Video – Book and Claim (Market-Based Measure) in 100 Seconds
Taking Action: Simple Steps to Reduce Your Emissions
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Freight transportation is responsible for up to 10% of global greenhouse gas emissions, with demand expected to triple by 2050. The time to act is now, but how can businesses effectively reduce their emissions? This is where Book & Claim comes in.
Implementing Book & Claim
What is Book & Claim?
Traditional emissions accounting methods are based on tracking physical activities. In contrast, Book & Claim is a market-based measure (MBM) that allows businesses to purchase low-emission services and solutions, even if they’re not physically linked to each shipment. It provides flexibility and scalability for companies looking to decarbonize their value chains.
How Does It Work?
The Book & Claim system separates the environmental benefits of green services from their physical implementation. It connects carriers, logistics service providers (LSPs), and shippers, allowing each to play a role in reducing emissions:
- Carriers can apply low-emission solutions for their customer’s cargo.
- LSPs connect shippers to decarbonized services.
- Shippers reduce their inventory’s carbon impact without direct physical implementation.
- Solution providers scale high-quality, low-emission innovations to the broader market.
Implementing Book & Claim
To successfully implement Book & Claim, companies need to assess their operations, collaborate with partners, and align their goals. Tracking and reporting emissions accurately is crucial, and by following frameworks like the GLEC Framework and ISO 14083, businesses can represent their decarbonization journey more effectively.
To understand more about Book and Claim, enroll in the courses below.
To understand more about Book and Claim, enroll in the courses below.