Documentation for your auditor/third-party audit facilitator
CEMS Provides Documentation for the User's Accounting:The achieved reductions in CO₂e equivalents, life cycle analysis (LCA), and ESG performance for the user's company are recorded and made available in your accounting.
Auditor/Third-Party Audit Facilitator Access:Your auditor/third-party audit facilitator is granted access to CEMS, where they must verify that the registration is correct and without discrepancies.
Self-Entry of Data:The user (the company) is responsible for entering CO₂e emissions, CO₂e reductions, life cycle analysis (LCA) data, and ESG data into CEMS.
Approval of Registrations:Your auditor/third-party audit facilitator must subsequently approve the registered amounts in CEMS. This is done annually in connection with the user’s financial year-end.
Documentation Options:The auditor/third-party audit facilitator has the option to extract documentation in the form of Excel files.
Importance of Data and References:To ensure accuracy, credibility, and transparency in the user’s reporting, it is crucial to prioritize correct and reliable data entry in CEMS. Data forms the basis of all calculations, and therefore, special attention should be given to collecting and recording information carefully.
The Necessity of Accurate Data:Correct and precise data is the cornerstone of any sustainability and environmental management system. Errors in data entry can result in inaccurate calculations and undermine the validity of life cycle analyses (LCA) and ESG performance assessments.
The Importance of Reliable References:Having reliable references and source citations for data is essential. This not only enables auditors/third-party audit facilitators to verify the entered information but also supports transparency and trust in the reported results.
By prioritizing data integrity and source references in CEMS, the user can achieve a more reliable and credible environmental and sustainability reporting, further strengthening the foundation for sustainable corporate governance.
Tax
Climate ESG Monitoring System (CEMS) makes your CO2e savings usable and accounting-ready. This takes place through CEMS's online accreditation platform.
If you as a user have reduced your CO2e footprint and this is documented via CEMS, then the CO2e equivalents are deductible in your accounts.
The Climate ESG Monitoring System (CEMS) also manages your potential overcompensation, ensuring that you are only taxed when you redeem the savings for your overcompensation.
Explanation: A carbon dioxide equivalent or CO2e equivalent, abbreviated as CO2e, is a metric used to compare emissions from different greenhouse gases based on their global warming potential (GWP), by converting quantities of other gases into the equivalent amount of carbon dioxide, with the same global warming effect.
www.dst.dk/da/Statistik/temaer/klima
