Investor guide

Investor practices programme

Carbon Compass: Investor guide to carbon footprinting


This user-friendly guide developed by KeplerCheuvreux in cooperation with the IIGCC, the 2Degrees Investing Initiative and Deloitte is designed to help connect carbon footprint analysis with investment objectives such as minimising risk and meeting climate targets. There are a growing number of Carbon footprint services available, but how can investors use these tools for communication, engagement and decision-making? The ‘Carbon  Compass’ reviews each methodology and answers the most commonly-asked questions simply and practically.

This guide answers the 10 main questions that investors asking on the topic of carbon and climate change metrics.

– What scope should I include and what is the problem with double counting?

– How do I aggregate the results at portfolio level, and what metric should I use to normalise?

– What about other asset classes?

– What is the best technique to estimate data?

– How can I assess data quality and how can verification and assurance help?

– What approach for green-brown share?

– What about calculating avoided emissions?

– Benchmarks: what do they tell me?

– What alternative benchmarks are emerging?

– What are the main differences between data providers?

Latest Resources



Cross programme

Call for participation: Climate metrics and data


Investor guide


Investor practices programme

Building Resilience to a Changing Climate: Investor Expectations of Companies on Physical Risks and Opportunities


Position paper


Corporate programme

Net Zero Standard for Oil and Gas companies




Policy programme

Global Investor Statement to Governments on the Climate Crisis – 2021 update


Consultation response


Policy programme

IIGCC response to FCA consultation on enhancing climate-related disclosures by asset managers, life insurers, and FCA-regulated pension providers