The GHG Protocol Corporate Accounting and Reporting Standard provides requirements and guidance for companies and other organisations preparing a corporate-level GHG emissions inventory, whereby,Scope 1: All direct GHG emissions of an organisationScope 2: Indirect GHG emissions from consumption of purchased electricity, heat, or steamScope 3: Other indirect emissions - full corporate value chain emissionsScope 4: Reductions in clients scope 3 achieved by company’s smart emissionsGroup of answer choicesTrueFalse

The GHG Protocol corporate standard only classifies a company's greenhouse gas emissions into two scopes: Scope 1 for direct GHG emissions and Scope 2 for consumption of purchased energy.Group of answer choicesTrueFalse

Scope 2 GHG emissions are the indirect emissions that come from the consumption of purchased electricity, heat, steam, or cooling. These emissions occur at the location where the energy is generated.Group of answer choicesTrueFalse

Carbon Accounting software goal is to:a.Help organisations report their carbon emissions.b.All of the abovec.Help organisations quantify their carbon emissions.d.Help organizations manage their carbon emissions.

A company introduced a  carbon accounting system to respond to the market pressures about environmental sustainability. Choose the correct answer:a.Carbon accounting serves the goal of maximizing the profit of the venture, by directly reducing the costs that the venture will encounter in the futureb.None of the other optionsc.For an electricity company whose energy mix includes 30% fossil fuel, 70% coal, the assessment of carbon accounting will likely result in larger scope 2 compared to scope 1 emissionsd.In a setting characterized by information asymmetries, the venture will likely communicate the exact (real) amount of emissionse.Carbon accounting will be a prerequisite for the emission trading system

gyptian accounting standards are one of the standardfinancial statements. It is used for comparison purposes whenlisting corporations in the sameindustry on the NYSE