Scope 1,2,3 Emissions Accounting

GHG Inventory Reports – ISO 14064 Standard

Sustainability begins with GHG Emissions

CEOs with vision are increasingly concerned about measuring, reporting, and reducing their company's carbon emissions.

Today, a well-designed and maintained organizational greenhouse gas management system is among the most important corporate assets.

GHG Inventory Report ISO 14064

WHY?

Organizations that communicate strong sustainability performance enjoy a range of benefits, such as positioning advantages, customer loyalty, more enduring revenue streams, and less employee turnover.

However, recent regulatory changes at national and global levels have intensified the need for implementing comprehensive GHG accounting and reporting practices within organizations.

  • Carbon Border Adjustment Mechanism (CBAM)

  • Carbon pricing framework development (Carbon Tax)

  • Sustainability-related Disclosures (GRI, SASB, TCDF, etc.)

  • Requirements from supply chain members (Carbon Footprint)

  • Investors increasingly consider ESG factors (Social License to Operate)

Sustainable Scenario is a consulting firm assisting business and government organizations in quantifying, reporting, and auditing greenhouse gas (GHG) emissions by ISO 14064 and the GHG Protocol Standards. We develop emissions mitigation strategies and integrate GHG information into corporate sustainability reports. Additionally, we provide employee training on ESG topics.

Sustainable Scenario -
Credible GHG Management System that leads to Confidence in Disclosure

Our Mission:

At Sustainable Scenario, we believe in going beyond providing just a solution. We want to empower your organization with the knowledge and resources for continuous sustainable development.

We build sustainable Carbon Management Systems and credible GHG Inventories

Our collaboration begins with an awareness-building session with executive-level managers. We introduce GHG accounting and reporting principles and secure C-level support for building an entity’s GHG Inventory. During the initial stage of consultations, the key employees that are involved in GHG Management are defined, and a GHG team is formed.

Once the team is formed, we work on organizational and operational boundaries. Firstly, we define what entities are included in the GHG management system according to the GHG Protocol/ISO14064-1 consolidation approaches. Then, we analyze business processes to identify sources of emissions. Based on the analysis, the operational boundaries of the GHG Management System and the Base year are set.

Good quality GHG Inventories rely on the presence of complete, accurate, and reliable activity data (AD). Thus, we assist in building an internal GHG Information Management System (GHG IMS) that allows organizations to collect and retain activity data. This is a foundation of GHG Management Quality Control.

Based on the activity data and relevant emission factors (EF) we quantify the organization’s GHG emissions from Scope 1 and Scope 2 and the most significant Scope 3 GHG emissions sources and sinks.

We produce a GHG Inventory report, according to ISO 14064-1:2018 and/or the GHG Protocol Standard, that is relevant, complete, consistent, transparent, and accurate. Our GHG Inventory reports are prepared to be ready for third-party verification and audit. So you could confidently present it to intended users.

Leveraging our expertise in the sustainability domain, we provide valuable guidance on the most effective and efficient Environmental, Social, and Governance (ESG) strategies that transform sustainable development into a profitable investment

Sustainability (ESG) Journey

Start with GHG Inventory

A well-designed and maintained corporate GHG Management System serves as the crucial first step in an organization’s sustainability journey, providing the foundation for various strategies and initiatives. Therefore, it is crucial to attribute organizational emissions correctly.

Extend and Connect with ESG

GHG Management opens opportunities to build the company’s Environmental, Social, and Governance (ESG) Strategy with such sustainability initiatives as energy, waste, and water management (E), employee training (S), corporate policies, and managerial practices (G).

Confidently Communicate!

With GHG management at the foundation, corporate Sustainability Reports are credible and accurate. It is the heart of the Company’s ESG strategy. And, GHG emissions are usually the only element of a sustainability report that is externally verified.

“At Zero Waste Earth Store we are incredibly grateful for the exceptional GHG reporting services provided by Sustainable Scenario. Their expertise and dedication played a crucial role in the promotion of our successful recycling campaign. Their accurate measurement and reporting of greenhouse gas emissions allowed us to showcase the significant environmental impact of our recycling efforts. Professionalism, attention to detail, and commitment to sustainability made Sustainable Scenario an invaluable partner in our mission. I highly recommend their services to any organization seeking to make a positive environmental difference. Thank you, Sustainable Scenario, for your outstanding support!”

Jaclynnd Wong Yin Thing

Zero Waste Earth Store

Your questions,
answered

What is Sustainability?

Sustainability involves making decisions and taking actions that balance environmental, social, and economic factors to ensure long-term well-being for both people and the planet. In other words, it is business practices when environmental and social impact is considered together with profit.

How GHG emissions related to ESG?

GHG emissions are closely linked to Environmental, Social, and Governance (ESG) considerations.
E: Emissions of greenhouse gases contribute to climate change, which has significant environmental and social implications.
S: Employee education on GHG practices and the creation of low carbon culture contribute to the social aspects.
G: Companies’ management of GHG emissions is a key aspect of their ESG performance, as it reflects their environmental impact and commitment to sustainability.

What is Carbon Neutrality?

Carbon neutrality is a balance between the amount of greenhouse gases emitted and the amount removed from the atmosphere. It is typically achieved by reducing emissions and offsetting the remaining emissions through actions like investing in renewable energy or supporting reforestation and other GHG projects (Carbon Credits).
In the case of the Net Zero scenario, organizations strive to reduce emissions as much as possible and offset what is impossible to reduce without interfering with the business. The goal is to achieve a complete carbon-free state.

How long it takes to implement GHG Management?

The process can take a month to a few years, depending on factors such as the size and complexity of the organization, its existing processes and systems, available resources, and the level of commitment to sustainability.

What is GHG Inventory?

GHG inventory is a systematic assessment and quantification of greenhouse gas emissions and removals associated with an organization’s activities, e.g., energy use, transportation, waste management, and others.

GHG inventory typically covers the main greenhouse gases, including carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), and fluorinated gases.

The inventory may be categorized into different scopes:

  • Scope 1: Direct emissions from sources that are owned or controlled by the organization, such as on-site combustion of fossil fuels or industrial processes.
  • Scope 2: Indirect emissions resulting from the generation of purchased electricity, heat, or steam consumed by the organization.
  • Scope 3: Indirect emissions from sources outside the organization’s direct control, including supply chain activities, business travel, employee commuting, waste generation, and product use and disposal.

The GHG inventory provides a baseline for organizations to assess their environmental impact, identify emission hotspots, set reduction targets, track progress, and make informed decisions on mitigating climate change. It is a crucial tool for understanding and managing the carbon footprint of an organization and serves as a foundation for developing effective sustainability strategies and initiatives.

Why Scope 3 is important?

Scope 3 emissions provide a comprehensive view of an organization’s carbon footprint, enable supply chain collaboration, and align with stakeholder expectations.
Scope 3 emissions can be over 90% of an organization’s total emissions that occur in the value chain of an organization. It includes activities such as purchasing goods and services, transportation and distribution, waste disposal, and the use and end-of-life treatment of products.

We tailor GHG Management precisely to your company's unique contextual environment.

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