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DESCRIPTION: Last year marked a global shift in corporations adopting low-carbon and net-zero pledges as experts at the United Nations Climate Change Conference , COP26, declared that the climate crisis is at a critical inflection point. Microsoft Industry: Information Technology Headquarters: United States. SOURCE: Antea Group.
The new code aims to provide the information needed to scrutinise carbon credit claims and ensure they are underpinned by science-led action. . I do think it’s groundbreaking,” says Guy Turner, Chief Executive of Trove Research. “I I think it starts to answer the guidance question, which a lot of companies have been struggling with.”.
With the slow pace of standards development, companies are facing uncertainty about what information to collect. The greenhousegasprotocol has been around for many years and sets out a detailed process (more than 700 pages) for measuring corporate carbon footprints.
A breakthrough happened about 18 months ago at the COP26 climate summit in Glasgow when the IFRS Foundation agreed to form the ISSB and establish a single sustainability reporting framework. Created in 2000, the IFRS is a non-profit foundation that has become the global standard-setter for accounting principles.
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