Measuring Climate Change

There is that saying, ‘you do what you measure’ and SMART (Specific, Measurable, Achievable, Realistic, Time-bound) objectives are part of all our lives. Measurement matters.

When it comes to the environment, particularly carbon emissions, significant work has been carried out to try and establish standardised measurements. However, how do we apply this to the measurement of emissions for highly specialised banknote printing and cash cycle operations? Central banks are good at measurements relating to monetary policy, but what about the environment?

BioBanknote has developed a tool designed specifically for central banks and currency printing works. The tool, the bioGHG Tool, is a web-based application for central banks and printing works that captures the full carbon footprint of the currency life cycle organised around banknote manufacturing, distribution and logistics, end-of-life currency processing and administrative operations.