Process of identifying and quantifying carbon in form of carbon dioxide (CO2) added to or removed from the earth's atmosphere, natural and human activity (en)
"The A to Z of Corporate Social Responsibility", Wayne Visser, Dirk Matten, Manfred Pohl, Nick Tolhurst, https://books.google.lu/books?id=EhsZJtiie2QC&pg=PA54&lpg=PA54&dq=%22carbon+balance+refers+to%22&source=bl&ots=3WolVf64J7&sig=bBlOm1hebO9RQI37Ps7FwrGxe_4&hl=en&sa=X&redir_esc=y#v=onepage&q=%22carbon%20balance%20refers%20to%22&f=false (en)