The GHG Protocol Corporate Standard (GHG Protocol Corporate Accounting and Reporting Standard, GHGPCS) is an initiative for the global standardisation of emission of Greenhouse Gases in order that corporate entities should measure, quantify, and provide reportage of their own emission levels so that global emissions are made manageable. The relevant gases, as described by the 11 December 1997 Kyoto Protocol, that was implemented 16 February 2005, are: carbon dioxide, hydrofluorocarbons, methane, nitrous oxide, nitrogen trifluoride, perfluorocarbons and sulphur hexafluoride. The protocol itself is under the management of the World Resources Institute and the World Business Council for Sustainable Development.[1][2][3][4][5] The GHGP was launched in 1998 [6] and introduced in 2001.[7]
See also
editReferences
edit- ^ "Corporate Standard". ghgprotocol.org. GHG Protocol, World Resources Institute, World Business Council for Sustainable Development. Retrieved 12 July 2023.
provides requirements and guidance for companies and other organizations preparing a corporate-level GHG emissions inventory
- ^ "About Us". ghgprotocol.org. GHG Protocol, WRI, WBCSD. Retrieved 12 July 2023.
private and public sector operations, value chains and mitigation actions
- ^ "GHG Protocol Learning Management System". ghgprotocol.lambdastore.net/. GHG Protocol, WRI, WBCSD. Retrieved 12 July 2023.
- ^ "Terms of Use". ghgprotocol.org. GHG Protocol, WRI, WBCSD. Retrieved 12 July 2023.
- ^ "United Nations Framework Convention on Climate Change". unfccc.int. United Nations. Retrieved 12 July 2023.
- ^ "The GHG Protocol: A corporate reporting and accounting standard (revised edition)". wbcsd.org. World Business Council for Sustainable Development. Retrieved 13 July 2023.
The Greenhouse Gas Protocol Initiative is a multi-stakeholder partnership of businesses, non-governmental organizations (NGOs), governments, and others convened by the World Resources Institute (WRI), a U.S.-based environmental NGO, and the World Business Council for Sustainable Development (WBCSD), a Geneva-based coalition of 170 international companies.
- ^ Kaplan, Robert S.; Ramanna, Karthik (April 12, 2022). "We Need Better Carbon Accounting. Here's How to Get There". hbr.org; Harvard Business Review. Harvard University. Retrieved 12 July 2023.
The authors' recent HBR article, "Accounting for Climate Change" (Nov-Dec 2021), noted how the current dominant system for carbon accounting, the GHG Protocol, misses this critical point by allowing companies to guestimate upstream and downstream emissions. To address this shortcoming, they introduced an E-liability accounting system, based on well-established practices from inventory and cost accounting,