What is offset in SAP EHS-CI - SAP Carbon Impact?

SAP Term: offset

• Component: EHS-CI

• Component Name: SAP Carbon Impact

• Description: Financial instrument representing a reduction in greenhouse gas emissions.

Smart SAP Assistant

• Key Concepts: 
  Offset is a feature of the EHS-CI SAP Carbon Impact component that allows companies to reduce their carbon footprint by investing in projects that reduce emissions elsewhere. This is done by purchasing carbon credits from a third-party provider, which are then used to offset the company’s emissions. 
  
  How to use it: 
  To use the offset feature, companies must first identify a third-party provider that offers carbon credits. Once a provider is chosen, the company can purchase the credits and use them to offset their emissions. The credits can then be tracked and monitored through the EHS-CI SAP Carbon Impact component. 
  
  Tips & Tricks: 
  When selecting a third-party provider, it is important to ensure that they are reputable and have a good track record of providing quality carbon credits. Additionally, it is important to research the different types of carbon credits available and select one that best meets the company’s needs. 
  
  Related Information: 
  The EHS-CI SAP Carbon Impact component also offers other features such as reporting and analysis tools to help companies better understand their carbon footprint and identify areas for improvement. Additionally, there are other tools available such as carbon calculators and emissions tracking software that can be used in conjunction with the EHS-CI SAP Carbon Impact component.