Greenhouse gas ghg protocol the wriwbcsd greenhouse gas protocol provides standards including the corporate standard and the corporate value chain scope 3 standard referenced in this document and other resources for businesses and other stakeholders to measure and manage scopes 1, 2 and 3 ghg emissions. Greenhouse gas protocol product life cycle accounting and. Introduction to ghg protocol corporate accounting standard presentation by pankaj bhatia at the greenhouse gas management workshop for federal agencies. Accounting for ghg emissions according to ghg protocol corporate standard based on equity share equity share of ghg emissions equity share of ghg emissions. Wriwbcsd corporate value chain scope 3 accounting and reporting standard. The standard covers the accounting and reporting of seven greenhouse gases covered by the kyoto protocol carbon dioxide co2, methane ch4, nitrous oxide. Reporting standard ghg protocol corporate standard, published in september 2001, enjoyed broad adoption and acceptance around the globe by businesses, ngos, and governments. A comparison of iso 14064 part 1 and the ghg protocol. The greenhouse gas protocol world resources institute. Ghg protocol policy and action standard world bank group. Ppt ghg protocol initiative powerpoint presentation free. Treatment of green gas in the ghg protocol is included in the ghg protocol scope 2 guidance, published in 2015 guidance primarily focusses on ghg emissions from purchased electricity, but a parallel is made with the reporting of scope 1 emissions from consumed natural gas, including green gas if a company purchases green gas through a. Co1 wriwbcsd ghg protocol corporate standard co3 iso. The standard covers the accounting and reporting of seven greenhouse gases covered by the kyoto protocol carbon dioxide co2, methane ch4, nitrous oxide n2o, hydrofluorocarbons hfcs, perfluorocarbons.
The greenhouse gas protocol corporate accounting and. We report our emissions based on a calendar year for all sources of emissions. The ghg protocol product life cycle accounting and reporting standard referred to as the product standard provides requirements and guidance for companies and other organizations to quantify and publicly report an inventory of ghg emissions and removals associated with a specific product. An amendment to the ghg protocol corporate standard and the ghg protocol. Mar 11, 2019 ghg emissions from private and public sector operations, value chains and mitigation actions. The greenhouse gas protocol corporate module was developed by a consortium convened by the world resources initiative and the world business council on sustainable development, and will soon issue its second. Software evaluations ghg and carbon accounting, auditing. Value chain scope 3 accounting and reporting standard, the ghg protocol has responded to the. It has been designed to help users estimate the ghg impact of policies and actions to inform policy design, improve policy effectiveness in reducing emissions, meet domestic or international emissions reporting objectives, and ensure that efforts to reduce emissions are achieving their intended results.
Unlike part 1 of the iso 14064, which refined emerging ghg inventory standards and best practices already in existence such as the wbcsdwri ghg protocol, part 3 of iso 14064 established for the first time a process for conducting a verification of a ghg assertion, such as an organizations ghg inventory report. The ghg protocol set of tools, recommended for use by the india ghg program enable companies to develop comprehensive and reliable inventories of their ghg emissions. Wriwbcsd greenhouse gas protocol corporate value chain scope 3 accounting and reporting standard scope 3. It is designed to set the standard for accurate, complete, consistent, relevant and transparent accounting and reporting of ghg emissions by companies and organizations, including information on setting organizational and operational boundaries. Scope 2 accounts for ghg emissions from the generation of purchased electricity consumed by the corporation. The corporate value chain scope 3 accounting and reporting standard is a supplement to the ghg protocol corporate accounting and reporting standard, and should be used in conjunction with it. Carbon accounting corporate accounting and reporting standards. Wwf position and guidance on voluntary purchases of carbon. Intent the purpose of this document is to provide voluntary supplemental guidance for accounting and reporting greenhouse gas ghg emissions across the aerospace industry to encourage voluntary reporting of corporate ghg emissions by aerospace companies. Corporate value chain scope 3, accounting and reporting standard are referred to as the ghg protocol in this document. The ghg protocol corporate accounting and reporting standard provides requirements and guidance for companies and other organizations preparing a ghg emissions inventory. Corporate accounting and scope 2 guidance wris internationally recognized ghgp corporate accounting and reporting standard is intended to help. Iso 14064 and the greenhouse gas protocol iso 14064 part 1 is generally consistent and compatible with the ghg protocol developed by the world business council for sustainable development wbcsd and world resources institute wri iso 14064 identifies the what ghg protocol provides the how and why. Co1 wriwbcsd ghg protocol corporate standard co2 wbcsd.
Building on a 20 year partnership between world resources institute wri and the world business council for sustainable development wbcsd, ghg protocol works with governments, industry associations, ngos, businesses and other organizations. Ghg protocol corporate standard january 2015 specifically table 7. Greenhouse gas protocol ghg protocol corporate standard. We view ghg software is an important tool for ghg professionals, and as such, this program supports the institutes larger mission of professional development of. Two ghg protocol standards under development policy and action standard how to estimate ghg effects from specific policies and actions e. Wriwbcsd corporate value chain scope 3 accounting and reporting standard scope 3 cdp guidance for companies reporting on water on behalf of investors and supply chain members. The greenhouse gas protocol now requires nitrogen trifluoride nf3, a chemical released in some hightech industries including electronics manufacturing, to be included in ghg inventories under the corporate standard, value chain scope 3 standard, and product standard. The greenhouse gas protocol ghg protocol is the most widely used international accounting tool for government and business leaders to understand, quantify, and manage greenhouse gas emissions. If this document is in adobes portable document format pdf, you will need to have the. Ghg emissions, scope 1, 2, and 3 across the value chain. This revised edition of the ghg protocol corporate standard is the culmination of a. The ghg protocol corporate accounting and reporting standard provides requirements and guidance for companies and other organizations preparing a corporatelevel ghg emissions inventory.
The primary goal of this standard is to provide a general framework for companies to make informed. Ghg calculation and reporting protocol the greenhouse gas protocol. The methodology for calculating ghg emissions in portfolio manager is based on the greenhouse gas protocol corporate accounting and reporting standard developed by the world resources institute wri and world business council for sustainable development. The ghg protocol corporate standard requires reporting a minimum of scope 1 and scope 2 emissions. An amendment to the ghg protocol corporate standard. Scope 2 ghg emissions information has been prepared in accordance with the wriwbcsd ghg protocol scope 2 guidance. Mar 15, 2016 the greenhouse gas protocol now requires nitrogen trifluoride nf3, a chemical released in some hightech industries including electronics manufacturing, to be included in ghg inventories under the corporate standard, value chain scope 3 standard, and product standard. Wriwbcsd ghg protocol corporate standard description internationally recognised procedure for ghg emission quantification and the preparation of verifiable emission reports. Ppt ghg protocol initiative powerpoint presentation. Many industry, ngo, and government ghg programs1 used the standard as a basis for.
It covers the accounting and reporting of the six greenhouse gases covered by the kyoto protocolcarbon dioxide co 2, methane ch 4, nitrous oxide n 2 o, hydrofluorocarbons hfcs. The first edition of the ghg protocol corporate accounting and reporting standard ghg protocol corporate standard, published in september 2001, enjoyed broad adoption and acceptance around the globe by businesses, ngos, and governments. It is designed to set the standard for accurate, complete, consistent, relevant and transparent accounting and reporting of ghg emissions by companies and organizations, including information on setting organizational and operational. However, if the franchiser does have equity rights or operational financial control, then the same rules for consolidation under the equity or control approaches apply.
Bsr ghg emissions accounting, renewable energy purchases, and zerocarbon reporting 4 2. Conduct complete ghg accounting per the ghg protocol with third party verification. Iso 14064 international standard for ghg emissions. Protocol scope 2 guidance, an amendment to the ghg protocol corporate standard. For scope 3 emissions we use the ghg protocol corporate value chain scope 3 accounting and reporting standard. However, many existing ghg programs use it for their own accounting and reporting requirements and it is compatible with most of them, including. For corporate reporting, two distinct approaches can be used to consolidate ghg emissions. Reducing greenhouse gas ghg emissions can be one of the most important, and most effective, steps that a company can take to reduce its environmental impact and save money. Accounting for ghg reductions ghg protocol project quantification standard focuses on the quantification of ghg reductions from ghg mitigation projects that will be used as offsets. Companies shall account for and report their consolidated ghg data according to either the equity share or control approach as presented below. The tool guidebook also may be used to develop new ghg calculation tools see box 1. A comparison of iso 14064 part 1 and the ghg protocol corporate module by matt spannagle, australia this paper attempts to identify similarities and differences between two influential global approaches to organizational sometimes called corporate or entitylevel greenhouse gas accounting. The ghg protocol corporate accounting and reporting standard provides requirements and guidance for companies and other organizations, such as ngos.
The course is based on the ghg protocol policy and action standard. A corporate accounting and reporting standard, revised edition, the ghg protocol scope 2 guidance. The primary goal of this standard is to provide a general framework for companies to. Carbon accounting corporate accounting and reporting. This revised edition of the ghg protocol corporate standard is the culmination of. The ghg protocol corporate accounting and reporting standard helps companies and other organizations to identify, calculate, and report ghg emissions. A corporate accounting and reporting standard the greenhouse gas protocol 390 370 350 330 310 290 270 ppm year. This corporate accounting and reporting standard draws on the expertise and contributions of. This includes building bridges with existing and emerging climate. Fedcenter the greenhouse gas protocol corporate accounting. Iso 14064 and the greenhouse gas protocol iso 14064 part 1 is generally consistent and compatible with the ghg protocol developed by the world business council for sustainable development wbcsd and world resources institute wri iso 14064 identifies.
The ghg protocol initiative is comprised of two separate but linked modules. Offsets are discrete ghg reductions used to compensate for i. Pdf on mar 1, 2004, janet ranganathan jasper koch and others published the greenhouse gas protocol. The india ghg program is based on and specifically recommends refering to ghg protocols corporate standard for guidance on the entire inventory development process. The ghg protocol corporate standard has been designed to be program or policy neutral. Co1 wriwbcsd ghg protocol corporate standard co3 iso 14064. Ghg protocol corporate accounting and reporting standard this document, which provides a. The ghg protocol corporate standard provides standards and guidance for companies and other types of organizations preparing a ghg emissions inventory. Corporate accounting and reporting standards corporate. Scope 3 verizon reports emissions from corporate business travel air and rail and are calculated based on reservations provided by the travel agency. The guidelines for corporate climate stewardship proposed in this paper recommend reducing emissions within corporate boundaries according to the levels that are consis. If an organization purchases biogas that is delivered through a shared natural gas pipeline, see appendix a of the ghg protocol scope 2 guidance for a discussion of appropriate ghg accounting for this situation. The greenhouse gas protocol corporate accounting and reporting standard. Unlike part 1 of the iso 14064, which refined emerging ghg inventory standards and best practices already in existence such as the wbcsdwri ghg protocol, part 3 of iso 14064 established for the first time a process for conducting a verification of a ghg assertion, such.
The greenhouse gas protocol the greenhouse gas protocol is the most widely used international accounting tool for government and business leaders to understand, quantify and manage ghg emissions. The ghg protocol corporate accounting and reporting standard provides requirements and guidance for companies and other organizations preparing a corporate level ghg emissions inventory. A credible ghg emissions report presents relevant information that is complete, consistent, accurate and transparent be based on the best data available at the time of publication. The ghg protocol, over a decadelong partnership between the world resources. The amendment keeps the ghg protocols reporting requirements aligned. The scope 3 standard builds on the ghg protocol corporate standard and accounts for. The greenhouse gas protocol world resources report.
Future activities of the ghg protocol the ghg protocolwill continue to serve as a process by which to improve and further develop accounting and reporting standards in the future, and to broaden the base of users and stakeholder input. Ghg emissions from private and public sector operations, value chains and mitigation actions. Reporting standard ghg protocol corporate standard, published in. The ghg protocol corporate standard requires reporting a minimum of scope 1 and scope 2. It was designed with the following objectives in mind. Corporate value chain scope 3 accounting and reporting standard. Ghg reporting guidance for the aerospace industry page 3 a. Ghg emissions accounting, renewable energy purchases. We define our scope 1 and scope 2 emissions reporting in accordance with the greenhouse gas protocol. Greenhouse gas ghg protocol, corporate accounting and reporting standard, revised edition scope 1 and 2 and the ghg protocol scope 2 guidance, an amendment to the ghg protocol corporate standard. Verizon uses generally accepted accounting standards for tracking and reporting our greenhouse gas inventory.
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