Question 1

What is carbon accounting?

Accepted Answer

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.

Question 2

Do I need to pay extra for Payhawk Green?

Accepted Answer

No, Payhawk Green is included for free in all our [plans](https://payhawk.com/pricing-and-plans).

Question 3

How do you calculate the CO2 emissions on my card spend?

Accepted Answer

We've partnered with [Lune](https://lune.co/), 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](https://ghgprotocol.org/) and industry-specific methodologies to increase accuracy, such as [ICAO](https://www.icao.int/environmental-protection/CarbonOffset/Pages/ICEC-API-Pricing-Table.aspx) for flights or [GLEC](https://www.smartfreightcentre.org/en/our-programs/global-logistics-emissions-council/) 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](https://luneco.notion.site/FAQs-for-spend-based-emissions-calculations-with-Lune-a4591d4cb2b44873b9af7cb25f5bcb25).

Question 4

What is the Greenhouse Gas Protocol (GHG Protocol)?

Accepted Answer

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](https://lune.co/) adheres to the GHG protocol to provide you with CO2 estimates on all your card spend.

Question 5

How accurate is the Greenhouse Gas Protocol (GHG Protocol)?

Accepted Answer

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.

Question 6

What is ESG?

Accepted Answer

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.

Question 7

Is Payhawk a sustainable business?

Accepted Answer

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.

Effortlessly track carbon emissions and accelerate your ESG reporting

Understand the carbon footprint of your business spend

Unravel your Scope 3 emissions

Unravel your Scope 3 emissions

Bridge data gaps and save time with proactive data collection

Bridge data gaps and save time with proactive data collection

Collect supplier data to better understand your supply chain

Collect supplier data to better understand your supply chain

Getting started with carbon accounting is easy

Pay with your Payhawk card

We crunch the CO2 numbers

Your report is ready

Is your finance team ready for ESG reporting?

Is your finance team ready for ESG reporting?

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