1) Enables companies to thoroughly understand their climate impacts;
\n2) Sparks the proper responsive actions and allows for a robust strategy;
\n3) Allows them to make environmental claims to stakeholders.<\/p>\n
Recap: What is the GHG Protocol?<\/h2>\n
The Greenhouse Gas (GHG) Protocol<\/a> was developed in the late \u201990s and is the global standard framework for measuring and managing our greenhouse gas emissions (GHG).\u00a0 Most of its listed corporations have reported according to the GHG protocol for years already. The framework is now also increasingly adopted by many small and mid-size enterprises.<\/p>\n The GHG protocol<\/a> applies to measuring greenhouse gasses in both the public and private sectors. It provides standards that create a common ground for many sustainability certifications and reporting systems.\u00a0As a result, other standards such as the Global Reporting Initiative (GRI)<\/a> and the International Integrated Reporting Council (IIRC)<\/a> are built on the GHG protocol.<\/p>\n Because of its relevance, GHG Protocol reporting receives a lot of attention from stakeholders (customers, investors, etc.). The Protocol is now increasingly adopted worldwide as the standard framework for measuring climate risks and climate performance.<\/p>\n It should not be underestimated. It\u2019s the base for every sustainability year report- and it\u2019s tricky<\/em> to measure.<\/p>\n Find our full webinar recap on measuring GHG emissions below (summary + recording)<\/em><\/strong>.<\/p>\n GHG reporting has become a requirement in sustainability\/CSR year reports. And now plays a crucial role in a company\u2019s strategic climate decisions.<\/p>\n As the GHG protocol<\/a> report is a framework, it entails a couple of standards for different organizational levels. These can help you measure and achieve your sustainability mission and targets.<\/p>\n The most important standards are:<\/p>\n The protocol and the standards mentioned above look at both indirect<\/em><\/strong>\u2013 as well as direct <\/em><\/strong>emissions that occur in companies\u2019 value chains (also called scope 1, 2, and 3 emissions- we\u2019ll discuss that soon).<\/p>\n When it comes to the GHG standards, organizations often set Science based targets<\/a> and KPI\u2019s. This helps them to make the claim that they operate \u2018within the boundaries of the planet\u2019, i.e. the Paris Agreement, whether that is \u2018within the boundaries of 1.5. or 2 degrees scenario\u2019.<\/p>\n Companies can formally submit their target to SBTI<\/a>, which also verifies that such targets have been set in line with the SBTI methodology. The methodology allows for various types of target setting, which should be decided upon depending on the nature of the business<\/p>\n Lots to do.\u00a0<\/em><\/strong><\/p>\n GHG emissions are generated from all kinds of organizational activities throughout your value chain (upstream + downstream). The GHG Protocol categorizes these emissions into three scopes- scope 1, 2, and 3<\/a>:<\/p>\n Scope 1: <\/strong>Emissions from scope 1 are direct emissions. This means that they directly come from your company\u2019s owned- or controlled source, such as company vehicle emissions.<\/p>\n Scope 2: <\/strong>Emissions in scope 2 cover the indirect emissions from purchased sources, such as your company\u2019s consumed electricity or cooling. For example; this would entail the emissions from the burning of fossil fuels at a power station that generates your electricity.<\/p>\n Scope 3:<\/strong> Emissions from scope 3 are the trickiest<\/em>. They are all the other indirect emissions within your entire value chain. Including the upstream supply chain (suppliers), as well as downstream GHG emissions (e.g. from customer usage). Think of emissions from; your business travels, waste disposal transportation, or investments. For many organizations, scope 3 emissions provide a dominant impact category<\/strong> (up to 80% of total footprint).<\/p>\n As you can imagine, scope 1 and 2 emissions are easier to measure than scope 3 emissions.<\/p>\n![\"Greenhouse](\"https:\/\/ecochain.com\/wp-content\/uploads\/2023\/05\/1280px-GHG_Protocol_Logo.svg-1024x285-1.png\"){kind=logo}
Sustainability Reporting: What are the GHG Standards?<\/h2>\n
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![\"Energy](\"https:\/\/ecochain.com\/wp-content\/uploads\/2023\/05\/dan-meyers-vouoK_daWL8-unsplash-1024x683-1.jpg\")
<\/figure>\nScience-based targets & KPI\u2019s<\/h3>\n
What are Scope 1, 2 and 3 emissions<\/h2>\n
![\"\"](\"https:\/\/ecochain.com\/wp-content\/uploads\/2023\/05\/scope123-1024x658-1.jpg\")
<\/figure>\nScope 3 Emissions \u2013 The Biggest Impact Reduction Potential<\/h2>\n
![\"\"](\"https:\/\/ecochain.com\/wp-content\/uploads\/2023\/05\/Schermafbeelding-2020-12-22-om-12.56.07.png\")
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<\/figure>\n![\"\"](\"https:\/\/ecochain.com\/wp-content\/uploads\/2023\/05\/company_scope-1.gif\")
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