Understanding and tracking farm business emissions is transitioning from a “nice-to-have” to business as usual in farm management, comparable to annual production and financial reporting.
Why Farmers Should Embrace Carbon Accounting
Anticipating Compliance Requirements
While emissions reporting may not be mandatory for all farms yet, with pressure on large businesses to reduce Scope 3 emissions, farmers will soon need to provide emissions data to meet supply chain demands. Do you have the record-keeping systems in place and collect the necessary data to do so?
You Can’t Manage What You Don’t Measure
To make informed decisions, it is important that you first must measure and understand your business emissions. Better data means better decisions. It’s just good business.
Unlocking New Revenue Streams and Operational Efficiencies
Carbon accounting can guide farmers in carbon farming initiatives such as projects that can generate Australian Carbon Credit Units (ACCUs). These ACCUs can be applied against your carbon footprint, they can be held, or they can be sold to create additional income.
Emission tracking can also aid in identifying cost-saving opportunities through activities such as more efficient fertiliser use and livestock management.
Strengthening Market Position Through Your Story
Sustainability is increasingly important to consumers and investors. By tracking and managing emissions, farmers can craft compelling stories that not only secure existing market access but also open doors to additional markets that prioritise sustainable practices.
Interested in learning more?
