Intervention accounting
Intervention accounting, also known as project-based accounting, is a method used to assess the environmental impact of a specific project. It compares the project's impact to a baseline, which represents the environmental outcomes that would have occurred without the project. This method examines the additional carbon removed from the atmosphere or emissions reduced due to actions taken in a specific location, such as regenerative farming practices.
Intervention projects follow the ISO 14064 standards and are verified by TÜV. Companies invest in these projects to help reduce carbon emissions and support sustainable practices.
Intervention and inventory accounting can go hand-in-hand, depending on your company’s goals. Klim’s experts are happy to help you identify the best approach by reaching out to us here.