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3 Reasons Why Fossil Fuel Companies Should Disclose Their Reserves

Fossil fuel companies hold vast oil, gas and coal reserves that help determine their market value. These reserves are also the basis to understanding the potential climate risks of burning these fuels. Yet not a single fossil fuel company in the world discloses potential emissions from their reserves – and that is a big problem.

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Project Protocol

The Project Protocol provides specific principles, concepts, and methods for quantifying and reporting GHG reductions—i.e., the decreases in GHG emissions, or increases in removals and/or storage—from climate change mitigation projects (GHG projects).

Product Standard

For easy reading on your computer, notebook, tablet, or handheld device, click above to download the electronic version of the Product Standard. This version provides hyperlinks between the standards text, tables and images. Please note that the page numbers vary slightly between the original and electronic versions. When citing specific page numbers, please note when you are referring to the electronic version text.

Corporate Value Chain (Scope 3) Standard

For easy reading on your computer, notebook, tablet, or handheld device, click to download the electronic version of the Corporate Value Chain (Scope 3) Standard. This version provides hyperlinks between the standards text, tables and images. Please note that the page numbers vary slightly between the original and electronic versions. When citing specific page numbers, please note when you are referring to the electronic version text.

Corporate Standard

The standard covers the accounting and reporting of seven greenhouse gases covered by the Kyoto Protocol – carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs), sulphur hexafluoride (SF6) and nitrogen trifluoride (NF3). It was updated in 2015 with the Scope 2 Guidance, which allows companies to credibly measure and report emissions from purchased or acquired electricity, steam, heat, and cooling.

GLEC Framework: a universal method for logistics emissions accounting

This week, the Smart Freight Center released the GLEC Framework, a guide for shippers, carriers and logistics service providers on how to report emissions from logistics operations. It is meant to be used in conjunction with the Corporate Standard, and it has earned the “Built on GHG Protocol” mark for its compliance with GHG Protocol’s requirements.

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