New Standards for Greenhouse Gas Emissions

In response to growing demand for greenhouse gas (GHG) information across a company’s or product’s value chain, the Greenhouse Gas Protocol (GHGP)—an international accounting framework for GHG standards worldwide—has launched two new standards.

Both provide requirements and guidance for companies and other organizations to prepare and publicly report a GHG emissions inventory. The first, called Scope 3, addresses indirect GHG emissions resulting from value chain activities such as a product’s transportation miles. The second, called the Product Standard, focuses on GHG emissions and removals generated during a specific product’s life cycle (rather than avoided emissions or actions taken to mitigate released emissions).

The new standards are intended to help companies reduce GHG emissions based on the products, goods, or services they design, manufacture, sell, purchase, or use. For more information, see www.ghgprotocol.org.

– Rachel Navaro