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Fugitive Emissions are the Future of ESG Reporting
Companies are becoming more comfortable with reporting on greenhouse gases in their ESG reporting, including carbon dioxide, air pollution, and natural gas. However, there is still one area that many companies aren’t reporting on – fugitive emissions, especially as they relate to refrigerant emissions.
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Tracking Emissions with Fugitive Emissions Software
Fugitive emissions software is becoming increasingly important. For example, on March 21, the SEC decided to move forward on making climate disclosure reporting, including Scope 1, 2, and 3 emissions, required for registered companies.
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ESG Reporting, Fugitive Emissions & Accountability
If you’re in an ESG (environmental social and governance) leadership role for business models, either as a consultant or in-house expert, GHG emissions are likely to be a large focus within your business strategy.
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What Falls Short With Emissions Factors
Emissions factors are a popular way to capture data about greenhouse gas. They show emissions related data for everything from refrigeration to electricity generation. They also help with showing emissions reported through representative value for content such as ESG reports.
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Sustainability, ESG Reporting, & Your Refrigerant Impact
At the recent COP26 climate summit in Glasgow, Scotland, the news about our current global warming trajectory and greenhouse gas emissions was fairly dire. We’ve already warmed the planet +1.2°C over pre-industrial averages (as of the summit in 2021).
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Why is Estimating Fugitive Emissions Inaccurate?
At Trakref, we’re an advocate for proper tracking of fugitive emissions from refrigerants to curb the number of greenhouse gases and air pollution that we’re causing to the planet. However, we know many companies are new to refrigerant management and fugitive emissions reporting, especially as pressure for better ESG reporting persists in recent years.
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What are Fugitive Emissions and Why Should I Care?
Fugitive emissions are gasses, whether natural gas, carbon dioxide, or refrigerant-specific gasses, that are released into the atmosphere accidentally. They’re considered hazardous air pollutants and a threat to environmental sustainability, coming from pressure-containing equipment like storage tanks and systems that we see in the air conditioning, data cooling, and refrigeration industry (HVAC/R).