Carbon accountingEffortlessly track carbon emissions and accelerate your ESG reporting
Payhawk Green tracks carbon emissions and simplifies data collection for sustainability and ESG reporting to help you better understand the environmental impact of your operations and supply chain.
Understand the carbon footprint of your business spend
Unravel your Scope 3 emissions
Carbon accounting is hard, but tracking Scope 3 emission is harder. To identify potential carbon-saving initiatives, Payhawk Green helps you:
- Automatically track carbon emissions on all card spend
- Rely on globally trusted GHG Protocol for corporate accounting
- Leverage expense details such as category, department, project, and more for reporting
Bridge data gaps and save time with proactive data collection
Get ahead by tracking relevant sustainability factors per expense as it happens and ease the load for carbon accounting and sustainability leads.
- Introduce GHG emission categories or CEDA categories for any expense or invoice
- Make categories supplier-driven or choose them per expense
- Easily export your data for further detailed analysis
Collect supplier data to better understand your supply chain
Accelerate your projects by introducing additional information about your suppliers into Payhawk.
- Tag suppliers based on sustainability criteria
- Define supplier-driven data fields for expenses
- Easily export your insights to identify trends and areas for improvement
"The CO2 calculations provided by Payhawk Green are reliable and offer valuable insights, especially for tracking Scope 3 emissions. The 'spend-based' approach makes it easy to monitor total emissions, enabling companies to understand their footprint and take targeted steps towards sustainability."
Getting started with carbon accounting is easy
Whether it’s on-the-go expenses or online spend, you see spend as it happens.
Emission estimates are calculated following the GHG protocol and assigned to every transaction.
Download the report anytime and use it for further analysis or submit to third parties.
Is your finance team ready for ESG reporting?
Finance teams should play a wide-reaching role in integrating ESG into decision-making. Check out our comprehensive guide to learn:
- What does an ESG report contain?
- What does corporate ESG look like in practice?
- Why should finance teams care about ESG?
FAQ
Carbon accounting, also known as greenhouse gas (GHG) accounting or carbon footprinting, is the process of quantifying and tracking the emissions of carbon dioxide (CO2) and other greenhouse gasses (GHGs) associated with the activities of an individual, organisation, product, or process. The primary goal of carbon accounting is to measure and report on these emissions to understand, manage, and reduce the environmental impact in terms of climate change and global warming.
No, Payhawk Green is included for free in all our plans.
We've partnered with Lune, a leading environmental data analytics company, to provide you with accurate and insightful information about the carbon emissions associated with your card spend.
Lune calculates carbon emissions for each purchase as it happens, considering product category average emission factors, value, and country. The calculations are based on the GHG Protocol and industry-specific methodologies to increase accuracy, such as ICAO for flights or GLEC for logistics.
By following established protocols and frameworks and strict adherence to best practices, Lune is our trusted partner for reliable and credible estimate of an organisation's greenhouse gas emissions.
For more information please visit Lune FAQ and methodology document.
The Greenhouse Gas Protocol (GHG Protocol) is a globally accepted framework established by the World Resources Institute and the World Business Council for Sustainable Development.
Our partner for carbon emissions reporting Lune adheres to the GHG protocol to provide you with CO2 estimates on all your card spend.
The Greenhouse Gas Protocol (GHG Protocol) is widely regarded as one of the most reputable and widely used standards for measuring and managing greenhouse gas (GHG) emissions. It was developed by the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD) and is considered a highly credible and effective framework for GHG accounting and reporting.
ESG stands for Environmental, Social, and Governance. It is a set of criteria used by investors, businesses, and organisations to evaluate a company's performance and impact in these three key areas.
ESG criteria are often used to assess a company's overall sustainability and ethical practices. They have gained significant importance in business as investors, consumers, and stakeholders increasingly prioritise companies that demonstrate a commitment to responsible and sustainable business practices. Companies that score well on ESG criteria may attract more investment and have a positive reputation in the market.
We acknowledge that we can be a more sustainable business and are trying to balance this objective with our growth ambitions as a young company. As well as supporting our customers through the launch of Payhawk Green, we are in the early stages of implementing an Environmental Social and Corporate Governance (ESG) policy, have tracked our carbon footprint since 2021 and are applying for a sustainability standard. We will continue to work on our internal ESG initiatives, alongside adding more features to Payhawk Green to support our customers on their own journey.
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Measure your spend's environmental impact with Payhawk Green today!