What is the Green House Gas Protocol (GHG Protocol)?
The Green House Gas Protocol (GHG Protocol) is an organisation that provides global standards for the capture and reporting of greenhouse gases for both the private and private sectors. GHG Protocol introduced the division of emissions into Scopes 1, 2 and 3 to provide a clear overview of where a company’s emissions occur – in its operations or at suppliers or customers. The GHG Protocol provides guidelines on what to report on, how to report, and how to collect and use data and emission factors.
Who uses the corporate standard?
The GHG Protocol is the most widely used standard for GHG reporting worldwide. The GHG Protocol Corporate Accounting and Reporting Standard provides requirements and guidance for companies and other organisations preparing an inventory of GHG emissions. These standard forms the basis for almost all companies’ GHG reporting. In contrast, other standards provide guidelines for cities, product life cycle emission calculations and corporate value chain emission calculations.
Why is it important?
Accurate GHG accounting helps identify the source of significant emissions, enabling informed climate strategies, actions and priorities.