At Coolset, accuracy and adaptability lie at the core of our operations. When it comes to emission factors (EFs) described in various currencies such as EUR, GBP, or USD, we acknowledge the intricate nature of currency fluctuations and their potential implications on our assessment metrics.

To maintain the reliability of our data, we employ a standardized process for currency conversions. Each emission factor, irrespective of its native currency, is converted based on the exchange rate on its publication date. This method ensures that we are adhering to the most relevant and time-appropriate currency value, making our evaluations both fair and consistent.

For spend-based data in non-native currencies, we streamline our approach by employing the average currency conversion rate over the course of the full year. This ensures that we factor in all exchange rate fluctuations, offering a comprehensive and fair representation of reality.

For our clients, this translates into dependable data. By using the annual average rate, we counteract the inconsistencies of short-term currency spikes or dips. It's a method that simplifies understanding and ensures that our data mirrors the long-term financial landscape.