Carbon AccountingSimplified

Frequently Asked Questions

What is Carbonwize?

Carbonwize is an audit-grade carbon management platform for enterprise that helps measure, report, and verify greenhouse gas emissions seamlessly. The platform enables automated data integration across Scope 1–3, connecting directly with water and electricity bills, fuel consumption, and accounting systems. Emissions are calculated in accordance with recognized standards, with audit-ready reports generated immediately. Carbonwize helps reduce the workload of sustainability and environmental teams, lower operational costs, and establish consistent, scalable workflows across the organization. Data generated within Carbonwize can be directly used in corporate Sustainability Reports and supports organizations in driving their long-term Net Zero goals. Carbonwize also includes Decarbonization Pathways, enabling organizations to develop targeted and measurable emissions reduction strategies. This includes reduction project tracking and supply chain carbon management. As an audit-grade platform, Carbonwize has been certified by the Thailand Greenhouse Gas Management Organization (TGO), developed in collaboration with over 40 Validation and Verification Bodies (VVBs), and operates in partnership with the Stock Exchange of Thailand, with expert teams providing support at every stage.

What is the difference between Carbon Footprint and Carbon Credit?

Carbon Footprint is the amount of greenhouse gas emissions released from various organizational activities such as electricity usage, fuel consumption, or waste management, measured in tCO₂e and cannot be traded as it measures actual impact. Carbon Credit is the amount of greenhouse gas reduced or captured from certified projects according to standards like T-VER, Verra, or Gold Standard, which can be traded and measured in tCO₂e, such as renewable energy projects, waste management, electric vehicle use, or carbon capture from forestry and agriculture. In summary, Carbon Footprint measures "what is emitted" while Carbon Credit is "what is reduced or captured" through certified projects. Reference: Thailand Greenhouse Gas Management Organization (Public Organization)

Why are carbon credits important?

Effective carbon management should start with the right sequence: Carbon Footprint Assessment → Decarbonization Planning → Carbon Credits Before an organization considers using carbon credits, it's essential to start with accurate and systematic carbon footprint assessment to understand the sources of greenhouse gas emissions and identify appropriate carbon reduction opportunities for the organization's context. In many cases, decarbonization planning can help reduce long-term costs and deliver more sustainable results than relying solely on carbon credits. Carbon credits should be a supplementary option for offsetting emissions that cannot be practically reduced. Carbonwize is designed to help organizations measure, plan, and track carbon reduction systematically—reducing costs, increasing efficiency, and building a foundation for long-term sustainable carbon management. If your organization is ready to start correctly: 👉 Consult Carbonwize experts

How do I start reporting organizational emissions?

Start by defining emission boundaries and scope, selecting reference standards like GHG Protocol, ISO 14064-1, or TGO CFO. Then establish a Base Year/Baseline for future comparisons. Collect Activity Data from emission sources such as electricity, fuel, transportation, waste management, or supply chain data. Calculate emissions using the formula: Activity Data × Emission Factor (EF) from recognized databases like TGO or IPCC. For those starting out, Carbonwize provides expert consultation and an automated carbon footprint calculation platform without manual calculations, and can generate reports ready for standard verification.

What are Scope 1, 2, and 3?

Carbon footprint calculations are divided into 3 types (Scope 1, 2, and 3) to help organizations understand emission sources comprehensively—both direct emissions and those in the supply chain. Scope 1: Direct emissions from organizational activities like vehicles, machinery, or production processes. Scope 2: Indirect emissions from purchased electricity, heat, or steam. Scope 3: Indirect emissions from supply chain activities like transportation, employee travel, or product usage. Carbonwize supports calculations for all three Scopes with automated data integration from electricity, fuel, accounting, and supply chain systems to reduce manual work and increase data accuracy for carbon reporting.

What standards should be used for organizational carbon reports?

Carbon Footprint for Organization report should reference recognized standards to ensure data collection, emission categorization, and reporting formats are accurate, transparent, and verifiable long-term. GHG Protocol: The most widely used international framework developed by World Resources Institute (WRI) and World Business Council for Sustainable Development (WBCSD), used by over 90% of organizations worldwide as the primary framework for greenhouse gas accounting. ISO 14064-1: An international standard by International Organization for Standardization (ISO), suitable for organizations preparing for third-party verification. Can be verified through international verification bodies. TGO CFO: Thailand's carbon footprint standard adapted for local context by the Thailand Greenhouse Gas Management Organization, requiring verification by TGO-registered VVBs. Carbonwize platform supports all three standards completely, enabling accurate, transparent reports in both Thai and English for submission to TGO, SET, clients, and both domestic and international entities.