Climate Tracker Initiative Methodology

Updated: 2023-11-30

We collect companies’publicly availible Greenhouse Gas emissions data and fuse it with financial data and market insights. We emphasize in making the data understandable and contextualized.

We’ve identified several problems linked to companies GHG data and below follows our methodology how we tackle and make sure we can offer a verified, unbiased and easy to understand assessment.

Data collection

We only collect data from publicly available sources. Often this data is found in companies Annual reports, sustainability reports, carbon disclosure reports or webpages. Other sources for our unbiased data may be reports from governmental, NGOs or other reliable institutions.

The data is found, collected and extracted with help from our AI software and/or manually.

Included companies

We utilize a top-down prioritization when including companies. We initially include as big emitters as possible and work our way down in the supply chains. We prioritize listed companies.

Data quality and verification process

All data entering our database is subject to a meticulous verification process. The process includes multiple steps of both automatic and manual check points and data is also manually signed of before beeing subject to inclusion.

Upon quality breaches a feedback system is in place collecting issues.

Occasionally, CTI contact companies when data points need verification or explanation.

Collected and calculated data points

We only collect data which is reported in a standardized way. This usually means The Greenhouse Gas Protocol. The GHG Protocol divides emissions into 3 scopes (1, 2, 3), and often this is also the way it is clearly divided and reported. If no clear statement is made upon scope dividing or if scopes are combined, this is the data that is added.

These are some of the data points we collect:

  • Company name
  • Organizational number
  • Standardised industry code
  • Industry (appr. 30 categories)
  • Sub industry (appr. 200 categories)
  • Stock exchange
  • Employees
  • Revenue
  • Scope 1
  • Scope 2
  • Scope 3
  • Year
  • Source

Out of these values we can create tailored ”apples with apples” comparisons.

Below are some of the data values we can tailor:

  • GHG emissions trend (one year versus another year)
  • GHG emissions / employee
  • GHG emissions / revenue
  • GHG emissions / revenue trend (one year versus another year)
  • Ranks in specific markets
  • trend in specific stock exchange and market.

Possibilities are endless.

All showcased GHG/CO2e data is shown in tons CO2e.

Data Completeness

We use following levels when declaring completeness of the company’s disclosure.

Reported: The company has reported scope 1 and 2 and is publicly available.

Fully Reported: The company has reported on scope 1, 2, and all relevant categories in scope 3 and verified the process according to relevant tandards (eg PAS2060) and is publicly available.

Not Reported: The company has not reported their GHG emissions, or we are not able to find the company’s report of GHG emissions (meaning they are very tricky to find). If this level is defined, we can estimate a company’s GHG emissions using their specific revenue and Life Cycle Assessment data for the specific industry they operate in.

Excluded: For one reason or another, this company is excluded from our database. The reason might be that they no longer operate or are being restructured in significant ways. It may also mean their financials are not publicly disclosed or to complex to investigate.

Continuous Improvements

We constantly update and upgrade our models and methodology to fine-tune results and fulfill our goal – To clarify GHG data.

Our network and partners are all a vital part of our ecosystem, and all stakeholders, clients, communities are consulted.

CTI monitors and follows the latest rules and regulations to always stay up to date.

We believe feedback is invaluable.