Climate positive: Definition
A business is climate-positive (or carbon-negative) when its activities result in a reduction of carbon in the atmosphere, going beyond achieving net-zero emissions.
For Sustainability Managers
Understanding Climate positive is essential for accurately tracking and reducing your organisation's carbon footprint.
For CFOs
Climate positive has growing financial implications as climate regulation tightens and investors demand transparency.
For Sustainability Reporting
Accurate measurement of Climate positive is required for credible climate reports across all major frameworks.
Related Terms
SME Climate Commitment
The SME Climate Hub commits small and medium-sized enterprises to halve emissions by 2030 and attain net-zero emissions by 2050.
ACCU
Australian Carbon Credit Units (ACCUs) are financial instruments awarded to eligible projects involving energy efficiency, renewable energy generation, and carbon sequestration. Each ACCU represents the avoidance or removal of one tonne of carbon dioxide equivalent (tCO2-e) GHG emissions. ACCUs are traded or sold on the national environmental commodity market through carbon market agents, allowing organisations to offset their carbon footprint or fulfil emissions reduction obligations.
Activity-based method
Activity data specifies the quantity of a particular product or material a company has purchased, enabling more precise emissions estimates than spend-based data. This method employs emission factors obtained from scientific studies.
Additionality
Additionality is a principle applied to carbon removal projects, signifying that a project is additional if it leads to emissions reductions that would not have occurred otherwise.
Base year
Setting emission reduction targets entails specifying a base year and establishing annual reduction goals as a percentage of emissions from the base year.