Spend Based Method, definition

The Spend-Based Method is one of the two approaches to carbon accounting, which works by taking the monetary value of a purchased good or service and then multiplying this value by a relative carbon emission factor in order to calculate the amount of greenhouse gas emissions produced. This is considered the more simple way to calculate carbon emissions, but is not as precise as the activity based model.

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European Parliament and flags
ESG / CSR
Legislation & Standards
1 min

What is the EU Taxonomy?

1 min
Level

Discover the EU Taxonomy: what it is, how it defines sustainable activities, and its impact on businesses and financial markets.

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