“Quantifying sustainability is crucial for accurate reporting. Using Coolset provides us with better insights and allow us to reduce our carbon emissions more effectively.”
"We needed an intuitive platform to accurately measure our carbon footprint and work towards CSRD compliance. Coolset was exactly what we were looking for; the implementation was both fast and effortless, and the platform is exceptionally user-friendly."
Coolset offers two integrated modules, Carbon Management and Compliance Management, which can be used separately or combined for a comprehensive approach to sustainability. These modules provide a suite of tools and features to help businesses manage their carbon emissions effectively and achieve CSRD compliance:
Collaboration: A platform tailored for internal and external collaboration, enabling teams and partners to align on sustainability goals and strategies.
Data visualization: Intuitive dashboards and reports for easy interpretation of carbon data.
Carbon management: Accurate measurement and reporting of Scope 1, 2, and 3 greenhouse gas emissions, certified by TÜV Rheinland.
Emission reduction strategies: Identification of areas for emission reduction and implementation of sustainable practices.
CSRD compliance management: All-in-one software for streamlined CSRD reporting.
Stakeholder engagement: Tools for engaging employees, customers, and investors in sustainability initiatives.
Fully integrated Double Materiality Assessment: Consistent evaluation and presentation of both impact and financial materiality.
Comprehensive ESRS topic disclosures: Ensuring full alignment with the regulatory CSRD standards.
Automated CSRD report generation: Simplifying the reporting process with automated features.
Explore these features and more to enhance your sustainability efforts and ensure regulatory compliance. Get in touch.
Coolset provides an all-in-one platform designed to make your sustainability journey seamless, effective, and future-proof.
Here’s why we believe Coolset stands out:
Carbon management, also known as carbon accounting, refers to the process of measuring and managing an organization's greenhouse gas emissions across its entire supply chain. Coolset enables companies to conduct certified, Greenhouse Gas Protocol-aligned Scope 1-3 emissions measurements on its platform. The GHG Protocol methodology, approved under CSRD guidelines, provides accurate insights into your company's carbon footprint and ensures compliance with regulatory standards.
Spend-based accounting
Spend-based accounting calculates emissions based on the financial expenditure of goods and services. It uses emission factors that represent the average emissions per unit of currency spent across various categories. Coolset leverages a database of 11,000+ vetted emission factors to ensure accuracy for every transaction.
Activity-based accounting
Activity-based accounting calculates emissions based on specific activities and processes. It uses detailed data on actual physical units of activity (e.g., kilometers traveled, kilograms of material used).
Why use a hybrid model?
Coolset uses a hybrid model to maximize the use of available data. Most companies do not have complete coverage of activity-based data for their organizational footprint. This is why Coolset lays the foundation with spend-based accounting to ensure comprehensive coverage of Scope 1, 2, and 3 emissions, and supplements it with activity-based accounting where data is available to refine the initial calculation.
By using this hybrid model, Coolset can tailor its approach to meet your company's needs, regardless of where you are in your sustainability journey.
Measuring your company's carbon footprint is essential for several reasons:
Compliance: Regulatory requirements, such as the Corporate Sustainability Reporting Directive (CSRD), mandate carbon footprint reporting for companies. Staying ahead of these requirements ensures compliance and avoids potential penalties.
Environmental responsibility: Understanding your carbon emissions allows you to identify areas for improvement, reduce your environmental impact, and contribute to global sustainability efforts. By actively managing emissions, your company can align with international climate goals.
Cost savings: Reducing emissions often leads to operational efficiencies, such as lower energy usage and resource optimization, which can translate into significant cost savings over time.
Reputation: Demonstrating a strong commitment to sustainability can enhance your brand reputation, making your company more attractive to environmentally-conscious customers, investors, and partners. A proactive approach to carbon management also strengthens trust and credibility in the market.
Investor and stakeholder expectations: Increasingly, investors and stakeholders are prioritizing sustainability in their decision-making processes. Measuring and reporting your carbon footprint can make your company more appealing to those looking for responsible investments.
Coolset supports this process by offering TÜV Rheinland-certified, accurate GHG Protocol aligned emissions measurements, ensuring that your company not only meets compliance requirements but also drives real environmental impact with reliable data.
CSRD stands for Corporate Sustainability Reporting Directive and aims to standardize sustainability reporting across environmental, social, and governance (ESG) matters to promote transparency and corporate responsibility. It is a regulatory framework established by the EU, impacting approximately 50,000 companies globally, including those already subject to NFRD (Non-Financial Reporting Directive). The following entities are included:
Timeline
Reports generated from the Coolset platform are available in audit-ready formats, including XBRL, PDF, and Word. The platform ensures a full audit trail, allowing auditors to be invited directly to the platform to review the trail, leave comments, and verify the underlying data. This seamless access enables a transparent audit process and simplifies compliance verification.
In addition, Coolset offers access to an auditor network, providing a convenient and efficient way to engage with experienced professionals for assurance on your compliance disclosures. Whether you're preparing for CSRD or other regulatory requirements, this network allows you to connect with auditors who can help ensure the accuracy, integrity, and completeness of your sustainability reporting, giving you confidence in your compliance efforts.
At Coolset, we prioritize the security and privacy of our users' data. We employ industry-standard encryption protocols, access controls, and continuous monitoring mechanisms to safeguard your information. Additionally, we are ISO27001 certified, demonstrating our commitment to the highest standards of information security management. We also adhere to strict privacy policies and comply with relevant data protection regulations to ensure that your data remains confidential and secure. Learn more at trust.coolset.com.
No, there are no additional costs involved. What you see is what you pay. We never charge for the time we dedicate to supporting our customers.