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GHG Inventory A GHG inventory is a detailed, methodical process used by businesses to systematically measure their emissions, usually following a recognized standard like the GreenhouseGasProtocol. Below are the key methodologies and tools commonly used in this process.
natural gas, diesel, gasoline, coal), energy consumption data (electricity, steam, cooling), materials used in the manufacturing process (e.g., Key data points for GHG emissions calculation include type and quantity of fuel used (e.g., raw materials with associated emissions), and waste disposal methods.
CARB encourages alignment with existing frameworks, such as the GreenhouseGasProtocol (GHG Protocol) for emissions and TCFD or ISSB for climate risk, signaling a desire for practical, actionable disclosures.
It provides a clear framework for calculating the impact of various activities, including venue construction, transport and travel (for athletes, organisers and spectators), energy use, materials, and operations such as catering and waste management.
The GreenhouseGasProtocol hasn’t been updated in years, but a much-needed overhaul is on the way as are frameworks that aim to improve Scope 3 data collection.
1 Refer to The GreenhouseGasProtocol for scope definitions. Together, these goals will ensure that Key not only achieves carbon neutrality, but also continues to reduce our emissions overall. To learn more about Key’s ESG efforts, read the 2021 Environment, Social, and Governance Report here.
Employ the GreenhouseGasProtocol Corporate Accounting and Reporting Standard methodology to determine our GHG emissions inventory. Report our environmental performance through well-accepted Global Reporting Initiative Standards 2021, the Task Force on Climate-Related Financial Disclosures and the CDP global disclosure system.
Workiva continues to develop and deliver innovative capabilities that ensure our end-to-end platform enables our customers to meet evolving ESG disclosure requirements,” said Julie Iskow, chief operating officer of Workiva.
Emissions are tracked and reported in accordance with the GreenhouseGasProtocol. The net zero commitment applies to GHG emissions from MetLife, Inc.’s s wholly owned insurance company subsidiaries, where data and methodologies are available. Read more about MetLife’s climate commitments online.
Remanufacturing can help companies reduce the GreenhouseGasProtocol Scope 1, 2, and especially 3 emissions that make up a significant percentage of carbon debt in their products. At the same time, given increasing regulations, manufacturers have to calculate whether the energy consumption for one-time-use goods is profitable.
ESG practitioners predicted that over the next 18 months internal ESG budgets will be devoted primarily to the reporting of environmental factors, such as calculating greenhousegasprotocols to measure scope 1, 2, and 3 emissions and achieving investor- grade carbon disclosures.
In the meantime, companies may look at the dozens of international standards that are already commonly used as the backbone of sustainability disclosures, such as those of the GreenhouseGasProtocol and the Science Based Targets initiative.
According to CarbonChain, the new launch forms part of its spring 2024 product release, which includes a series key updates, including “Carbon Reporting Hub,” a new centralized hub enabling users to auto-generate product carbon footprints and corporate emissions reports aligned with the GreenhouseGasProtocol; “CBAM Compliance,” for importers impacted (..)
The proposed disclosures share many of the same features as the widely accepted disclosure frameworks, including the TCFD and the GreenhouseGasProtocol and investors would be provided with the necessary information, via the GHG emissions disclosures proposals to look at a registrant’s climate-related and transition risks.
Early in 2022, we assessed the 15 categories defined by the GreenhouseGasProtocol to identify and inventory the primary sources of our Scope 3 emissions for our semiconductor products.
Created by the company’s data-focused unit FedEx Dataworks, the new solution calculates greenhousegas (GHG) emissions, using a methodology that follows the WRI’s GreenhouseGasProtocol, and includes industry standard emission factors, utilities and transportation specific operational metrics.
Improving reporting on environmental data appears to be top of mind for the decision makers, with the 2 most cited top challenges facing their organizations regarding ESG reporting including calculating greenhousegasprotocols to measure scope 1, 2 and 3 emissions, and achieving investor-grade carbon accounting level of data.
In close collaboration with GreenhouseGas Accounting specialists, the Credit Union tracked emissions using the GreenhouseGasProtocol standard. UNFCU developed its 2022 Impact Report with reference to the Global Reporting Initiative (GRI).
Fifth Third has reduced greenhousegas emissions in the areas of building operations, corporate transport and business travel by 48% since 2014. Fifth Third measures and reports on its corporate greenhousegas emissions using the GreenhouseGasProtocol methodology with third-party verification of its calculations.
Those surveyed, who hold a range of positions from C-suite, VP, Director and Manager to individual contributors at these organizations stated that two of the biggest challenges regarding ESG reporting are calculating greenhousegasprotocols to measure scope 1, 2 and 3 emissions and achieving investor- grade carbon disclosures.
Scope 3 emissions can be broken down into 15 categories as specified by the GreenhouseGasProtocol and the EPA. supply chain) and downstream (i.e. value chain) emissions. A majority of companies (57%) disclose Scope 1 and 2 emissions. This represents an increase of 15 percentage points, from 42% in 2021.
The GreenhouseGasProtocol defines Scope 3 emissions—which account for 70 percent of the average corporate total emissions 3 —as those that occur outside a company’s walls, including emissions tied to the purchase and disposal of products.
The platform’s solutions are aligned with internationally recognized scientific methodologies and standards such as the GreenhouseGasProtocol and the Science Based Targets initiative (SBTi), and the accuracy of the applied Corporate Carbon Footprint (CCF) calculation methodology is certified by TÜV Rheinland.
The proposed new SEC legislation incorporates frameworks on climate risk and GHG emissions from the Taskforce on Climate-related Financial Disclosures (TCFD) and the GreenhouseGasProtocol.
Companies will also need to make detailed disclosures on assets or business activity vulnerable to climate risks, capital expenditures deployed to climate risks and opportunities, carbon pricing models, climate targets and whether targets affect executive remuneration.
Disclosure obligations would begin in 2026 for Scope 1 and 2 emissions, and in 2027 for Scope 3 emissions, with measurement and reporting to be performed according to the GreenhouseGasProtocol standards. When he introduced the bill, Wiener noted that the new reporting rules would apply to most large U.S.
Disclosure obligations would begin in 2026 for Scope 1 and 2 emissions, and in 2027 for Scope 3 emissions, with measurement and reporting to be performed according to the GreenhouseGasProtocol standards.
As such, it allows customers to meet GreenhouseGasProtocol reporting standards, offering advanced, granular calculations of both product and corporate carbon footprints. SAP Green Ledger will be released at the end of 2024.
Now we are setting this new absolute target, spanning scopes 1, 2 and 3 of the greenhousegasprotocol, because, if we want to truly decarbonize our global businesses, we need to move from carbon intensity reductions to absolute reductions.”
As passed in the Assembly, SB 253 ’s disclosure obligations would begin in 2026 for Scope 1 and 2 emissions, and in 2027 for Scope 3 emissions, with measurement and reporting to be performed according to the GreenhouseGasProtocol standards.
First, SCS completed a cradle-to-grave carbon footprint assessment of Raptic products in accordance with the global the GreenhouseGasProtocol Product Life Cycle Accounting and Reporting standard, including production processes, materials, distribution, packaging, and end-of-life disposal.
The GreenhouseGasProtocol (GHG Protocol) offers companies different levels of commitments to advance their sustainability journey. ESG Research at Credit Suisse, as part of the Semicon West Sustainability Summit, within Applied CEO Gary Dickerson’s keynote session.
Chevron uses the World Resources Institute/World Business Council for Sustainable Development GreenhouseGasProtocol: A Corporate Accounting and Reporting Standard (2015) definition of three “scopes” to report GHG emissions. enhancing our reporting.
Baker Hughes’ corporate sustainability report is prepared using the Global Reporting Initiative (GRI) standards and the GreenhouseGasProtocol (GHG) as the foundation of our report. In 2023, the company reported a 34.5%
Metrics and Targets – Yum China has developed a GHG emissions inventory across the entire value chain including upstream, downstream, and own operations, in accordance with the latest GreenhouseGasProtocol. The Company uses the GHG emissions inventory as the basis to develop GHG emissions reduction targets.
AstraZeneca and Vanguard Renewables focused on climate impact from the outset, shaping this procurement to ensure that it creates new renewable gas production capacity, prevents atmospheric methane emissions, and reduces AstraZeneca’s Scope 1 emissions. Transparency in GHG emissions accounting is critical.
At its core the calculator is a tool that simplifies the classification of greenhousegasprotocol categories, and aligns specifically with football operations. This week at Arsenal’s Emirates Stadium, European football’s governing body UEFA launched its carbon footprint calculator.
Topics under consideration include climate-related risks and material impacts; climate-related risks and management processes; greenhousegas (GHG) emissions which could be subject to assurance; climate-related financial statement metrics; and information about climate-related targets, goals, and corresponding transition plans.
Scope 1, 2 and 3 emissions are based on the GreenhouseGasProtocol. Duke Energy will be transparent about its progress and what it can achieve. The company will share more details during its ESG Investor Day later this year.
However, these emissions are not effectively included in current Science Based Targets because they fall outside the boundaries of the GreenhouseGasProtocol for Scope 3 emissions. In fact, the UN Environment Programme reported that the buildings and construction sector account for 37% of emissions globally.
The widely adopted GreenhouseGasProtocol (GHG Protocol) is flexible by design, allowing users to tailor metrics to meet their specific business needs. These targets can only be achieved through transparency, cooperation and information sharing; however, there is no universal standard for capturing the relevant metrics.
Over 50 biogas and biomethane trade associations and companies from around the world have written to the World Resources Institute (WRI), administrator of the GreenhouseGasProtocol , 1 calling for a rethink of its position on the use of biomethane certificates for greenhousegas reporting by corporate gas users.
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