Accounting for Corporate Carbon Emissions

Carbon accounting is crucial for corporate ESG strategies, helping businesses track emissions and shape policies like the EU’s Carbon Border Adjustment Mechanism. BASF uses carbon data for business transformation. However, flaws in the Greenhouse Gas Protocol—like unclear emissions attribution and reporting flexibility—lead to inconsistencies. The cement industry contributes 7-8% of global emissions, and companies like Heidelberg Materials and BASF are working on CO2 reduction through strategies, transparency, and technology to meet their climate goals.