This blog is like a roadmap that guides a company on how to collect and handle data for their greenhouse gas (GHG) inventory. It’s not just about gathering the data but also making sure it’s good quality and following specific rules. This plan helps from the very beginning of collecting data all the way to …
Imagine you’re trying to figure out how much your company is affecting the environment by looking at all the things you buy, use, and produce. This is what we call a “scope 3 inventory.” But, there’s a problem. It’s not always easy to be 100% certain about these measurements. There are lots of things that …
. Many companies either rent or lease things like buildings or vehicles to other companies, or they rent things from other companies. When it comes to tracking and reporting the emissions produced by these rented or leased assets, it can be a bit complex. Here’s what you need to consider: Based on these factors, you’ll …
. A trustworthy report on greenhouse gas emissions should follow some important rules: Required information When companies report their greenhouse gas emissions, they need to share specific information with the public. Here’s what they should include: . Optional information A public report on greenhouse gas emissions should not only cover the basic information but also …
Assurance is the level of confidence that the inventory is complete, accurate, consistent, transparent, relevant, and without material misstatements. While assurance is not a requirement of this standard, obtaining assurance over the scope 3 inventory is valuable for reporting companies and other stakeholders when making decisions using the inventory results. . Benefits of assurance To …
. Recalculating base year emissions When a company wants to track its emissions over time, they need to calculate a base year to use as a reference point. This base year helps them see if their emissions are increasing or decreasing. However, if the company undergoes significant changes, like mergers, using new methods, or adding …
Setting a GHG Reduction Target and Tracking Emissions Over Time (Part 2) Read More »
. Greenhouse gas accounting and reporting is like keeping track of how much pollution a company creates and then telling others about it. It helps companies show how they’re doing in terms of reducing their pollution over time. They might do this for different reasons, such as trying to meet pollution reduction targets, dealing with …
Setting a GHG Reduction Target and Tracking Emissions Over Time (Part 1) Read More »
. Examples of allocating emissions 1. Physical Allocation: 2. Transportation: 3. Commercial Buildings: 4. Using Economic Allocation:
Allocation is a process that companies use to divide or share the greenhouse gas emissions (GHG) produced by a single facility or system among the different products or outputs it generates. It’s like distributing the responsibility for emissions among various things the facility produces. Companies need to do this allocation when: When allocation is not …
Guidance for selecting data Data Types for Calculating Scope 3 Emissions: Companies use two main types of data for scope 3 emissions: primary data and secondary data. Primary Data: Secondary Data: Choosing Data Based on Business Goals and Significance: Data Quality Indicators: Challenges for Scope 3 Data: Data Management Plan: Guidance for collecting primary data …