Requirements-setting organizations the Worldwide Group for Standardization (ISO) and Greenhouse Gasoline Protocol (GHG Protocol) introduced the finalization of a brand new Joint Working Group (JWG) for the event of an up to date and harmonized product-level GHG accounting normal.
The formation of the brand new working group follows the launch final yr of a strategic partnership between ISO and GHG Protocol, geared toward unifying the worldwide requirements used for greenhouse gasoline emissions measurement and reporting. The organizations stated on the time that the partnership would look to handle the fragmentation of requirements and insurance policies as a barrier to local weather motion, by offering a harmonized international language for emissions accounting, simplifying processes for firms, rising consistency for policymakers, and customarily lowering measurement and reporting burdens.
Beneath the partnership ISO and GHG Protocol have agreed to harmonize their present portfolios of GHG requirements, and to work collectively to co-develop new requirements for carbon accounting. One of many partnership’s core priorities was the event of a joint product carbon footprint normal, to satisfy rising demand by firms for extra granular worth chain knowledge to assist information decarbonization selections.
In response to the organizations, the brand new product-level GHG accounting normal will construct on ISO and GHG Protocol’s present frameworks, sustaining continuity, whereas advancing towards a unified international methodology, with the intention to promote credible decarbonization methods, offering a instrument to reinforce market transparency, and allow implementation of mechanisms similar to Carbon Border Adjustment Mechanisms (CBAMs).
GHG stated that it acquired greater than 450 submissions for the brand new JWG, together with candidates from over 50 international locations and 410 organizations. Members of the finalized group embrace representatives from academia, authorities, accounting organizations and corporations together with Unilever, Amazon, SGS, Volkswagen, GE Vernova, WAP Sustainability, SAP, BMW Group, and others.
Amir Safaei, GHG Protocol’s Co-Convener of the Product Working Group stated:
“This Joint Working Group is a key pillar of the ISO and GHG Protocol partnership. We’re grateful for all those that have volunteered their time to take part within the nomination course of and help our shared objective of harmonization. We’re delighted concerning the work already underway and sit up for persevering with our engagement with all consultants on this area to make sure credible and implementable outcomes.”
