Definition
A long-term contract in which a company agrees to buy electricity from a specific power plant, such as a wind or solar farm, usually for 10 to 20 years at an agreed price. The contract usually includes the plant’s energy attribute certificates, so the company can count that electricity as renewable in its market-based Scope 2 emissions. PPAs can also help pay for new renewable energy projects to be built.
In Practice
“My company signed a power purchase agreement with a new solar farm that will supply most of our factory’s electricity for the next 15 years.”
Need Help Breaking Down ESG Concepts?
Our experts can explain what these terms mean for your company and how they apply to your reporting.
Keep Learning
FAQs
Data security
We take data security very seriously. ECO-OS uses enterprise-grade security measures, including encryption, secure data storage, regular security audits, and compliance with leading industry standards. Your sensitive ESG data remains private, secure, and confidential at all times.
Do you provide implementation support?
Absolutely! Our professional services team is among the most talented and experienced in the business. They provide hands-on implementation support, systematically guiding your team every step of the way. From initial data discovery and onboarding of users to training and integration, our experts ensure your team rapidly closes gaps and creates new value with ECO-OS.
Do you also support Scope 3 reporting?
Of course. ECO-OS provides an end to end solution for Scope 3 emissions following the guidance of the GHG Protocol. A suite of tools unique to our platform simplifies the complex task of communicating, collecting and aggregating your supply chain data, helping you clearly understand your full value chain emissions and devise actionable reduction programs.
What international standards and frameworks are supported by ECO-OS?
ECO-OS supports alignment with major global ESG reporting frameworks, including CSRD, the GHG Protocol, California SB 253 and SB 261, the UN Global Compact, the UN SDGs, and other leading international standards.
Start Your Journey to Compliance and Growth Today
