of 11,000+ vetted emission factors to ensure accuracy for every transaction.
Activity-based accounting
Activity-based accounting calculates emissions based on specific activities and processes. It uses detailed data on actual physical units of activity (e.g., kilometers traveled, kilograms of material used).
Why use a hybrid model?
Coolset uses a hybrid model to maximize the use of available data. Most companies do not have complete coverage of activity-based data for their organizational footprint. This is why Coolset lays the foundation with spend-based accounting to ensure comprehensive coverage of Scope 1, 2, and 3 emissions, and supplements it with activity-based accounting where data is available to refine the initial calculation.
By using this hybrid model, Coolset can tailor its approach to meet your company's needs, regardless of where you are in your sustainability journey.
Measuring your company's carbon footprint is essential for several reasons:
Compliance: Regulatory requirements, such as the Corporate Sustainability Reporting Directive (CSRD), mandate carbon footprint reporting for companies. Staying ahead of these requirements ensures compliance and avoids potential penalties.
Environmental responsibility: Understanding your carbon emissions allows you to identify areas for improvement, reduce your environmental impact, and contribute to global sustainability efforts. By actively managing emissions, your company can align with international climate goals.
Cost savings: Reducing emissions often leads to operational efficiencies, such as lower energy usage and resource optimization, which can translate into significant cost savings over time.
Reputation: Demonstrating a strong commitment to sustainability can enhance your brand reputation, making your company more attractive to environmentally-conscious customers, investors, and partners. A proactive approach to carbon management also strengthens trust and credibility in the market.
Investor and stakeholder expectations: Increasingly, investors and stakeholders are prioritizing sustainability in their decision-making processes. Measuring and reporting your carbon footprint can make your company more appealing to those looking for responsible investments.
Coolset supports this process by offering TÜV Rheinland-certified, accurate GHG Protocol aligned emissions measurements, ensuring that your company not only meets compliance requirements but also drives real environmental impact with reliable data.