Base year: Definition
Setting emission reduction targets entails specifying a base year and establishing annual reduction goals as a percentage of emissions from the base year.
For Sustainability Managers
Understanding Base year is essential for accurately tracking and reducing your organisation's carbon footprint.
For CFOs
Base year has growing financial implications as climate regulation tightens and investors demand transparency.
For Sustainability Reporting
Accurate measurement of Base year is required for credible climate reports across all major frameworks.
Related Terms
Life cycle assessment (LCA)
Life cycle assessment (LCA) assesses the environmental impact of a product or service throughout its entire life cycle, from raw material extraction to final disposal.
SMEs
Small and medium-sized enterprises (SMEs) constitute a category of businesses defined by staff count and annual turnover, with these criteria varying globally.