Complementary Frameworks for Greenhouse Gas Accounting: GHG Protocol vs. ISO 14064

As concerns about climate change intensify, organizations worldwide are increasingly focusing on measuring and reducing their greenhouse gas (GHG) emissions. Two prominent frameworks that assist in this endeavor are the GHG Protocol and ISO 14064. While both frameworks address the same issues, they have distinct features and serve complementary roles in the landscape of environmental standards.

Overview of GHG Protocol and ISO 14064

The?GHG Protocol?offers flexible guidelines widely utilized for corporate GHG accounting, providing businesses with the tools needed to measure and manage their carbon footprint. It delineates emissions across three scopes:

Scope 1:Direct emissions from owned sources.

Scope 2:?Indirect emissions from the generation of purchased electricity.

Scope 3:?All other indirect emissions that occur in a company’s value chain.

Conversely,?ISO 14064?presents a more formalized structure. It is an international standard specifying principles and requirements at different levels of GHG accounting and verification, divided into three parts:

• ?ISO 14064-1 (Organizational Level):?Helps companies quantify and report their GHG emissions and removals.
• ?ISO 14064-2 (Project Level):?Provides guidance on quantifying, monitoring, and reporting emission reductions and removal enhancements from specific projects.
• ?ISO 14064-3 (Validation and Verification):?Pertains to the validation and verification of GHG information, ensuring the credibility and quality of the reported data.

Key Differences and Complementarities

One key difference between the two frameworks lies in their approach to guidance and certification. The GHG Protocol primarily serves as a guidance tool, offering detailed calculation methods and operational strategies to manage and report emissions, but it does not offer formal certification.

ISO 14064, while providing a structured framework for GHG accounting, lacks the detailed calculation tools offered by the GHG Protocol. Instead, it emphasizes maintaining consistency, comparability, completeness, transparency, and accuracy in GHG quantification, monitoring, and reporting. It includes mechanisms for third-party verification, enhancing the reliability of the reported data.

Moreover, ISO 14064 requires defining and documenting efforts to reduce GHG emissions, an aspect less emphasized by the GHG Protocol. This makes ISO 14064 particularly valuable for organizations seeking to report and improve their environmental impact through specific projects.

Choosing the Right Framework

The decision to adopt the GHG Protocol, ISO 14064, or both depends on an organization’s specific needs. For companies looking for comprehensive guidance on calculating and reporting emissions, the GHG Protocol may be more suitable. On the other hand, organizations that need formalized standards with the potential for certification might opt for ISO 14064.

To gain more insights into this topic, read the rest of the blog here: Complementary Frameworks for Greenhouse Gas Accounting: GHG Protocol vs. ISO 14064 (msg-global.com)