mobile logo

Trakref Operationalizes Sustainability

Legislation is changing, and there is now a greater need for tracking your air conditioning and refrigeration.

Key stakeholders are looking for detailed reports that show you are ready for a more sustainable future, including information about energy consumption and the global warming potential of your systems.

Trakref’s solution can help you with tracking greenhouse gases so you can decrease your output of carbon dioxide, refrigerants, and other harmful chemicals to improve your carbon footprint. You’ll go from aspirational goals to operational maturity.

We have the tools to help you fight climate change and show investors that your systems are efficient.

SEC Rulemaking on Emissions Reporting

Compared to just a few years ago, there is suddenly much more demand in our industry for reporting. The most significant change is happening at the national level through the SEC.

The SEC is considering rulemaking on requiring publicly traded companies to provide stakeholders with reporting on Scope 1, 2, and 3 emissions.

 

This would be required, much like financial documents that have long been seen as standard.

This proposal was passed 4-1. Regulations will likely go into place in 2023.

To make sure you have the proper systems in place to meet these new requirements, you’ll need digital technology in place to track your emissions.

 

Trakref provides what you need, including logic-driven dropdowns, unlimited user access, and a Scope 1 reporting module.

California goes all in on Carbon Emissions Reporting.

Three bills are making their way through the California Legislative process.

Disclosure and reporting – the billion dollar trigger: SB 253 will “require all large corporations that do business in California to publicly disclose their greenhouse gas (emissions) in line with the Greenhouse Gas Protocol . . . [and] [t]hese disclosures will include corporate supply chains (scope 3), which can include more than 90% of a corporation[‘]s carbon emission.”

 

Disclosure and Reporting – the 500 million dollar trigger: SB 261 modeled on the Federal securities risk disclosures that focus on financial risk related to a company’s climate-related financial risk in accordance with the recommended framework and disclosures published by the Task Force on Climate-related Financial Disclosures

 

Divestment: SB 252 “harnesses the power of California’s public investment funds, the California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement System (CalSTRS), to push businesses to act on climate change while protecting these vital public funds from fossil fuels’ inherent volatility.”

The state’s commitment to reducing oil use and carbon emissions has become even bolder with the introduction of these new bills, which replace SB 260.

The new plan aims to reduce oil use by an impressive 94% from 2022 levels by 2045, up from the previous goal of 91%.

In addition, the plan sets an ambitious target of cutting carbon emissions by 48% below 1990 levels by 2030, surpassing the 40% requirement under state law.

With an already robust infrastructure in place through the Air Resource Board and the R3 reporting program, we anticipate that the state registry will serve as the starting point for public reporting and disclosure, guided by the expertise of experienced staff members.

Like with the SEC rulemaking, having digital technology to track your refrigerant is crucial.

Being able to report on your cooling systems will be critical, and Trakref has the technology, services, and resources you need to do so.

EU CSRD

Understanding the Corporate Sustainability Reporting Directive

The CSRD is EU legislation requiring all large companies and all listed companies to disclose information on their risks and opportunities arising from social and environmental issues, as well as the impacts of their activities on people and the environment.

This impacts 50,000 companies and the first companies will have to apply the new rules in FY2024, with the first reports published in 2025.

Companies will report according to European Sustainability Reporting Standards (ESRS), and all companies can possibly be audited.

Have your best data ready — even if you are a USA company with significant operations in the EU.

Trakref can help with clean and compliant data that will allow you to move forward without any interruption to operations.

Trakref helps you track greenhouse gas emissions from refrigerants

Trakref helps you track your impact on the environment through our easy-to-use technologies. Widespread adoption of our solution from supermarket refrigeration to data center cooling shows that we’re serious about fighting industrial air pollution.

businesswoman reading business newspaper while standing under air conditioner with remote control

Track your refrigeration and air conditioning emissions

We work with you in the installation of our product to make sure that our technology is properly tracking the output from your buildings.

Our services ensure that you have a full understanding of your refrigerant throughout all areas of your business.

business woman presenting reports to her team

Scope 1 reporting module

Our Scope 1 reporting module helps you track the development of your impact on the atmosphere.

Technicians input data while in the field, and the system uses what they contribute to allow you to pull reports.

These can be used to show your performance and the quality of your sustainability projects.

nature and industry - landscape from above in the early morning in the fog

Track against your greenhouse gas goals

Every company and sector has different goals to achieve when it comes to greenhouse gases. Trakref lets you input these goals and measure against them.

This innovation allows you to have a tailored approach so you can see where your resources are going.

Trakref helps you track greenhouse gas emissions from refrigerants

Trakref is a rules engine that harvests data from service activity that impact the environment through our easy-to-deploy and use technologies.

Widespread adoption across more than 45,000 service providers is in use including in supermarkets, the cold supply chain, data center cooling, and more. We’re successful at helping companies effectively and affordably achieve their climate goals.

We work with you in the installation of our product to make sure that our technology is properly tracking the output from activity and materials at your buildings and commonly integrate with your company’s CMMS systems.

 

Our services ensure that you have an up to date, full understanding of your refrigerant and fugitive emissions throughout all areas of your business at all times.

Our Scope 1 reporting module helps you track the development of your impact on the atmosphere.

 

Technicians input data while in the field, and the system uses what they contribute to allow you to pull reports.

 

These can be used to show your performance and the quality of your sustainability projects.

Every company and sector has different goals to achieve when it comes to greenhouse gases. Trakref lets you input these goals and measure against them.

 

This innovation allows you to have a tailored approach so you can see where your resources are going.

Your Solution for ESG Reporting

We know that siloes are breaking down, and facilities managers are now
collaborating with executives and the board room to present ESG reports.

Trakref guides you through reporting on Scope 1 emissions data from your refrigerants so
you can ensure your information is auditable and accurate.

At the beginning of your journey with Trakref, we’ll collect information about your assets and locations.

 

This will ensure that the data that we provide is accurate and unique to your organization.

Your team of HVAC/R mechanicals will operate like they always have.

 

They just need to enter asset and location data into Trakref via the desktop or mobile app.

Trakref allows for unlimited users so that everyone has access to data inputted.

 

Everyone from executives to facilities managers can see the data.

With Trakref’s Scope 1 Emissions module, executives can pull data for ESG reports in carbon equivalents.

 

You can also measure against goals to track against where you want to be in the future.

ESMA Reporting Standards

ESMA, or the European Securities and Market Authority, are leading the way in climate disclosure in Europe.

They are already ahead of the SEC in terms of conducting analyses of companies’ greenhouse gas outputs – and this is why we wouldn’t be surprised if we see the SEC follow suit with their own set of rules.

ESMA currently encourages companies registered to follow Greenhouse Gas Protocol standards so that investors can use this information in decision-making.

This requires a company to disclose all greenhouse gas emissions resulting from its activities as well as information on the management’s approach to reduce them.

GHG Protocol looks at emissions in three scopes – Scope 1, 2, and 3. Scope 1 is what refrigeration mainly falls under – this is why Trakref has specific Scope 1 emissions logic and reporting.

ESMA’s pursuit to properly analyze greenhouse gases from companies will likely influence the SEC.

We wouldn’t be surprised that, in order to follow suit with European counterparts, we see the SEC put its latest rulemaking into action.

Our latest blogs on sustainability

View All

Access our Refrigerant Geek Community

As a Trakref customer, you won’t simply get our sustainable refrigeration software to track your air conditioning and natural refrigerants usage.

One of the benefits of working with us is the support that you’ll receive. We are constantly staying on top of the latest in sustainability news so we can share this with you.

Call us with your questions

Call us anytime if you have questions about new legislation, articles about refrigeration that you come across, or rules that are coming into place. We know everyone working with refrigeration, from supermarkets to manufacturers to suppliers, have questions about the latest issues in sustainable refrigeration. We analyze it all so you can call us for information anytime.

Stay up to date

You can also access our Refrigerant Geek Community through our website. This includes our blog, open mics, and handouts.

We have a commitment to breaking down barriers and contributing knowledge to the HVAC/R community, without using ads or paywalls.

Stay energy-efficient

To stay energy-efficient at every location, you need to know about the latest in sustainability. Make sure every site is using refrigeration efficiently not just through innovation through technology, but by having the latest industry information.

We provide this for you.

Contact Us

Trakref will give you the tracking and reporting capabilities you need to properly report on Scope 1 emissions and show how your company is working towards sustainability.

 

If you’re ready to get started, contact us today.