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Navigating corporate carbon budgeting and tracking

Corporate Carbon Budget with PredictX

PredictX’s Sustainability module allows for more accurate and granular calculations of CO2 emissions.

This module is designed to meet both current and future sustainability reporting needs, ensuring that you can include necessary calculations as required, either by importing the calculation logic into PredictX or through connectivity with a dedicated CO2 reporting database

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Why is CO2 tracking & budgeting important?

Corporate travel is a significant contributor to many company's scope 3 emissions, which are indirect emissions from activities not owned or directly controlled by the company.

To accurately measure and report CO2 emissions from corporate travel, companies need both accurate measurements of the amount and characteristics of travel, and a resilient model to transform travel into emissions.

For companies with significant operations inside the EU, this will become even more complicated, as the Corporate Sustainability Reporting Directive comes into effect.

Increasingly, many companies are also adopting carbon budgets or other approaches to manage demand for travel.

What are the challenges in conducting CO2 tracking & budgeting?

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Complexity of Collecting Data:

Collecting activity data on business travel, including air travel (broken down by flight class and distance), hotel stays, rental cars, and other modes of transportation used for business purposes.
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Complexity of Calculating data:

Applying the appropriate emission factors to each travel activity to calculate the associated CO2 emissions. Emission factors can be obtained from databases like the GHG Protocol or government sources.
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Data Integration:

Ensuring that corporate travel emissions are comprehensively accounted for within the company's scope 3 emissions inventory, as per the GHG Protocol Corporate Standard. Many companies tend to underreport or omit certain categories of scope 3 emissions, including business travel.
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System Implementation:

Implementing systems and processes to systematically track and report business travel data from employees, travel agencies, or corporate travel management systems. This data is crucial for accurate emissions calculations.
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Setting Target:

Considering setting reduction targets and strategies specifically for corporate travel emissions, such as encouraging virtual meetings, optimizing travel routes, or offsetting unavoidable emissions.

FAQs

Explore some of the frequently asked questions about corporate carbon budgeting and tracking

What is PredictX's approach to sustainability in corporate travel?

PredictX’s Sustainability module allows for more accurate and granular calculations of CO2 emissions. This module is designed to meet both current and future sustainability reporting needs, ensuring that you can include necessary calculations as required, either by importing the calculation logic into PredictX or through connectivity with a dedicated CO2 reporting database.

How does PredictX calculate CO2 emissions for travel?

PredictX's sustainability management module enables reporting from a range of travel categories. The module provides true distance calculations based on actual flight paths and granular CO2 calculations from actual aircraft type and schedules. This ensures that the CO2 emissions are calculated with high precision.

Can PredictX model the carbon impact of future travel behavior?

Yes, carbon emissions tracking and modeling are fully integrated into PredictX’s Simulation Engine. This allows you to model the carbon impact of future simulated behavior, helping you to plan and make decisions that align with your sustainability goals.

Are CO2 emissions numbers included in PredictX's automatic reports?

CO2 emissions numbers are calculated at a transactional level and - once made available through the Sustainability module - are available for inclusion in any PredictX report, including automatic reports. This data benefits from the validation and integration inherent to all PredictX applications, ensuring accuracy and reliability.

Can PredictX aggregate and refresh CO2 data for reporting tools?

PredictX is capable of aggregating CO2 data based on provided specifications and can provide outputs via or . Additionally, PredictX always supports manual export of data to ensure seamless integration with your existing reporting tools and workflows.

How does PredictX contribute to continuous improvement in sustainability analytics?

PredictX is committed to continuous improvement, reinvesting a significant portion of revenue into R&D activities. This dedication ensures that PredictX is meeting not only today's best practices but also preparing for tomorrow's, in line with the philosophy of continuous improvement and innovation.

Ready to unlock the potential of your travel data ?