GHG Protocol publish Scope 3 Corporate Value Chain and Product Life Cycle Standards
Today the GHG Protocol launched two new global greenhouse gas accounting standards – for corporate value chains (scope 3) and product life cycle emissions.
WRI stated that…. “scope 3 (value chain) emissions… are considered… the buried treasure of corporate GHG management. It is where the surprises and biggest reduction opportunities are often found. The new standard provides a treasure map for companies to locate opportunities for emission reductions with significant business benefits” both upstream and downstream. It follows on from the widely used GHG Protocol Scope 1 & 2 guidelines already published.
The Product LC Standard allows organisations to understand the full life cycle emissions of a product from raw materials to manufacturing, use and disposal.
Download the new GHG Protocol Corporate Value Chain (Scope 3) Standard here and the new GHG Protocol Product Life Cycle Standard here with additional tools and guidance. Check out the 3 minute animation video here
About the GHG Protocol & link to GRI:
Janet Ranganathan, WRI’s (World Resources Institute’s) Vice-president for Science & Research, stated “WRI’s efforts in the late 1990s to create a common framework for tracking corporate environmental performance had led to the launch of the Global Reporting Initiative (GRI), and I saw the opportunity for a specific GHG emissions protocol.” (GRI has since expanded to include social and economic aspects of reporting.)
The Greenhouse Gas Protocol (GHG Protocol) is the most widely used international accounting tool to understand, quantify, and manage GHG emissions. It was developed by the WRI and the WBCSD (World Business Council for Sustainable Development).
Over 85 percent of 2487 companies who took part in a 2010 Carbon Disclosure Project used the GHG Protocol along with the UK DEFRA’s Voluntary Reporting Guidelines, the Climate Registry, Mexico’s GHG Program, Brazil’s GHG Protocol Program. ISO 14064-1 is also consistent with this standard.
