GHG Protocol Corporate Standard

How the GHG Protocol paves the way to climate neutrality

The GHG Protocol Corporate Standard, an integral part of sustainability and environmental performance efforts, refers to a set of internationally recognised standards for calculating, monitoring, reporting and verifying company-wide greenhouse gas emissions. This standard is a critical tool for companies to understand their environmental impact and develop strategies to reduce their emissions.

Historical development and current status of the GHG Protocol Corporate Standard

Since its introduction in 2001 by the World Resources Institute and the World Business Council for Sustainable Development, the GHG Protocol Corporate Standard has helped to increase transparency and accountability among companies in their handling of greenhouse gas emissions. Through its practical approach, the standard has helped to develop a common language and consistent methods for measuring and reporting emissions.

Today, the GHG Protocol Corporate Standard is the most widely used standard for emissions reporting worldwide and is an important part of the broader strategy to promote sustainability and environmental awareness. The rapidly evolving requirements of climate change and the associated commitments of companies to transparency and accountability have led to the GHG Protocol Corporate Standard becoming even more important.

Relevant regulatory and economic aspects of the GHG Protocol Corporate Standard

The GHG Protocol Corporate Standard is not only a powerful tool for companies to understand and manage their environmental impact, but is also increasingly a legal requirement. Many governments and regulatory authorities worldwide have incorporated the standard into their legal requirements, obliging companies to measure and report their emissions accordingly.

From an economic perspective, compliance with the GHG Protocol Corporate Standard offers a number of advantages. In addition to improving their reputation and stakeholder trust, companies can save costs by identifying sources of emissions, recognising potential energy efficiency gains and developing measures to reduce their emissions.

Conclusion

In a world increasingly focused on sustainability and environmental responsibility, the GHG Protocol Corporate Standard provides companies with a robust tool for understanding, managing and reporting their greenhouse gas emissions. Considering regulatory requirements and economic benefits, it is critical that companies incorporate this standard into their strategic decisions and operational practices. Adopting and using the GHG Protocol Corporate Standard is an important step towards a sustainable future.