On January 20, the GHG Protocol released the Scope 2 Guidance: an amendment to the Corporate Standard. It is the first major revision to the Corporate Standard in over 11 years. To help companies start implementing the Guidance, here are a few answers to the top ten questions you might have and where to find more information in the Guidance document.
Because the value of fossil fuel companies is based on the size of their reserves, it may seem counter-intuitive to see some of these assets as potential risks. But changes in market or economic conditions can make some reserves too expensive to tap, leaving them stranded – and their owners more vulnerable than the size of their reserves would indicate.