Fresh GHG Protocol standards unveiled
- 05 October 2011
LONDON: The Greenhouse Gas Protocol (GHG Protocol) has launched two new global standards to help top businesses and governments across the world measure, manage and report on greenhouse gas (GHG) emissions, which will accelerate the Clean Revolution.
The newly developed guidelines for corporate value chains (scope 3) and product life cycle emissions, will allow international companies to cut costs and risks, and gain competitive advantages.
“These standards are a breakthrough for business. For the first time, companies will be able to measure and manage the full scope of emissions in their value chain and products, so they can take advantage of new opportunities as they reduce greenhouse gases,” said Manish Bapna, Interim President, WRI. “Backed by the credibility of the GHG Protocol, the new standards will help move businesses and reporting programs to one harmonized global reporting framework.”
The GHG Protocol is a family of GHG standards which began in 2001 with the Corporate Accounting and Reporting Standard and is developed by business, governments and NGOs partnerships, convened by the World Resources Institute (WRI) and the World Business Council for Sustainable Development and is the most widely used international accounting tool of its kind.
The two standards were built on the experience and knowledge of over 350 leading experts and road-tested by over 30 companies in nine countries, in response to demand from the group’s partners for a new generation of credible and effective programs for tackling climate change.
“The standards were developed through a global, multi-stakeholder process making them both credible and user-friendly,” said Pankaj Bhatia, Director, GHG Protocol, WRI. “Building on current best practice and extensive input from businesses, governments, and other partners, these standards will be beneficial to businesses and other stakeholders in developing strategies to reduce emissions around the globe.”
The Corporate Value Chain (Scope 3) Standard assesses companies’ entire value chain climate impact including the often significantly damaging scope 3 sources, and helps identify the best ways to reduce GHG emissions, highlighting partnerships with suppliers and customers.
The Product Life Cycle Standard helps companies recognize the climate impacts of a full life cycle of products including raw materials, manufacturing, transportation, storage, use and disposal, focusing on education and communication to customers. With this standard, international corporations' products will be made more efficiently, more cheaply, and with reduced risk.
Robert ter Kuile, Senior Director Environmental Sustainability, PepsiCo said of the standards: “The broad scope and diversity of our operations means that having a common method to measure and understand the emissions across our value chain is essential. The GHG Protocol standards provide us a globally applicable method for quantification as well as guiderails to adapt and identify the best opportunities for efficient and effective emissions management. This is an economically, as well as an environmentally valuable tool.”
Kate Krebs, Director of Sustainable Resources, The Climate Group says: “These new standards provide a path to evaluating the full lifecycle of the resources utilized to manufacture products; companies can focus on tangible actions and point to changes in systems and markets that will create both a prosperous and sustainable world. They are therefore an essential tool for accelerating our Clean Revolution.”
Read more about the GHG Protocol