Who We Are
Track Carbon provides a consultancy service and software solution to large unquoted companies who are required to comply with the UK’s Energy and Carbon Report regulations 2018, and are firmly committed to becoming carbon neutral businesses by 2050. Track Carbon was born from an independent research project initiated in 2014 by our founder, to commence research and contribute effort to the sustainable prosperity agenda; an agenda which seeks to promote economic growth via the means of sustainable practice.
The research initiative was further developed in October 2019 to become a commercialised project with a commitment to helping UK-based businesses transition from carbon intensive to low carbon businesses. Through our work with the London School of Economics Innovation team LSE Innovation we were able to focus the core of our service offerings on the market-driven need to help businesses within the Retail and Services sector develop and execute carbon reduction plans.
Having won the LSE's Lean Accelerator Award for early-stage entrepreneurs in November 2020, our consultancy has focused on delivering an outstanding level of research, analysis and solutions alongside our emissions management software.
How We Work
We help companies to respond to GHG disclosure requirements by providing a tool which; simplifies and consolidates data so that it is ready for external disclosure. The UK government has committed to national reduction targets to meet the Paris Agreement to become net-zero emitters by 2050, and this requires all businesses across all industries to take action. Track Carbon’s emission management tool facilitates timely and responsive approach to reducing emissions via a robust yearly reduction plan based on your industry and business activity and guided by UK’s Nationally Determined Contribution (NDC) under the 2015 Paris Agreement. We will help your business become carbon neutral or better by 2050.
Lenders, insurers and investors are increasingly concerned by the lack of financial disclosures or analysis of risks inherent to businesses upon the inevitable shift from high carbon assets and practices to a lower carbon economy. How do you overcome this as a business and provide assurance to these groups?
In line with TCFD's framework for Financial Disclosure of Climate-related Risks in annual reports, Track Carbon has focused on helping businesses understand how financial materiality of climate risks can be incorporated into financial statements. Primarily we build on the recommendations of the IFRS Foundation, IASB and CDSB to offer a route to understanding and implementing climate-related matters into accounting in line with IFRS Standards.