This programme is one of the Eligible Programmes under the Pilot Green and Sustainable Finance Capacity Building Support Scheme, (https://greentalent.org.hk/).

ESG Workshop on Carbon Accounting (WSHP24050701)

What exactly is carbon accounting, how do you calculate it, and why should your business care about it?

In today's world, companies are actively taking measures to combat the adverse effects of climate change. There is a growing focus on achieving a state 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 enables companies to assess their overall emissions both within their own operations (Scope 1 and 2 emissions) and across their value chain (Scope 3 emissions). This comprehensive understanding empowers the company's management to make informed business decisions. By gaining insights into their current emissions, they can steer away from choices that may hinder their ability to achieve their carbon reduction goals, enabling them to plan various climate-related scenarios to better respond to both positive and negative impact arising from climate change.

This workshop is created to assist members of HKICPA to strengthen their technical knowledge of Carbon Accounting.

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