Audit-ready carbon measurement
for complex supply chains.
Delivered in weeks.

Terrascope possesses proprietary capabilities for tracking data confidence, visualising emission factors in detail, and simulating the impact of reduction initiatives on emission factors. All these features enable companies to address their existing data gaps and move towards using more precise data for carbon measurement.

In essence, Terrascope addresses the emissions aspect of the E (environment) component within ESG reporting.

By providing credible and auditable emissions data that are GHG Protocol compliant, Terrascope is able to deliver on the carbon-related analytics that many companies need for accurate and timely disclosures.

In addition to our software, we offer professional services and collaborate with a network of expert partners to support your sustainability journey comprehensively. By leveraging technology to automate and expedite processes, coupled with the expertise of both internal and external specialists, we aim to minimise uncertainties in your sustainability landscape.

Companies need to be aware of any regulatory reporting requirements they need to fulfil, and if they are listed on any stock exchanges, any mandatory reporting requirements required. 

Beyond mandatory requirements, the appropriate choice of framework depends on the purpose of disclosure. Considering that companies often face resource constraints such as manpower and financial budgets, it's crucial to prioritise based on practical necessities.

For instance, if your customers or investors seek comprehensive reports covering environmental, social, and governance (ESG) domains, aligning with GRI could be advantageous.

Conversely, if stakeholders prioritise climate-related risks and opportunities, initiating with a TCFD-aligned report might be prudent. Subsequently, gradual enhancements can align with ISSB standards.

Be it a company or a large multinational, climate change affects all businesses. Getting started, regardless of the chosen reporting framework, is the best way to prepare.

Terrascope can help companies with carbon accounting and disclosing mitigation plans in line with CSRD requirements.

What is the CSRD?
The Corporate Sustainability Reporting Directive (CSRD) came into effect in January 2023, marking a significant shift in sustainability reporting for companies operating in the EU.

Implications of the CSRD
Companies operating in the EU will be required to report their measurements according to the CSRD, which supersedes the existing Non-Financial Reporting Directive (NFRD) and goes beyond the Task Force on Climate-related Financial Disclosures (TCFD).

Unlike the NFRD, the CSRD mandates independent assurance and imposes penalties on non-compliant entities. Even companies that follow the TCFD now will likely need to expand the nature and extent of their disclosure to comply with the CSRD.

Starting from 2024, companies with ≥500 employees will be required to report their measurements in line with the CSRD. In subsequent phases, other large EU companies, listed EU small and medium enterprises, and non-EU parent companies with subsidiaries in the EU will also be required to comply.

For more on how Terrascope facilitates CSRD compliance, read here.

Though CDP and TCFD reports have many similarities, they are used by different types of stakeholders to fulfil different purposes.

While carbon credits can play a role in offsetting unavoidable emissions over the long term, it is crucial for companies to prioritise reduction efforts through a holistic approach, guided by the mitigation hierarchy.

The use of carbon credits should not come before reduction initiatives SBTi acknowledges that purchasing high-quality carbon credits, in addition to reducing emissions along a science-based trajectory, can significantly accelerate the transition to Net zero emissions at the global level.

Carbon credits serve two primary roles:

In the transition to Net zero:
Companies may choose to buy carbon credits as they move towards achieving Net zero emissions (in addition to science-based mitigation efforts targeting value chain emissions) to contribute to society's goal of reaching Net zero emissions by 2050.

At Net zero:
Companies with residual emissions within their value chain are expected to neutralise those emissions with an equivalent amount of carbon dioxide removals by their Net zero target date, and these removals can be obtained through carbon credits.