Accuracy gap (in Carbon accounting)
The accuracy gap refers to the variance between the emissions a company calculates and the emissions for which it is held accountable. Closing this gap is crucial for businesses to mitigate risks, including potential legal non-compliance, and to gain benefits such as enhanced brand equity. The accuracy gap often arises due to methodological discrepancies and data used in estimating emissions. Comprehensive and scientifically sound carbon accounting practices can enable businesses to bridge the accuracy gap and ensure more accurate emissions reporting.