The Greenhouse Gas Protocol (GHG Protocol) is a multi-stakeholder partnership of businesses, non-governmental organizations (NGOs), governments, and others convened by the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD). Launched in 1998, the mission of the GHG Protocol is to develop internationally accepted greenhouse gas (GHG) accounting and reporting standards and tools, and to promote their adoption in order to achieve a low emissions economy worldwide.
Initially, companies focused only on their own direct emission reduction, coming from their own operations (scope 1) and their energy sources (scope 2). However, companies increasingly understand that they also have to take responsibility for the environmental impact that happens along their whole value chains, upstream and downstream, if they want to reduce their environmental impact to zero. In fact, statistics say that the most significant part of an organisation’s environmental impact originates from the value chain.
Therefore, the GHG Protocol created the Corporate Value Chain (Scope 3) Accounting and Reporting Standard. This guide is a deep dive into the specific requirements that need to be respected to set a solid foundation for measuring and reporting on your organisation’s scope 3 emissions.
I would only recommend this guide to those being interested deeply in this topic. For a more general overview about how to measure, manage and reduce scope 3 emission from the perspective of a procurement professional, I recommend the article ‘A practical guide to hitting your Scope 3 target with confidence’.
In case you would like to learn more about the basics of GHG reporting I would recommend the Webinar ‘Carbon Reporting Webinar’ by The Supply Chain Sustainability School. It covers the following topics:
• Why are we reporting on carbon?
• Where do GHG emissions come from?
• What is the global and the UK approach?
• What do we report?
• How should we report our carbon?
• Where do we get data from?
(Graphic by the GHG Protocol)