Carbon management trends
What
An organizational greenhouse gas inventory is the process by which a company, organization, or other entity collects, records, calculates, and reports its greenhouse gas emissions and removals, thereby establishing a greenhouse gas management system. Common domestic and international quantification standards or guidelines include: ISO 14064-1:2018, Greenhouse Gas Protocol, and the Ministry of Environment Greenhouse Gas Inventory Guidelines. According to the Ministry of Environment guidelines, the greenhouse gases that organizations need to inventory include: carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs), sulfur hexafluoride (SF6), nitrogen trifluoride (NF3), and other gases announced by the competent authority.
Why
The Paris Agreement demonstrates countries’ commitment to net-zero emissions and encourages the development of climate-related regulations. International enterprises are taking carbon reduction actions, and major brands are beginning to require suppliers to provide emission data, formulate reduction strategies, and drive supply chain carbon reductions to achieve net-zero goals. For enterprises, conducting a greenhouse gas inventory independently brings several benefits:
Who
Enterprises may be required by domestic regulations or customer demands to conduct greenhouse gas inventories and disclose emissions:
How
Enterprises can follow five key steps to conduct an organizational greenhouse gas inventory:
Solution
SGS has extensive resources and a professional team to help you assess risks and provide comprehensive solutions. ISO 14064-1:2018 is a must-have for all enterprises and represents the first step on the carbon management journey. Are you interested in conducting a greenhouse gas inventory but unsure where to start? Contact us!
Q&A
The duration of the inventory depends on the size of the organization, inventory scope, and personnel involvement, typically ranging from several months to one year.
If an enterprise is conducting a voluntary carbon inventory without external mandates, external verification is optional. External verification provides the following benefits:
Both are standards related to greenhouse gas quantification. ISO 14067 quantifies the carbon footprint of products, while ISO 14064-1 addresses the overall organizational greenhouse gas emissions.
More information on ISO 14067 Product Carbon Footprint
References:
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