What is decarbonisation ?

Decarbonisation can refer to the process in which any entity that generates emissions such as a company, organization, or sector, reduces its carbon footprint by reducing its greenhouse gas emissions. 

Why do we need it? 

Decarbonisation is a strategy taken up by many corporations worldwide to reduce their impact on the climate and to mitigate the effects of global warming. Decarbonisation has become more relevant in recent years due to increased pressure put on organisations by various international accords such as the Paris Agreement, the COP26 discussions, and the G7 meetings to name a few. Decarbonisation is a fundamental part of mitigating climate change to 1.5C by 2050. 

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What is the Financial Accounting Standards Board (FASB)?

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What is the Financial Accounting Standards Board, also known as the FASB, and how does it work to develop reporting and accounting standards for both nonprofit organisations and businesses?

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