Emissions accounting needs a makeover, and it’s coming
GreenBiz
JANUARY 2, 2023
The Greenhouse Gas Protocol hasn’t been updated in years, but a much-needed overhaul is on the way as are frameworks that aim to improve Scope 3 data collection.
Greenhouse Gas Protocol Related Topics 
2024 SAIC Corporate Responsibility Report: Environmental Roadmap and Progress
3BL Media
NOVEMBER 1, 2024
Employ the Greenhouse Gas Protocol Corporate Accounting and Reporting Standard methodology to determine our GHG emissions inventory. Report our environmental performance through well-accepted Global Reporting Initiative Standards 2021, the Task Force on Climate-Related Financial Disclosures and the CDP global disclosure system.
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UEFA launches carbon footprint calculator for football
Environmental News Bits
APRIL 29, 2024
At its core the calculator is a tool that simplifies the classification of greenhouse gas protocol categories, and aligns specifically with football operations. This week at Arsenal’s Emirates Stadium, European football’s governing body UEFA launched its carbon footprint calculator.
KeyBank Details Carbon Commitments in 2021 ESG Report
3BL Media
MAY 2, 2022
1 Refer to The Greenhouse Gas Protocol for scope definitions. Together, these goals will ensure that Key not only achieves carbon neutrality, but also continues to reduce our emissions overall. To learn more about Key’s ESG efforts, read the 2021 Environment, Social, and Governance Report here.
CarbonChain Launches Commodities Supply Chain Emissions Reporting Solution
ESG Today
APRIL 10, 2024
According to CarbonChain, the new launch forms part of its spring 2024 product release, which includes a series key updates, including “Carbon Reporting Hub,” a new centralized hub enabling users to auto-generate product carbon footprints and corporate emissions reports aligned with the Greenhouse Gas Protocol; “CBAM Compliance,” for importers impacted (..)
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Fifth Third Ranked Among America’s Climate Leaders 2024 by USA Today
3BL Media
SEPTEMBER 25, 2024
Fifth Third has reduced greenhouse gas emissions in the areas of building operations, corporate transport and business travel by 48% since 2014. Fifth Third measures and reports on its corporate greenhouse gas emissions using the Greenhouse Gas Protocol methodology with third-party verification of its calculations.
UNFCU's 2022 Impact Report Highlights Strong Progress on Advancing UN Sustainable Development Goals
3BL Media
JULY 7, 2023
In close collaboration with Greenhouse Gas Accounting specialists, the Credit Union tracked emissions using the Greenhouse Gas Protocol standard. UNFCU developed its 2022 Impact Report with reference to the Global Reporting Initiative (GRI).
FedEx Launches Tool Enabling Customers to Track Shipping Emissions
ESG Today
MAY 24, 2023
Created by the company’s data-focused unit FedEx Dataworks, the new solution calculates greenhouse gas (GHG) emissions, using a methodology that follows the WRI’s Greenhouse Gas Protocol, and includes industry standard emission factors, utilities and transportation specific operational metrics.
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Putting Sustainability at the Heart of ERP
3BL Media
JUNE 7, 2024
As such, it allows customers to meet Greenhouse Gas Protocol reporting standards, offering advanced, granular calculations of both product and corporate carbon footprints. SAP Green Ledger will be released at the end of 2024.
Lenovo Boosts Customer Sustainability With New Reduced Carbon Transport Service
3BL Media
SEPTEMBER 6, 2023
The Greenhouse Gas Protocol defines Scope 3 emissions—which account for 70 percent of the average corporate total emissions 3 —as those that occur outside a company’s walls, including emissions tied to the purchase and disposal of products.
Kering Commits to 40% Absolute Emissions Reduction Across Value Chain
ESG Today
MARCH 20, 2023
Now we are setting this new absolute target, spanning scopes 1, 2 and 3 of the greenhouse gas protocol, because, if we want to truly decarbonize our global businesses, we need to move from carbon intensity reductions to absolute reductions.”
Emissions Tracking and Reporting Software Startup Plan A Raises $27 Million
ESG Today
SEPTEMBER 21, 2023
The platform’s solutions are aligned with internationally recognized scientific methodologies and standards such as the Greenhouse Gas Protocol and the Science Based Targets initiative (SBTi), and the accuracy of the applied Corporate Carbon Footprint (CCF) calculation methodology is certified by TÜV Rheinland.
Apple Backs California’s Proposed Emissions Reporting Rules
ESG Today
SEPTEMBER 8, 2023
Disclosure obligations would begin in 2026 for Scope 1 and 2 emissions, and in 2027 for Scope 3 emissions, with measurement and reporting to be performed according to the Greenhouse Gas Protocol standards. When he introduced the bill, Wiener noted that the new reporting rules would apply to most large U.S.
New Report Highlights MetLife's Integrated Strategy To Build a More Sustainable Future
3BL Media
JUNE 23, 2022
Emissions are tracked and reported in accordance with the Greenhouse Gas Protocol. The net zero commitment applies to GHG emissions from MetLife, Inc.’s s wholly owned insurance company subsidiaries, where data and methodologies are available. Read more about MetLife’s climate commitments online.
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Can Remanufacturing Build the Industrial-Sized Circular Economy?
3BL Media
DECEMBER 15, 2022
Remanufacturing can help companies reduce the Greenhouse Gas Protocol Scope 1, 2, and especially 3 emissions that make up a significant percentage of carbon debt in their products. At the same time, given increasing regulations, manufacturers have to calculate whether the energy consumption for one-time-use goods is profitable.
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The SEC Is Close to Requiring Emissions Disclosure – Here’s Where Companies Stand
Just Capital
MARCH 21, 2022
Scope 3 emissions can be broken down into 15 categories as specified by the Greenhouse Gas Protocol and the EPA. supply chain) and downstream (i.e. value chain) emissions. A majority of companies (57%) disclose Scope 1 and 2 emissions. This represents an increase of 15 percentage points, from 42% in 2021.
Advancing ESG Strategy and Creating a Competitive Advantage With Climate-Related Disclosure
3BL Media
JULY 1, 2022
The proposed new SEC legislation incorporates frameworks on climate risk and GHG emissions from the Taskforce on Climate-related Financial Disclosures (TCFD) and the Greenhouse Gas Protocol.
Workiva and Persefoni Partner to Streamline Investor-Grade Carbon Disclosure Data
3BL Media
FEBRUARY 16, 2022
Workiva continues to develop and deliver innovative capabilities that ensure our end-to-end platform enables our customers to meet evolving ESG disclosure requirements,” said Julie Iskow, chief operating officer of Workiva.
Report: Baker Hughes Tapped Zero-carbon Sources for Nearly One-third of Electricity Use in 2023, Reduced Emissions 28.3% from Baseline
3BL Media
MAY 15, 2024
Baker Hughes’ corporate sustainability report is prepared using the Global Reporting Initiative (GRI) standards and the Greenhouse Gas Protocol (GHG) as the foundation of our report. In 2023, the company reported a 34.5%
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California Governor Signs Climate Disclosure Bills, but Pushes Back on Timeline and Cost
ESG Today
OCTOBER 9, 2023
As passed in the Assembly, SB 253 ’s disclosure obligations would begin in 2026 for Scope 1 and 2 emissions, and in 2027 for Scope 3 emissions, with measurement and reporting to be performed according to the Greenhouse Gas Protocol standards.
Survey: Over 70% of Execs Lack Confidence in Their Own ESG Data Reported to Stakeholders
ESG Today
JUNE 23, 2022
Improving reporting on environmental data appears to be top of mind for the decision makers, with the 2 most cited top challenges facing their organizations regarding ESG reporting including calculating greenhouse gas protocols to measure scope 1, 2 and 3 emissions, and achieving investor-grade carbon accounting level of data.
Guidance published to help tackle GHG emissions in environment and engineering sectors
Envirotec Magazine
SEPTEMBER 25, 2024
However, these emissions are not effectively included in current Science Based Targets because they fall outside the boundaries of the Greenhouse Gas Protocol for Scope 3 emissions. In fact, the UN Environment Programme reported that the buildings and construction sector account for 37% of emissions globally.
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Survey Results: ESG Practitioners Underprepared for Changing Global Regulations and Challenging Reporting Requirements
3BL Media
JUNE 23, 2022
ESG practitioners predicted that over the next 18 months internal ESG budgets will be devoted primarily to the reporting of environmental factors, such as calculating greenhouse gas protocols to measure scope 1, 2, and 3 emissions and achieving investor- grade carbon disclosures.
Raptic Products Achieve Carbon Neutral Certification
3BL Media
AUGUST 23, 2022
First, SCS completed a cradle-to-grave carbon footprint assessment of Raptic products in accordance with the global the Greenhouse Gas Protocol Product Life Cycle Accounting and Reporting standard, including production processes, materials, distribution, packaging, and end-of-life disposal.
Renewable Thermal Collaborative Releases Case Study on the U.S. Renewable Natural Gas (RNG) Agreement between AstraZeneca and Vanguard Renewables
3BL Media
MARCH 4, 2024
AstraZeneca and Vanguard Renewables focused on climate impact from the outset, shaping this procurement to ensure that it creates new renewable gas production capacity, prevents atmospheric methane emissions, and reduces AstraZeneca’s Scope 1 emissions. Transparency in GHG emissions accounting is critical.
Takeaways From Panel Discussion at Sustainability Summit
3BL Media
JULY 26, 2022
The Greenhouse Gas Protocol (GHG Protocol) offers companies different levels of commitments to advance their sustainability journey. ESG Research at Credit Suisse, as part of the Semicon West Sustainability Summit, within Applied CEO Gary Dickerson’s keynote session.
Chevron 2021 Corporate Sustainability Report: Performance Data
3BL Media
MAY 26, 2022
Chevron uses the World Resources Institute/World Business Council for Sustainable Development Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard (2015) definition of three “scopes” to report GHG emissions. enhancing our reporting.
The US SEC Proposes Landmark Climate-Related Disclosures
3BL Media
MAY 23, 2022
The proposed disclosures share many of the same features as the widely accepted disclosure frameworks, including the TCFD and the Greenhouse Gas Protocol and investors would be provided with the necessary information, via the GHG emissions disclosures proposals to look at a registrant’s climate-related and transition risks.
The Era of Compliance: The Changing Landscape of ESG Reporting
3BL Media
JULY 12, 2023
Topics under consideration include climate-related risks and material impacts; climate-related risks and management processes; greenhouse gas (GHG) emissions which could be subject to assurance; climate-related financial statement metrics; and information about climate-related targets, goals, and corresponding transition plans.
Enabling a Sustainable Chip Industry Requires a Long-Term Vision and Near-Term Actions
3BL Media
JULY 21, 2022
Early in 2022, we assessed the 15 categories defined by the Greenhouse Gas Protocol to identify and inventory the primary sources of our Scope 3 emissions for our semiconductor products.
Biogas trade bodies and companies call for an urgent rethink on GHG Protocol guidance for corporate biomethane use reporting
Envirotec Magazine
FEBRUARY 7, 2023
Over 50 biogas and biomethane trade associations and companies from around the world have written to the World Resources Institute (WRI), administrator of the Greenhouse Gas Protocol , 1 calling for a rethink of its position on the use of biomethane certificates for greenhouse gas reporting by corporate gas users.
Chocolate Ice Cream and the Nuances of Scope 3 GHG Accounting
3BL Media
AUGUST 3, 2023
The Greenhouse Gas Protocol Land Sector and Removals Guidance is the go-to guide for companies that want to calculate their land-related GHG emissions using primary data. The best way to track emissions relating to a certain type of land-use change is by collecting primary data from strategic suppliers.
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Yum China Releases First TCFD Report, Advancing its Commitment to Climate Action
3BL Media
JULY 26, 2022
Metrics and Targets – Yum China has developed a GHG emissions inventory across the entire value chain including upstream, downstream, and own operations, in accordance with the latest Greenhouse Gas Protocol. The Company uses the GHG emissions inventory as the basis to develop GHG emissions reduction targets.
ESG Practitioners Detail Top Reporting Challenges and Opportunities
3BL Media
JUNE 22, 2022
Those surveyed, who hold a range of positions from C-suite, VP, Director and Manager to individual contributors at these organizations stated that two of the biggest challenges regarding ESG reporting are calculating greenhouse gas protocols to measure scope 1, 2 and 3 emissions and achieving investor- grade carbon disclosures.
Duke Energy Expands Clean Energy Action Plan
3BL Media
FEBRUARY 10, 2022
Scope 1, 2 and 3 emissions are based on the Greenhouse Gas Protocol. Duke Energy will be transparent about its progress and what it can achieve. The company will share more details during its ESG Investor Day later this year.
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New platform aims to enhance energy accountability
Sustainability Matters
JANUARY 18, 2024
Quintrace users can access hourly carbon calculations in accordance with the Greenhouse Gas Protocol, as well as emerging standards like EnergyTag. Additionally, users can record and manage Energy Attribute Certificates, which encompass Renewable Energy Certificates (RECs) and Guarantees of Origin (GOs).
Mondel?z 2022 Snacking Made Right Report: Our Carbon Footprint
3BL Media
AUGUST 14, 2023
Mondelēz 2022 Snacking Made Right Report Assessing Our Carbon Footprint We take a thorough approach following the internationally recognized Greenhouse Gas Protocol (GHG Protocol) Standards to calculate, annually, our total carbon footprint across our end-to- end supply chain, covering Scopes 1, 2, and 3.
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Northwestern Mutual Sustainability and Social Impact: Reducing Our Environmental Impact
3BL Media
MAY 2, 2024
This includes accounting for our scope 1 and 2 greenhouse gas emissions consistent with Greenhouse Gas Protocol guidelines.
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Guest Post: You Heard Scope 3 Emissions Tracking is Optional – Here’s Why That’s Totally Wrong
ESG Today
OCTOBER 26, 2022
Scope 3 emissions tracking – which has been around for 11 years already and is the only internationally accepted method for companies to account for value chain and supply chain emissions – is still listed as an optional reporting standard by the Greenhouse Gas Protocol (GHGP).
How Biofuels Can Support Your Carbon Management Strategy
3BL Media
NOVEMBER 8, 2022
The Greenhouse Gas Protocol (and other reporting mechanisms, such as CDP Climate Change) allows for part of the scope 1 emissions associated with the combustion of biogenic sources (i.e., This certifies that only one entity is taking credit for the environmental benefit, and the benefit isn’t being double counted.
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VCM Code of Practice Launches, with Google, Unilever and Hitachi on Board
Chris Hall
JUNE 7, 2022
The targets used are those of the Greenhouse Gas Protocol, the international emissions accounting tool which separates emissions into Scopes 1, 2 and 3, ranging from direct emissions from owned sources through to indirect emissions throughout a company’s value chain. .
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Net Zero Methodology: Yes It Is Complicated, but Worth Doing Thoroughly
3BL Media
MAY 3, 2022
GHG emissions from the use of our sold products are calculated based on the Greenhouse Gas Protocol Technical Guidance for calculating Scope 3 Emissions (version 1.0) Potential initiatives could include further improving the energy efficiency or continuing to reduce the overall energy consumption of our products. methodology.
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Brookfield, NGO Disagree on Scope 3 Reporting
Chris Hall
DECEMBER 19, 2023
Financed emissions are the greenhouse gas emissions linked to the investment, and lending activities of financial institutions. Financed emissions are part of Scope 3 emissions under the Greenhouse Gas Protocol, which provides standards and tools that help entities track progress toward climate goals.
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