ISO-14064-1: 2018 FOR GHG EMISSIONS REPORTING

 

Bill Gates!

ISO 14064-1: 2018

Background

Climate change arising from anthropogenic activity has been identified as one of the greatest challenges facing the world and will continue to affect business and citizens over future decades.

 

Climate change has implications for both human and natural systems and could lead to significant impacts on resource availability, economic activity and human wellbeing. In response, international, regional, national and local initiatives are being developed and implemented by public and private sectors to mitigate greenhouse gas (GHG) concentrations in the Earth’s atmosphere, as well as to facilitate adaptation to climate change.

There is a need for an effective and progressive response to the urgent threat of climate change on the basis of the best available scientific knowledge. ISO produces documents that support the transformation of scientific knowledge into tools that will help address climate change.

GHG initiatives on mitigation rely on the quantification, monitoring, reporting and verification of GHG emissions and/or removals.

 

The ISO 14060 family provides clarity and consistency for quantifying, monitoring, reporting and validating or verifying GHG emissions and removals to support sustainable development through a low-carbon economy and to benefit organizations, project proponents and interested parties worldwide. Specifically, the use of the ISO 14060 family:

·      — enhances the environmental integrity of GHG quantification;

·      — enhances the credibility, consistency and transparency of GHG quantification, monitoring, reporting, verification and validation;

·      — facilitates the development and implementation of GHG management strategies and plans;

·      — facilitates the development and implementation of mitigation actions through emission reductions or removal enhancements;

·      — facilitates the ability to track performance and progress in the reduction of GHG emissions and/or increase in GHG removals.

Applications of the ISO 14060 family include:

·      — corporate decisions, such as identifying emission reduction opportunities and increasing profitability by reducing energy consumption;

·      — risks and opportunities management, such as climate-related risks, including financial, regulatory, supply chain, product and customer, litigation, reputational risks and its opportunity for business (e.g. new market, new business model);

·      — voluntary initiatives, such as participation in voluntary GHG registries or sustainability reporting initiatives;

·      — GHG markets, such as the buying and selling of GHG allowances or credits;

·      — regulatory/government GHG programmes, such as credit for early action, agreements or national and local reporting initiatives.

 

This document details principles and requirements for designing, developing, managing and reporting organization-level GHG inventories.

It includes requirements for determining GHG emission and removal boundaries, quantifying an organization’s GHG emissions and removals, and identifying specific company actions or activities aimed at improving GHG management.

It also includes requirements and guidance on inventory quality management, reporting, internal auditing and the organization’s responsibilities in verification activities.