New standards for reporting greenhouse gas emissions

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13 Oct, 2011

The Greenhouse Gas Protocol (GHG Protocol), a partnership between the World Resources Institute and the World Business Council for Sustainable Development (WBCSD), has released two new standards which aim to allow businesses to better measure, manage, and report their greenhouse gas emissions.

The two new standards are:

  • The Corporate Value Chain Standard seeks to identify opportunities for companies to make more sustainable decisions about their activities and the products they produce, buy and sell
  • The Product Life Cycle Standard provides a tool to assist companies to measure the greenhouse gas emissions of an individual product, covering materials, manufacturing, use and disposal.

The measurement of greenhouse gas emissions is of importance in both sustainability and integrated reporting, and indirectly in accounting for any recognised liabilities under emissions trading and similar schemes.

Click for press release (link to WBCSD website).

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