The GHG Protocol has for three years led international consultations on how companies should calculate emissions from purchased and consumed electricity, heat, steam and cooling (scope 2).

UNEP FI and GHG Protocol invite interested stakeholders to participate in a technical working group for the development of a financial sector GHG accounting guidance and carbon asset risk guidance. Please see the Terms of Reference for details about the Technical Working Group process and a link to Survey Monkey where you can express your interest in participation.

The Scope 2 Accounting Guidance is entering its final stage of development. The document will clarify how to account for and report GHG emissions from electricity purchase and use. It will also address the role of utility emission factors, power purchase agreements (PPAs), and tracking instruments such as renewable energy certificates (RECs) and Guarantees of Origin (GOs). A final public comment period for the Guidance will begin in September 2013 with final publication scheduled for January 2014. 

On July 10, WRI launched the Beta version o

The GHG Protocol has released an accounting amendment that requires NF3 to be included in GHG inventories under the Corporate Standard, Value Chain (Scope 3) Standard, and Product Standard.

GHG Protocol has released a second draft of its Agricultural Guidance for open comment. The Agricultural Guidance is an international supplement to the GHG Protocol Corporate Standard that aims to customize the latter to the agricultural sector, while addressing the unique challenges posed by the sector - accounting for reversible carbon stocks in soils and biomass, setting and tracking progress toward reduction targets against a background of highly variable emissions, quantifying emissions, etc.

WRI has released the first drafts of two new GHG Protocol mitigation accounting standards for review.

Last week the annual WBCSD council meeting took place in Seoul, South Korea. This meeting included a constructive session for the Greenhouse Gas Management Working Group. Three strategic priorities for the coming years were agreed upon: 1) Business leading in carbon management, 2) Promoting harmonization in reporting programs, and 3) WRI partnership and collaboration. The first strategic priority will focus on engagement with investors and on CFO and investor relations, as well as on sharing GHG management best practices.

At a May 29 launch event in Beijing, WRI introduced the GHG Emissions calculation tool for Chinese Coal-Fired Power Plants to an audience of about 100 participants. The tool will enable Chinese power companies to establish a GHG emission inventory of its operations and prepare for GHG emissions management and reduction.

The GHG Protocol aims to ensure wide and effective use of its standards and support companies in the completion of accurate, relevant, complete, consistent and transparent GHG inventories. But the landscape for GHG calculation and verification procedures has been evolving quickly, prompting the need for a public survey to help identify the calculation priorities of our users, along with their perspectives on GHG inventory verification and training in accounting.