What is the importance of using a standardized framework for a carbon ledger

Using a standardized framework for a carbon ledger is crucial for ensuring consistency, comparability, and transparency in carbon accounting. Standards like the Greenhouse Gas Protocol and ISO 14064 provide guidelines that help organizations accurately measure and report their emissions. Consistent use of these frameworks allows for better benchmarking against industry peers and facilitates compliance with regulatory requirements. Additionally, standardized frameworks support organizations in setting and tracking sustainability goals, such as reducing carbon footprints and achieving net-zero emissions. Adherence to these standards also enhances credibility with stakeholders, including investors, customers, and regulatory bodies 1, 2. Key Takeaway: Standardized frameworks ensure consistent, transparent, and credible carbon accounting.