Description
There is a growing pressure on businesses to address their environmental impact, both from the Government as well as a more sustainably minded consumer base.
As a result, the need to carry out Greenhouse Gas (GHG) emissions reporting is being introduced as a mandatory requirement for tenders, and Government led initiatives such as Streamlined Energy and Carbon Reporting (SECR).
Today Mel Blackmore will discuss Greenhouse Gas (GHG) emissions reporting, and how verifying GHG Statements in alignment with ISO 14064-1 can benefit your business.
You’ll learn
· Why is there a growing need to report on GHG emissions?
· What is the difference between certification and verification?
· What is ISO 14064-1?
· What are the benefits of ISO 14064-1?
Resources
· Carbonologyhub
In this episode, we talk about:
[00:30] Join the isologyhub – To get access to a suite of ISO related tools, training and templates. Simply head on over to isologyhub.com to either sign-up or book a demo.
[02:05] Episode summary: Mel will be discussing GHG emissions reporting, and why verifying your businesses GHG Statements in alignment with ISO 14064-1 is a smart move.
[02:30] What’s the difference between Certification and Verification? – We covered this in detail on a previous episode, go back and listen to episode 162
[02:40] Why is there a growing need to address GHG emissions? – Climate change is a top concern for many. Consumers, investors and governments across the globe are all demanding greater transparency and accountability from businesses regarding their environmental impact. In particular, the carbon footprint a business claims to have.
[03:25] What is ISO 14064-1? – ISO 14064-1 is in internationally recognised Standard for quantification of Greenhouse Gas (GHG) emissions and removals at the organisational level.
In simple terms, this is the go-to Standard for businesses looking to calculate, verify and publish its carbon emissions.
[03:40] Benefit #1: Making compliance and reporting easier – Now, it’s important to note that the first time you go through this process will be like pulling teeth. You will need to do a fair bit of work initially, but once that’s set-up, it will make the necessary annual reporting a much easier process.
ISO 14064-1 verification ensures you are complying with applicable regulations such as SECR and the Governments requirement for a PPN 06/21 (within the UK).
If you are based in the UK, there is now Public Sector tendering requirement to identify what your carbon footprint is and make recommendations for reductions in the form of a Carbon Reduction Plan (CRP).
It can also help to streamline initiatives like the CDP (Carbon Disclosure Project) or EcoVardis.
[05:40] Benefit #2: Taking a deeper look at your emissions footprint – Verification is not simply just ticking a box, it’s about providing a clear picture of your organisations’ total GHG emissions.
Not just your CO2 emissions, ISO 14064-1 ensure you account for different types of emissions sources. This granular understanding will be crucial in identifying areas for improvement and developing an effective reduction strategy.
[06:25] Benefit #3: Providing Trust and Transparency – Having your report verified by am independent third-party adds a layer of credibility to your GHG reporting.
Anyone can just say their carbon emissions are X, but it’s another to have that backed up by a third-party. They can ensure your claims are true, correct and that there is a credible methodology behind it.
Stakeholders such as investors, consumers and regulators will then have the confidence that your emissions data is accurate and transparent.
Carbonology can assist you with the training resources needed to do this – so check out their website to learn more.
[07:30] Benefit #4: Pave a way for Carbon Reduction Strategies – We
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