The European Rental Association (ERA) has announced a pioneering project to create the first comprehensive carbon reporting guidance tailored specifically for the equipment rental industry. Partnering with KPMG, ERA aims to establish a standardized methodology for calculating and reporting carbon emissions, addressing a critical need for harmonized and comparable data in the sector.
With the EU's Corporate Sustainability Reporting Directive soon requiring large companies to measure and report their sustainability performance, ERA's initiative is timely. The new guidance will build on the existing Equipment CO2 Calculator and provide detailed methodologies for calculating emissions across Scopes 1, 2, and 3, with a focus on industry-specific operations such as equipment use, production, maintenance, transportation, and waste disposal.
Michel Petitjean, Secretary General of ERA, highlighted the importance of this initiative, stating, “There is currently no agreed methodology available for calculating the carbon footprint of equipment rental companies. This project will set a reference framework that benefits not only the European industry but also serves as a global benchmark.”
The ERA Sustainability Committee is steering the project, with the final report expected by mid-2024.
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