A Corporate Accounting and Reporting Standard

Training Curriculum

A Corporate Accounting and Reporting Standard

A Corporate Accounting and Reporting Standard

What is the Greenhouse Gas Protocol?

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• Launched in 1998 by

The Greenhouse Gas Protocol (GHGP)

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• Multi-stakeholder partnership of businesses, NGOs, governments and others

• Mission: to develop internationally accepted greenhouse gas (GHG) accounting and reporting standards for business and to promote their broad adoption

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Available Standards

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Available Guidance

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Focus of this training

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GHGP adopted by 60%+ of Fortune 500 companies

Reporting - Common practice in Leading Companies

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A Corporate Accounting and Reporting Standard

L e s s o n 1

Introduction

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2. GHG Accounting and Reporting Principles

3. Setting Organizational Boundaries

4. Setting Operational Boundaries

Corporate Standard: Lesson Modules

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5. Tracking Emissions Over Time

6. Identifying and Calculating Emissions

7. Reporting GHG Emissions

8. Review

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In this lesson, you will learn:

• How and why the GHG Protocol Corporate Standard was developed

• What the Standard should (and should not) be used for

Learning Objectives

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• How a GHG inventory can bring value to a business

• How the Standard interacts with GHG programs

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• Provides standards and guidance for companies and other organizations to prepare GHG emissions inventories

• Widespread adoption of standard:

– Several year, multi-stakeholder development process

GHGP Corporate Standard

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– Several year, multi-stakeholder development process

– Robust, practical and built on practitioner expertise

• Covers accounting and reporting of 6 GHGs:Carbon dioxide (CO2) Hydrofluorocarbons (HFCs)

Methane (CH4) Perfluorocarbons (PFCs)

Nitrous oxide (N2O) Sulphur hexafluoride (SF6)

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• To help companies prepare a true, fair account of emissions

• To simplify and reduce the costs of compiling an inventory

• To assist businesses in managing and reducing emissions

Objectives of the Standard

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• To assist businesses in managing and reducing emissions

• To facilitate participation in GHG programs

• To increase consistency and transparency in GHG accounting and reporting

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• Businesses developing GHG inventories (primary users)

• Other organizations developing inventories– Non-governmental organizations (NGOs)

– Government agencies (consult Public Sector Protocol)

Who should use this standard?

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– Government agencies (consult Public Sector Protocol)

– Universities

• Organizations designing voluntary GHG accounting and reporting programs

• Policymakers or regulators designing GHG reporting rules

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• Quantifying reductions from GHG mitigation projects (offsets)– Consult the GHG Protocol guidance for Project Accounting

Standard NOT for

A Corporate Accounting and Reporting Standard

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• Accounting for life-cycle emissions from products– Consult GHG Protocol Product Life Cycle Standard

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• Management of GHG risks and identification of reduction opportunities

• Public reporting and participation in voluntary GHG programs

Business Value of a GHG Inventory

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• Participation in mandatory GHG reporting programs and GHG markets

• Recognition for early voluntary action

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• Not a reporting program (does not collect inventories)

• Does not require verification

GHG Protocol’s Relationship to other GHG Programs

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• Not designed for a particular program or policy

• Foundation for, and compatible with, most programs

• If participating in a GHG program, check its requirements

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• The Corporate Standard provides standards and guidance for preparing GHG emissions inventories

• The Standard is primarily used by businesses; also used by other organizations and policymakers

Summary

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organizations and policymakers

• Emissions inventories bring value to business

• The Standard is compatible with many GHG programs and policies

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Further Reading

The Greenhouse Gas Protocol: A Corporate Accounting & Reporting Standard

A Corporate Accounting and Reporting Standard

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& Reporting Standard

Introduction