Introduction
Tracking and reporting CO2 emissions for business travel, particularly Scope 3.6 (Business Travel), can be complex when your data is based on spend rather than direct fuel consumption. However, KEY ESG provides a simple method to convert Euros spent on fuel into litres and calculate your emissions through our Scope 3.6 calculator. This guide will walk you through the process step by step, helping you ensure accurate and compliant emissions reporting.
Rationale
KEY ESG has a limited number of spend-based fuel emission factors, as it is generally discouraged to use money-based factors for fuel emissions calculations due to the high fluctuations in prices.
Context
When precise fuel consumption data for business travel is unavailable, estimating CO2 emissions based on the amount spent on fuel can be an effective alternative. This method allows organisations to assess their carbon footprint even when direct fuel usage details are missing, providing valuable insights for sustainability reporting and helping to track progress towards emission reduction goals.
By converting currency spent into estimated CO2 emissions using appropriate emission factors, organisations can maintain a level of accuracy in their reporting while acknowledging any limitations inherent in this spend-based approach. This method is particularly useful for organisations aiming to include all aspects of their Scope 3 emissions but who face data limitations in their current reporting processes.
Step-by-Step Guide: Converting Euros to Litres and Calculating Emissions
Identify the fuel type and cost per litre
Start by determining the fuel type used in your business travel. Most common options include petrol (benzine) or diesel. You will also need the average price per litre of your chosen fuel. Below are a few trusted resources where you can find country-specific fuel prices:European Commission Weekly Oil Bulletin (you can download prices with the latest taxes as an Excel spreadsheet)
National or regional fuel pricing authorities (if available)
Convert Euros spent to litres of fuel
Use the following formula to convert Euros spent on fuel to litres:Litres of fuel = Euros spent / Price per litre in your country
For example, if your organisation spent €500 on fuel in France where the price of petrol is €1.60/litre, the calculation would be:
500 / 1.60 = 312.5 litres of fuel
Input the litres into the KEY ESG platform
Open the Scope 3.6 Business Travel Calculator within the KEY ESG platform.
Choose the fuel type from the dropdown menu (e.g., petrol or diesel).
Enter the number of litres of fuel you calculated in the previous step.
Automatic CO2 emissions calculation
Once you’ve input the litres of fuel, the KEY ESG calculator will automatically calculate your carbon emissions based on the relevant emission factor for your selected fuel type. The output will show your emissions in kg CO2 equivalent (CO2e), ready for inclusion in your ESG reporting.
Conclusion
By following these steps, you can seamlessly convert your spend-based fuel data into litres and accurately calculate your CO2 emissions using the KEY ESG Scope 3.6 Business Travel calculator. This method ensures that your emissions reporting is as precise as possible while remaining easy to implement.
For further assistance, please reach out via our in-platform chat or email us at support@keyesg.com. We're here to help ensure that your ESG reporting is both efficient and accurate!