Carbon Credits
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Carbon Credits: A Key Part of Your Climate Strategy
CEMAsys and Carbon Credits
Since its inception in 2007, CEMAsys has been providing high-quality carbon credits to the Nordic market. In addition to being a leading knowledge-based company in carbon accounting, climate targets (SBT), climate strategy, and climate risk, we help our clients find suitable projects to compensate for greenhouse gas emissions that cannot be reduced. This is a crucial step toward achieving NET-ZERO.
Carbon Offsetting with Quality and Credibility
CEMAsys only offers carbon credits certified by Gold Standard and Verra – the most recognized global certification systems for carbon credits. These ensure that projects meet strict criteria for additionality, traceability, and verification.
By purchasing carbon credits from CEMAsys, your company can offset emissions related to operations, business travel, products, or services. A carbon credit is only issued when a verified emission reduction has taken place and is documented by an independent third party. We also ensure that the credits are retired in the official registries of Gold Standard or Verra in your company’s name.
Carbon Credits: A Responsible Step Towards Net-Zero
Purchasing carbon credits is not a substitute for reducing emissions but an important complementary measure. It provides businesses with time to implement ambitious reduction initiatives while delivering an immediate positive impact on the climate.
By offsetting emissions, your company demonstrates both action and responsibility in addressing climate challenges while contributing to sustainable development and supporting the UN’s Sustainable Development Goals.
Selection of projects we offer our clients:
Thor Heyerdal Park, Myanmar
VERRA project 2088
Clean cookstove project, Ashanti region Ghana
Gold Standard- GS1385
Water and Climate Project, Madhya Pradesh in India
Gold Standard- GS11447
Why Compensate with Carbon Credits?
Avoid Climate Debt
Every business generates greenhouse gas emissions through its operations. By purchasing carbon credits, you take responsibility for emissions that cannot be immediately eliminated and contribute to a sustainable future.
Show Responsibility
Compensating for emissions demonstrates that your company is a responsible corporate citizen, building trust with customers, partners, and stakeholders.
Support Climate action and UN Sustainable Development Goals
Purchasing carbon credits promotes sustainable development in vulnerable areas. Many of the projects we support improve health, working conditions, and nature conservation while aligning with the UN's Sustainable Development Goals.
Increase Employee Engagement
Carbon offsetting can boost employee engagement and awareness of the company’s own sustainability goals and initiatives.
A Transitional Solution
Carbon offsetting provides businesses with the time needed to implement effective emission reduction measures without waiting for long-term transformation processes.
Enhance Competitiveness
Companies that prioritize sustainability gain a competitive edge and strengthen their brand in the marketplace.
Discover how we can help you take your sustainability efforts to the next level
CEMAsys x Fjordkraft
CEMAsys hits a new milestone: Partners with Fjordkraft Bedrift to Revolutionize Carbon Accounting.
We are excited to announce a new partnership with Fjordkraft Bedrift, a leading electricity supplier in Norway. This collaboration represents a significant step forward in making carbon accounting both automated and precise, with a particular focus on Scope 2 emissions.
Addressing Scope 2 challenges
Through our partnership, we have developed a solution that enables businesses to document the actual climate impact of their electricity consumption with unprecedented accuracy. This level of precision saves time and allows companies to concentrate their efforts on tackling Scope 1 and Scope 3 emissions.
Powered by renewable energy
Built for security and scalability
The solution integrates Fjordkraft Bedrift’s extensive energy data with CEMAsys’ advanced climate accounting platform, leveraging cloud-based infrastructure built on Microsoft Azure’s highest security standards. End-to-end encryption ensures data confidentiality, integrity, and traceability, making the solution robust for audits and regulatory compliance.
A vision to transition towards streamlined and effective data flow
This partnership reflects our shared vision of enabling businesses to transition toward a streamlined and effective data transfer. While this collaboration focuses on automating Scope 2 emissions for Norwegian companies, CEMAsys is actively exploring partnerships to bring similar automation to clients worldwide.
This comprehensive integration enables CEMAsys clients to monitor and reduce their environmental impact. By freeing up time with trustworthy data, you can use your time and efforts to reduce emissions.
Elisa Dahl Walderhaug
Managing Director, CEMAsys Norway
As the importance of GHG Emissions Accounting and CSRD reporting continues to grow, we are thrilled to offer our clients an advanced solution for the automated transfer and calculation of Scope 2 data. This cutting-edge solution minimizes errors, streamlines reporting processes, and enhances traceability, ensuring readiness for future verification requirements.
Edvard Roksvåg
Business Development Manager,
CEMAsys Global
This partnership delivers a powerful integrated solution that streamlines and automates the transfer of ESG data.
Automation
Automatic data transfer of Scope 2 data.
Transparency
Increase traceability and be ready for verification.
Protected data
Reduce errors with hourly values for invoiced electricity imported directly into the Carbon Footprint Module.
Save time
Exclude time-consuming work with a cost-effective and automatic process.
Start your journey
Are you seeking an automated method to calculate your organization's greenhouse gas (GHG) emissions?
Our CSRD application is now live and ready!
CEMAsys launches a SaaS-Driven Tool to Simplify CSRD Reporting for 50,000+ Companies.
Over 15,000 companies are collecting data as we speak for the first reporting year of the Corporate Sustainability Reporting Directive (CSRD). The consequences of failing to report are lawbreaking, and stakeholders will look closely at businesses' ESG performance.
CEMAsys has responded to this urgent need with an innovative new application to automate and streamline the CSRD reporting process. After months of user testing and feedback from clients, CEMAsys is proud to release a tool that takes the guesswork out of compliance, making it easier than ever to meet EU regulations.
CSRD guidance throughout the reporting
In real-time dashboard to monitor the process
Seamless collaboration within your team
One of the standout features is the ability to assign roles and responsibilities across teams without limitations. To clarify and structure, each user sees only the relevant data points to their assigned role to improve focus and accountability. Real-time sharing allows teams to share documents, disclosures, and comments quickly.
Integrations for the 3rd party verification
The application features separate sign-off functionality for approvals and compliance and maintains an audit log that delivers a complete audit trail, ideal for third-party verification. If needed, auditors can be granted access to the system to conduct reviews efficiently. You can effortlessly export your digitally tagged CSRD report in xhtml format based on the XBRL taxonomy.
This appliction makes reporting not only more comprehensive but also more efficient, offering new features that significantly lighten the workload. Already back in 2007, CEMAsys was committed to being part of the change by providing tools to navigate the ESG landscape. We haven’t rushed the development of the CSRD application to deliver a solution; we want to deliver the best solution that will ease companies’ minds, knowing that they can be one hundred percent transparent and have everything ESG-related in one place.
— Per Otto Larsen, CTO, and Co-founder
Trust and time are the ultimate currencies of any company. We assist companies in delivering accurate reports, fast.
– Michael Zink, CEO
Start your journey
Do you need to comply with the CSRD?
How to get started with CSRD?
By CEMAsys
How to start implementing the corporate sustainability reporting directive in your organization
CSRD
How to get started with CSRD
CSRD Guide
The Corporate Sustainability Reporting Directive (CSRD) represents a transformative shift in how organizations approach sustainability reporting. This directive expands the scope of required disclosures, mandates more detailed and comparable data, and emphasizes the importance of environmental, social, and governance (ESG) factors in business operations. Implementing the CSRD is a complex process that requires careful planning and execution.
What is the CSRD? (Corporate Sustainability Reporting Directive)
The CSRD marks a significant leap forward in the European Union’s commitment to transparency and sustainability. Effective from January 2023, the CSRD requires companies to share detailed insights on environmental, social, and governance (ESG) practices. Businesses will begin reporting under these new standards starting from fiscal years on or after January 1, 2024, setting a new benchmark in corporate responsibility.
The first steps is sometimes the hardest
Embarking on the journey of CSRD compliance is often the most challenging step, but by following these initial guidelines, your organization can set a strong foundation. The CSRD represents more than just a regulatory mandate—it presents a chance to weave sustainability more deeply into the fabric of your strategic and operational frameworks. As you navigate the implementation process, remember that continuous improvement and stakeholder engagement are crucial to sustaining success in your sustainability reporting efforts.
(Please note that the thresholds might vary from country to country as the CSRD gets integrated into the national legislation of Member States.)
Understand the CSRD Requirements
Step 1
Familiarize Yourself with the Directive: The first step is to thoroughly review the CSRD and its standards, the European Sustainability Reporting Standards (ESRS). Understanding the full scope of the directive is crucial, as it outlines specific reporting requirements related to environmental, social, and governance factors. Pay attention to the scope, timelines, and detailed expectations.
Determine Applicability:
Assess whether your organization falls within the scope of the CSRD:
– Large companies with at least 250 employees, €50 million turnover, or €25 million on the balance sheet
– All companies listed on EU-regulated markets (including SMEs, from 2027).
– Public Interest Entities (PIEs).
– Non-EU companies with significant EU turnover and a presence in the EU.
Assess current reporting practices
Step 2
Conduct a Gap Analysis: Compare your organization’s current sustainability reporting practices with the requirements of the CSRD. Identify any deficiencies in your data collection, reporting, and disclosure processes. This analysis should assess the quality and comprehensiveness of your ESG data and determine areas requiring improvement to meet the ESRS.
Engage Internal Stakeholders: Involve key departments such as finance, legal, sustainability, and IT in the assessment process. These stakeholders are essential for understanding current practices and pinpointing areas where alignment with CSRD requirements is necessary. Their input will be invaluable in shaping your implementation strategy.
Set up a cross-functional implementation team
Step 3
Form an Implementation Team: To manage the CSRD implementation effectively, establish a cross-functional team that includes representatives from all relevant departments, including sustainability, finance, legal, HR, and IT. This team will oversee the implementation process and ensure that all aspects of the directive are addressed.
Assign Responsibilities: Clearly define the roles and responsibilities within the team. Assign specific tasks such as data collection, analysis, and reporting to appropriate team members. Having clearly defined roles ensures accountability and smooth execution of the implementation plan.
Develop a data collection and management plan
Step 4
Identify Data Sources: Determine the internal and external data sources required to meet CSRD reporting requirements. This includes both quantitative data, such as carbon emissions and energy usage, and qualitative data, such as governance policies and social impacts. Accurate and comprehensive data collection is critical for successful CSRD compliance.
Implement or Upgrade Data Management Systems: We are ready to enhance your business with a solution tailored for efficient collection, management, and analysis of sustainability data. Our systems are specially designed to manage the amplified data requirements demanded by CSRD reporting effectively.
Establish Reporting Processes and Timelines
Create a Reporting Framework: Develop a structured framework for compiling and reporting your sustainability data. This framework should define the format, structure, and level of detail required for your reports. Align your reporting approach with CSRD guidelines to ensure compliance.
Set Timelines: Align your internal reporting cycles with CSRD deadlines. Establish a timeline for data collection, analysis, and report preparation. Regular updates and reviews will help keep the process on track and ensure that your organization meets annual reporting deadlines.
Are you looking for a CSRD solution?
Our ESG-expert consultants can help facilitate your whole CSRD process, and navigate your company towards sustainability success.
A Carbon Credit Solution Empowering Water Security and Health in India
By CEMAsys
A Carbon Credit Solution Empowering Water Security and Health in India.
Project WADI:
India is one of the world’s most water-stressed countries, facing challenges from seasonal variations and a lack of sustainable water resource management. Between 2012 and 2017, the country recorded over 69 million cases of water-borne diseases, with diarrhea being the leading cause of death. In response to this crisis, CEMAsys and CIC have launched Project WADI, a carbon credit project with a mission to provide safe drinking water to rural communities in Madhya Pradesh. This project not only addresses critical water issues but also offers an innovative carbon credit solution for businesses seeking to offset their carbon emissions.
What Is Project WADI?
A Carbon Credit Initiative with a social and environmental Impact
Project WADI is a unique initiative that provides safe drinking water to 30,185 families across the Jhabua, Khandwa, and Barwani districts of Madhya Pradesh, India. Implemented in partnership with Caritas India, this project leverages WADI devices to harness solar power for water disinfection. Beyond its social benefits, Project WADI generates valuable carbon credits by reducing CO2 emissions, offering companies a sustainable and impactful way to meet their carbon offset goals.
The Technology Behind WADI:
Solar Water Disinfection
WADI is an innovative, WHO-approved device designed to visualize Solar Water Disinfection. The process is simple yet highly effective: the device is placed next to transparent bottles filled with biologically contaminated water. By measuring the impact of UV rays, WADI indicates when the water has been sufficiently disinfected by solar power and is safe to drink. This approach not only ensures access to clean water but also replaces traditional methods of boiling water with firewood, significantly reducing CO2 emissions.
Supporting the Sustainable Development Goals (SDGs) Through Carbon Credits
Project WADI aligns with six of the United Nations Sustainable Development Goals (SDGs), making it a powerful option for companies looking to integrate sustainability into their carbon management strategies. By participating in this carbon credit project, businesses not only offset their emissions but also support clean water initiatives, improve public health, and foster sustainable community development.
Our way to help clients with CSRD
By CEMAsys
How to start your CSRD reporting process
Having a robust system solution in place is crucial to ensure a structured and compliant reporting process. CEMAsys has developed a CSRD package to make it easier for companies to report according to the standards and for auditors to review.
Double Materiality Assessment
The first step of CSRD is to conduct a double materiality assessment. The objective is to review the integral components of the CSRD, connected to the different European Sustainability Reporting Standards (ESRS), and determine whether these components are material or not. Once the company has decided which components of the ESRS to report on, these should be validated by an auditor to ensure that they are eligible.
Gather the data
The next step will be to gather the data connected to the components deemed material by the company. Data should be collected according to the mandatory reporting areas, and once collected, be reviewed again by an auditor.
By using our tailored system solutions and in-house expertise, you will be able to comply with all the steps of the extensive sustainability reporting structure of the CSRD.
Are you looking for a CSRD solution?
Our ESG-expert consultants can help facilitate your whole CSRD process, and navigate your company towards sustainability success.
Wildfire crisis in Canada
By CEMAsys
Wildfire crisis in Canada
Challenges and implications for humanity amidst climate change.
As of June 12th, 2023, Canada has been grappling with 450 active fires across the country. The situation has caused widespread alarm and efforts to combat these blazes are ongoing. Unfortunately, the number of fires continues to rise, posing a severe threat to both human lives and the environment.
What is going on in Canada?
These fires have primarily been concentrated in the eastern and western provinces of Canada, where they have wreaked havoc on vast areas of land. Disturbingly, authorities have categorized 220 of these fires as «out of control,» indicating the challenges faced in containing and extinguishing them. The scale and intensity of these wildfires have stretched firefighting resources to their limits, requiring a coordinated and multi-pronged approach to bring them under control.
One of the most notable impacts was experienced outside of Canada, in New York City, where the air quality reached historically high levels of pollution. Particulate matter concentrations soared, exceeding 200 micrograms per cubic meter of air. This surge in pollution caused the city to be engulfed in a thick orange smog, shrouding its iconic skyline, and impacting the daily lives of its residents.
What is forecasted?
The Canadian government is faced with a daunting and prolonged challenge as they anticipate that the rampant fires across the country will persist for the foreseeable future. The fire season, which commenced in May, is projected to extend until October. Given the extent and severity of the ongoing fires, authorities have classified this season as «severe,» raising concerns about the potential ramifications it may bring.
Projections and analyses conducted by experts indicate that this year’s fire activity in Canada is likely to surpass historical norms. The most recent report released by government officials highlights the anticipated escalation of fire incidents, emphasizing that the current situation is far from reaching a resolution. Unfortunately, the prospects for containment and extinguishment appear challenging, as factors such as prolonged drought and rising temperatures exacerbate the fire-prone conditions.
Climate change serves as a formidable catalyst, with its escalating trajectory necessitating urgent attention. The warming of the Earth and exacerbation of drought conditions engender a rise in the incidence of wildfires. Consequently, these events wield substantial repercussions on human health. Specifically, deleterious respiratory complications arise from compromised air quality and heightened pollution levels, manifesting as heightened allergies and asthma cases. Furthermore, the augmented frequency of elevated temperatures places vulnerable demographics at an elevated risk of heat-related afflictions.
How do we combat climate change?
Mitigating the far-reaching impacts of climate change necessitates collective action, where both companies and individuals play pivotal roles in reducing their carbon footprint. Embracing this responsibility entails a multifaceted approach, and there are several effective strategies that can be employed.
One paramount avenue is transitioning to renewable energy sources. By championing the development and widespread adoption of clean energy technologies, such as solar, wind, and hydropower, we can usher in a profound reduction in greenhouse gas emissions. Both individuals and companies can actively participate in this shift, whether through installing rooftop solar panels, supporting renewable energy providers, or investing in the research and development of innovative clean energy solutions.
Simultaneously, embracing sustainable transportation options holds immense potential for emission reduction. At an individual level, conscientious choices like purchasing electric vehicles or opting for public transportation can make a tangible difference. For companies, the adoption of green transportation practices, such as fleet electrification or incentivizing carpooling and cycling among employees, can significantly contribute to mitigating carbon emissions.
Companies have the unique capacity to drive change through their investments and business practices. By allocating funds towards green energy projects, supporting sustainable startups, and integrating environmentally conscious practices into their operations, businesses can serve as catalysts for a low-carbon economy.