Quantis is thrilled to support the creation of a global standard for evaluating avoided emissions, a pivotal initiative tailored for the financial sector in the transition to sustainable practices. While current emissions data focuses on direct and estimated indirect emissions, a standardized database for emission avoidance factors will provide a comprehensive framework for assessing contributions and comparing sustainable solutions.
This initiative is significant for economic players, offering transparency and comparability in estimating emissions avoided by financed activities. The database, built by Quantis and I Care by Bearing Point, initially covering 80 low-carbon solutions, aims to create approximately 9,600 distinct avoidance factors by Q4 2024, providing detailed information on functional units, carbon footprints, reference scenarios, solution lifespans, time value of carbon, and rebound effects. This standardized and transparent database is poised to facilitate precise calculations, comparisons, and audits of emissions avoided by companies and projects, thereby influencing the redirection of financial resources toward assets promoting decarbonization.
Latest resources
What nature-related risks does the pharma industry face?
By protecting biodiversity and natural ecosystems, the pharmaceutical industry can mitigate risks and build long-term resilience.
World Cocoa Foundation publishes first ever greenhouse gas accounting standard for the cocoa sector
World Cocoa Foundation & Quantis launch first-ever GHG standard, helping the cocoa sector measure, report, and cut emissions consistently.
Accelerating progress to 2030 climate targets
Allon Zeitoun and Géraldine Noé sit down to discuss the progress made, challenges ahead and what companies can do to accelerate action to 2030 targets.
