Emissions accounting needs a makeover, and it’s coming
GreenBiz
JANUARY 2, 2023
The Greenhouse Gas Protocol 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.
Greenhouse Gas Protocol Related Topics 
UEFA launches carbon footprint calculator for football
Environmental News Bits
APRIL 29, 2024
At its core the calculator is a tool that simplifies the classification of greenhouse gas protocol 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.
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KeyBank Details Carbon Commitments in 2021 ESG Report
3BL Media
MAY 2, 2022
1 Refer to The Greenhouse Gas Protocol 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.
CarbonChain Launches Commodities Supply Chain Emissions Reporting Solution
ESG Today
APRIL 10, 2024
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 Greenhouse Gas Protocol; “CBAM Compliance,” for importers impacted (..)
UNFCU's 2022 Impact Report Highlights Strong Progress on Advancing UN Sustainable Development Goals
3BL Media
JULY 7, 2023
In close collaboration with Greenhouse Gas Accounting specialists, the Credit Union tracked emissions using the Greenhouse Gas Protocol standard. UNFCU developed its 2022 Impact Report with reference to the Global Reporting Initiative (GRI).
Putting Sustainability at the Heart of ERP
3BL Media
JUNE 7, 2024
As such, it allows customers to meet Greenhouse Gas Protocol reporting standards, offering advanced, granular calculations of both product and corporate carbon footprints. SAP Green Ledger will be released at the end of 2024.
FedEx Launches Tool Enabling Customers to Track Shipping Emissions
ESG Today
MAY 24, 2023
Created by the company’s data-focused unit FedEx Dataworks, the new solution calculates greenhouse gas (GHG) emissions, using a methodology that follows the WRI’s Greenhouse Gas Protocol, and includes industry standard emission factors, utilities and transportation specific operational metrics.
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Lenovo Boosts Customer Sustainability With New Reduced Carbon Transport Service
3BL Media
SEPTEMBER 6, 2023
The Greenhouse Gas Protocol 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.
Emissions Tracking and Reporting Software Startup Plan A Raises $27 Million
ESG Today
SEPTEMBER 21, 2023
The platform’s solutions are aligned with internationally recognized scientific methodologies and standards such as the Greenhouse Gas Protocol and the Science Based Targets initiative (SBTi), and the accuracy of the applied Corporate Carbon Footprint (CCF) calculation methodology is certified by TÜV Rheinland.
Report: Baker Hughes Tapped Zero-carbon Sources for Nearly One-third of Electricity Use in 2023, Reduced Emissions 28.3% from Baseline
3BL Media
MAY 15, 2024
Baker Hughes’ corporate sustainability report is prepared using the Global Reporting Initiative (GRI) standards and the Greenhouse Gas Protocol (GHG) as the foundation of our report. In 2023, the company reported a 34.5%
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New Report Highlights MetLife's Integrated Strategy To Build a More Sustainable Future
3BL Media
JUNE 23, 2022
Emissions are tracked and reported in accordance with the Greenhouse Gas Protocol. 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.
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The SEC Is Close to Requiring Emissions Disclosure – Here’s Where Companies Stand
Just Capital
MARCH 21, 2022
Scope 3 emissions can be broken down into 15 categories as specified by the Greenhouse Gas Protocol 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.
Advancing ESG Strategy and Creating a Competitive Advantage With Climate-Related Disclosure
3BL Media
JULY 1, 2022
The proposed new SEC legislation incorporates frameworks on climate risk and GHG emissions from the Taskforce on Climate-related Financial Disclosures (TCFD) and the Greenhouse Gas Protocol.
Apple Backs California’s Proposed Emissions Reporting Rules
ESG Today
SEPTEMBER 8, 2023
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 Greenhouse Gas Protocol standards. When he introduced the bill, Wiener noted that the new reporting rules would apply to most large U.S.
California Governor Signs Climate Disclosure Bills, but Pushes Back on Timeline and Cost
ESG Today
OCTOBER 9, 2023
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 Greenhouse Gas Protocol standards.
Message From Our Chair and CEO
3BL Media
JUNE 26, 2024
Our 2023 environmental, social and governance disclosures were aligned to five leading standards and frameworks – GRI (Global Reporting Initiative), Greenhouse Gas Protocol, Taskforce on Climate-related Financial Disclosures, Sustainability Accounting Standards Board, and World Economic Forum Stakeholder Capitalism Metrics.
Survey: Over 70% of Execs Lack Confidence in Their Own ESG Data Reported to Stakeholders
ESG Today
JUNE 23, 2022
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 greenhouse gas protocols to measure scope 1, 2 and 3 emissions, and achieving investor-grade carbon accounting level of data.
Renewable Thermal Collaborative Releases Case Study on the U.S. Renewable Natural Gas (RNG) Agreement between AstraZeneca and Vanguard Renewables
3BL Media
MARCH 4, 2024
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.
Raptic Products Achieve Carbon Neutral Certification
3BL Media
AUGUST 23, 2022
First, SCS completed a cradle-to-grave carbon footprint assessment of Raptic products in accordance with the global the Greenhouse Gas Protocol Product Life Cycle Accounting and Reporting standard, including production processes, materials, distribution, packaging, and end-of-life disposal.
Takeaways From Panel Discussion at Sustainability Summit
3BL Media
JULY 26, 2022
The Greenhouse Gas Protocol (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 2021 Corporate Sustainability Report: Performance Data
3BL Media
MAY 26, 2022
Chevron uses the World Resources Institute/World Business Council for Sustainable Development Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard (2015) definition of three “scopes” to report GHG emissions. enhancing our reporting.
The US SEC Proposes Landmark Climate-Related Disclosures
3BL Media
MAY 23, 2022
The proposed disclosures share many of the same features as the widely accepted disclosure frameworks, including the TCFD and the Greenhouse Gas Protocol 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.
The Era of Compliance: The Changing Landscape of ESG Reporting
3BL Media
JULY 12, 2023
Topics under consideration include climate-related risks and material impacts; climate-related risks and management processes; greenhouse gas (GHG) emissions which could be subject to assurance; climate-related financial statement metrics; and information about climate-related targets, goals, and corresponding transition plans.
Enabling a Sustainable Chip Industry Requires a Long-Term Vision and Near-Term Actions
3BL Media
JULY 21, 2022
Early in 2022, we assessed the 15 categories defined by the Greenhouse Gas Protocol to identify and inventory the primary sources of our Scope 3 emissions for our semiconductor products.
Biogas trade bodies and companies call for an urgent rethink on GHG Protocol guidance for corporate biomethane use reporting
Envirotec Magazine
FEBRUARY 7, 2023
Over 50 biogas and biomethane trade associations and companies from around the world have written to the World Resources Institute (WRI), administrator of the Greenhouse Gas Protocol , 1 calling for a rethink of its position on the use of biomethane certificates for greenhouse gas reporting by corporate gas users.
Yum China Releases First TCFD Report, Advancing its Commitment to Climate Action
3BL Media
JULY 26, 2022
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 Greenhouse Gas Protocol. The Company uses the GHG emissions inventory as the basis to develop GHG emissions reduction targets.
New platform aims to enhance energy accountability
Sustainability Matters
JANUARY 18, 2024
Quintrace users can access hourly carbon calculations in accordance with the Greenhouse Gas Protocol, as well as emerging standards like EnergyTag. Additionally, users can record and manage Energy Attribute Certificates, which encompass Renewable Energy Certificates (RECs) and Guarantees of Origin (GOs).
Duke Energy Expands Clean Energy Action Plan
3BL Media
FEBRUARY 10, 2022
Scope 1, 2 and 3 emissions are based on the Greenhouse Gas Protocol. 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.
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Northwestern Mutual Sustainability and Social Impact: Reducing Our Environmental Impact
3BL Media
MAY 2, 2024
This includes accounting for our scope 1 and 2 greenhouse gas emissions consistent with Greenhouse Gas Protocol guidelines.
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Mondel?z 2022 Snacking Made Right Report: Our Carbon Footprint
3BL Media
AUGUST 14, 2023
Mondelēz 2022 Snacking Made Right Report Assessing Our Carbon Footprint We take a thorough approach following the internationally recognized Greenhouse Gas Protocol (GHG Protocol) Standards to calculate, annually, our total carbon footprint across our end-to- end supply chain, covering Scopes 1, 2, and 3.
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How Biofuels Can Support Your Carbon Management Strategy
3BL Media
NOVEMBER 8, 2022
The Greenhouse Gas Protocol (and other reporting mechanisms, such as CDP Climate Change) allows for part of the scope 1 emissions associated with the combustion of biogenic sources (i.e., This certifies that only one entity is taking credit for the environmental benefit, and the benefit isn’t being double counted.
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VCM Code of Practice Launches, with Google, Unilever and Hitachi on Board
Chris Hall
JUNE 7, 2022
The targets used are those of the Greenhouse Gas Protocol, the international emissions accounting tool which separates emissions into Scopes 1, 2 and 3, ranging from direct emissions from owned sources through to indirect emissions throughout a company’s value chain. .
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Brookfield, NGO Disagree on Scope 3 Reporting
Chris Hall
DECEMBER 19, 2023
Financed emissions are the greenhouse gas emissions linked to the investment, and lending activities of financial institutions. Financed emissions are part of Scope 3 emissions under the Greenhouse Gas Protocol, which provides standards and tools that help entities track progress toward climate goals.
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Achieving Net-Zero Is More Than Setting Targets
3BL Media
MAY 25, 2022
Achieving net-zero begins with reducing greenhouse gas emissions in the three categories, or Scopes, defined by Greenhouse Gas Protocol, the international accounting tool. Dealing with the Scope 3 Challenge. Scope 1 covers direct emissions from owned or controlled sources.
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Energy Giants Come Under Shareholder Pressure on Emissions
Chris Hall
APRIL 13, 2022
Many of the existing disclosures by US companies build on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and the Greenhouse Gas Protocol, both referenced by the proposed SEC rule. The post Energy Giants Come Under Shareholder Pressure on Emissions appeared first on ESG Investor.
Not as Green as it Seems
Chris Hall
DECEMBER 8, 2022
The software market is also faring poorly for ‘Scope 2 emissions Intensity’ which captures GHG emissions from consumption of purchased electricity, heat or steam by the company, as categorised by the Greenhouse Gas Protocol, divided by the company’s revenue. in 2014 rising to 6.66 Scope 3 reporting.
7 Companies Leading the Net Zero Energy Revolution
3BL Media
MAY 17, 2022
Developed as an international accounting standard by the Greenhouse Gas Protocol, emissions are separated into three categories: Scope 1: Direct emissions Emissions from company-owned facilities, functions, and resources. To understand the progress that’s been made, it’s important to know how emissions are classified.
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Eight Myths Debunked
Chris Hall
JULY 21, 2022
It follows an extensive request for information during which 70% of investors called for TCFD-based disclosure , including its recommendation to use Greenhouse Gas Protocol standards for disclosing corporate GHG emissions. Myth 1: Climate change isn’t a financial risk .
LyondellBasell Increases Greenhouse Gas Emissions Reduction Targets, Includes Scope 3
3BL Media
DECEMBER 29, 2022
LyondellBasell's reported emissions and expected reductions are based on a combination of measured and estimated data and are based on industry standards and best practices, including the Greenhouse Gas Protocol and guidance from IPIECA and the American Petroleum Institute.
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Over two thirds of local authorities failing to gather Scope 3 carbon emissions figures, says study
Envirotec Magazine
JANUARY 10, 2024
It found that local authorities are well behind the private sector in terms of gathering and analysing key Scope 3 Greenhouse Gas (GHG) emissions data which, according to the Local Government Association, represents between 70 and 80 per cent of a typical local authority’s total emissions 1.
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Get ready, Corporate America: The carbon disclosure mandates are coming
GreenBiz
MARCH 17, 2021
The greenhouse gas protocol has been around for many years and sets out a detailed process (more than 700 pages) for measuring corporate carbon footprints. With the slow pace of standards development, companies are facing uncertainty about what information to collect.
A Little Less Consultation, a Little More Action
Chris Hall
JANUARY 27, 2023
Common challenge The review is correct when it reports businesses are facing a lack of data about emissions in their supply chains and within their investment portfolios – creating a challenge for accurately reporting their audit-grade emissions according to the Greenhouse Gas Protocol (GHGP) and taking action to reduce them.
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Aga Khan University: Scope 3 Emissions Reductions Case Study
Sustainable Development Network
NOVEMBER 15, 2022
Our carbon accounting tool uses the Global Greenhouse Gas Protocol Scope 3 guidance, builds on the latest science, and uses both top-down (EE-MRIO) and bottom-up methodologies for scope 3 accounting. What were the key success factors in implementing the case study?
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