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Companies Need Help Measuring Their Carbon Footprints

Carbon accounting is a term that few corporations know.

Corporations, particularly those with multinational operations, need to start planning immediately for how they will conduct corporate accounting as

Corporations, particularly those with multinational operations, need to start planning immediately for how they will conduct corporate accounting as lawmakers draft stricter environmental regulations.

A company's efforts to be friendly to the earth and develop sustainable business practices is not only a display of corporate responsibility, it is now something that many consumers expect and demand.

But as a study from Epicor Software Corporation discovered, complying with more environmental laws may be incredibly burdensome for businesses. Organizations that have not worked to understand carbon accounting as a concept or how to execute its ideas could be especially vulnerable, Epicor said.

A survey of 1,000 companies from around the world determined that 58 percent were not familiar with the term "carbon accounting," and 80 percent of respondents don't measure their carbon footprint at all.

"It's quite worrying to think that a third of all companies don't know whether they are under legal obligation to report emissions and we want to take this opportunity to urge the industry as a whole to take responsibility and help educate businesses about energy management," said Chris Purcell, product marketing manager for Epicor.