February 21, 2024

Virág from the climate-neutral working group met today with Elie, the climate officer, to review the CO₂ calculations for 2023 and go through questions Elie had in order to finalize his calculations. During the meeting, we realized that since CO₂ accounting is based on project invoices—and not everything that causes emissions involves a monetary transaction—the resulting data is somewhat patchy. We also recognized that, in order to capture absolutely everything, we would have needed far more meticulous documentation, which seemed unfeasible given the project’s complexity and resources. Trying to reconstruct emissions solely from invoices turned out to be quite the detective’s task. Given the practical challenges of accounting for activities outside monetary transactions, we decided to adhere to the invoice-based approach for carbon accounting for this project.