CDP reporting unlocks a myriad of benefits for companies embarking on their sustainability journey. From enhancing sustainability performance to managing risks, attracting investors, improving reputation, and fostering collaboration, CDP empowers organizations of all sizes and industries to navigate the complexities of climate change and contribute to a more sustainable future. By embracing CDP reporting, businesses demonstrate their commitment to environmental stewardship and position themselves as leaders in a world where sustainability is paramount.
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Science-Based Targets Initiative (SBTi)
The Science-Based Targets initiative (SBTi) is a collaborative effort between CDP, the United Nations Global Compact, World Resources Institute (WRI), and the World Wide Fund for Nature (WWF) that aims to empower organizations in the private sector to set science-based emissions reduction targets. By providing companies with a clearly-defined path aligned with the goals of the Paris Agreement, science-based targets enable businesses to contribute to the fight against climate change. With over 4,000 businesses already engaged in the initiative, the SBTi plays a critical role in accelerating climate action worldwide.
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The GHG Protocol Corporate Accounting and Reporting Standard
The GHG Protocol Corporate Accounting and Reporting Standard (the GHG Protocol) is a widely recognized framework for companies to measure and manage their greenhouse gas (GHG) emissions. It was developed by the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD), and it provides a consistent and transparent method for companies to quantify and report their GHG emissions, as well as to identify opportunities to reduce those emissions.
ISO 14064-1 Standard
ISO 14064-1 Standard is part of a series of ISO 14064 standards that focus on GHG management and accounting. The standard provides a comprehensive framework for organizations to quantify, monitor, report, and verify their greenhouse gas emissions and removals. By following the guidance provided in the standard, organizations can more accurately measure their GHG footprint, identify opportunities for emissions reductions, and contribute to global efforts to address climate change.
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GHG Protocol Standards Update Process
GHG Protocol, a leading authority on greenhouse gas (GHG) accounting, is currently in the process of updating its corporate standards and guidance. These updates aim to provide businesses with an effective and credible accounting foundation to measure, plan, and track progress toward science-based and net-zero targets. In this article, we address some frequently asked questions about the GHG Protocol standards update process.
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