ESG Workshop on Carbon Accounting (WSHP23011201)
Nowadays, companies are actively combating the adverse effects of climate change. Increasingly, these companies strive to reach a status of "net-zero" or "carbon neutrality", which requires accurate reporting on their carbon reduction efforts.
As a professional accountant, you should be familiar with how financial transactions pertaining to a business should be recorded and measured. But how about carbon? Like financial accounting, carbon accounting focuses on quantifying the impact of an entity's business activities – though instead of quantifying traditional financial impact, it measures climate impact.
Carbon accounting helps companies to understand their overall emissions among itself (Scope 1 and 2 emissions) and its value chain (Scope 3 emissions). This will allow the company's management to make better business decisions by understanding the emissions from current operation, steering away from choices that may impact their ability to achieve their carbon reduction goals, and plan various climate-related scenarios to better respond to positive and negative scenarios arising from climate change.
What exactly is carbon accounting, how do you calculate it, and why should your business care about it?
This workshop is created to assist members of HKICPA to strengthen their technical knowledge of Carbon Accounting. Click here for an introductory video (in Cantonese with English subtitle) about the workshop.
In this workshop, the speakers will cover:
• Latest information on ESG
– Current ESG trends and standards, globally and locally
– Latest and upcoming ESG regulations in Hong Kong
• Carbon Accounting
– Introduction on standards and reporting requirements of greenhouse gas
– How to calculate Scope 1, 2, and 3 emissions
– Data collection (including value chain (Scope 3) emission)
– Climate scenario analysis planning
– Practical insights