WASHINGTON DC (March 21, 2023) – Today the Earth Fund announced its award of $9.25 million to Greenhouse Gas Protocol, which is co-convened by World Resources Institute and the World Business Council for Sustainable Development. The partnership will allow GHG Protocol to update and clarify existing standards, develop new guidance, improve efficiency, and provide additional technical services to companies. This work will support GHG Protocol users’ implementation of greenhouse gas emissions accounting and reporting standards.
In November 2022, GHG Protocol launched a set of surveys on its Corporate Accounting Reporting Standard, Scope 2 Guidance, and Scope 3 Standard and Scope 3 Calculation Guidance to better understand users’ challenges with implementing the standards. The global stakeholder survey process will inform future revisions to existing standards or development of additional guidance and sets the stage for the next two years of GHG Protocol’s work. By soliciting feedback from users on pain points, as well as users’ suggestions for revisions, GHG Protocol is working to better serve practitioners on the ground.
“The global demand for greenhouse gas accounting and disclosure is skyrocketing and must be scaled and modernized to deliver needed standards, tools and training,” said Dr. Andrew Steer, President and CEO of the Bezos Earth Fund. “Trust in these systems is paramount and this investment in two critical corporate climate and accountability disclosure initiatives will help enable companies to take urgent climate action.”
“For over twenty years, GHG Protocol has played a foundational role in the greenhouse gas emissions and accounting ecosystem. Its standards have come to underpin virtually every corporate GHG reporting program,” said Ani Dasgupta, President & CEO of World Resources Institute. “This generous award from the Earth Fund comes at a critical inflection point as the GHG Protocol updates its standards and guidance, supports the eco-system that is based on it, and significantly ramps up support to thousands of businesses looking to make credible progress on climate commitments. Without a common set of definitions and measurements, it will be impossible to make sustained progress in critical emission reduction goals.”
Dominic Waughray, Executive Vice President at the World Business Council for Sustainable Development, said, “Business plays a critical role in accelerating decarbonization. High integrity standards which are aligned with the latest climate science and reflect user needs are key to enabling targeted action and measurement of progress, hence creating accountability, We are delighted to be continuing our collaboration with WRI on this next phase of the Greenhouse Gas Protocol, building on the strong foundations we have already created together.”
This funding will be pivotal to expanding GHG Protocol’s capacity as interest in GHG emissions accounting grows from voluntary to regulatory programs, said Pankaj Bhatia, Director of GHG Protocol. “GHG Protocol has provided comprehensive standards and tools for businesses, cities, and governments to credibly measure their GHG emissions and track progress toward their climate targets, and we are seeing an exponential increase in demand for support in this field.” he said. “This investment will allow us to continue to further strengthen our vital role for years to come.”
Sarah Huckins, Communications Manager, Greenhouse Gas Protocol
About the Bezos Earth Fund
The Bezos Earth Fund is Jeff Bezos's $10 billion commitment to fund scientists, activists, NGOs, and other actors that will drive climate and nature solutions. By allocating funds creatively, wisely, and boldly, the Bezos Earth Fund has the potential for transformative influence in this decisive decade. Funds will be fully allocated by 2030 — the date by which the United Nations' Sustainable Development Goals must be achieved.
About Greenhouse Gas Protocol
Greenhouse Gas Protocol is the world’s leading authority and international standard setter on corporate greenhouse gas (GHG) emissions accounting. Building on a 20-year partnership between World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD), GHG Protocol works with governments, industry associations, NGOs, businesses and other organizations. GHG Protocol also provides standards, tools and online training to help countries and cities track progress towards their climate goals.
About World Resources Institute
Founded in 1982, World Resources Institute (WRI) is an independent, nonprofit global research organization that turns big ideas into action at the nexus of environment, economic opportunity, and human well-being. We are working to address seven critical challenges that the world must overcome this decade to secure a sustainable future for people and the planet: climate change, energy, food, forests, water, sustainable cities, and the ocean. WRI has a global staff of over 1,800 people with work spanning 60 countries. We have offices in Africa, Brazil, China, Europe, India, Indonesia, Mexico, Colombia and the United States, as well as a growing presence in other countries and regions.
About World Business Council for Sustainable Development
The World Business Council for Sustainable Development (WBCSD) is a CEO-led, global coalition of some 200 companies advocating for progress on sustainable development. Its mission is to be a catalyst for innovation and sustainable growth in a world where resources are increasingly limited. The Council provides a platform for companies to share experiences and best practices on sustainable development issues and advocate for their implementation, working with governments, non-governmental and intergovernmental organizations. The membership has annual revenues of USD 7 trillion, spans more than 35 countries and represents 20 major industrial sectors. The Council also benefits from a network of 60 national and regional business councils and partner organizations, a majority of which are based in developing countries.