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.

WRI and ABPS (India) are holding a workshop in India on tracking greenhouse gas performance of mitigation actions and mitigation goals. The workshop will take place on March 7, 2012, in Delhi. The workshop will convene experts and stakeholders from governments, civil society, and the private sector to discuss issues, practices, and solutions related to the technical challenges of quantifying GHG reductions from mitigation actions and tracking national and sub-national performance toward GHG reduction goals.

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.

Close on the heels of a new GHG program in Brazil, the Indian industry launched a national-level GHG Inventorization Program in Delhi, India, on May 28, 2008. Under the program, corporations will measure and manage their GHG emissions based on internationally recognized standards and monitor their progress towards voluntary reduction goals. The India GHG Inventory Program is a partnership between the Confederation of Indian Industry (CII), the US EPA, and the World Resources Institute.

Agriculture and agriculture-linked land use change contribute almost 80% to Brazil’s national emissions. On September 25 in Sao Paulo, GHG Protocol held an inaugural workshop to engage key stakeholders in developing a set of new tools specific to Brazilian agriculture – a corporate GHG accounting standard and emission factors. The event featured a keynote address by Eduardo Assad, a director at Embrapa and formerly the Brazilian secretary for climate change.

The month of October saw the CD-release of the final version of the India program guide by the Indian Prime Minister’s Special Envoy on Climate Change, Mr Shyam Saran. In his remarks, Mr Saran emphasized the importance of businesses taking the initiative to deal with climate change and encouraged public-private partnerships. The guide provides guidance and examples to assist companies in accounting for, quantification and tracking of their greenhouse gas emissions using internationally accepted Greenhouse Gas Protocol Corporate Standard.

Following the launch of the Product Life Cycle and Corporate Value Chain Accounting and Reporting Standards in New York City, London, Beijing, and Tokyo, the GHG Protocol will be launching the standards in India on March 15, 2012. The event will be hosted by the World Resources Institute (WRI), World Business Council for Sustainable Development (WBCSD), and The Energy and Resources Institute (TERI). The launch event will take place in the morning and be followed by training workshops on the new standards in the afternoon.

Please join us October 25th for the first GHG Protocol Product Program Workshop. The workshop brings together product measurement, reporting, and labeling programs from around the world to: Learn how the GHG Protocol Product Standard can benefit established and developing GHG programs; Discuss ways of promoting consistency and harmonization between programs; Identify areas where the GHG Protocol can provide value and support; and Provide an opportunity for discussion and peer learning on the challenges and opportunities in program development and implementation.

On July 10, WRI launched the Beta version of its new Climate Analysis Indicators Tool, or CAIT 2.0.

As the country reflects on the anniversary of the fall of Lehman Brothers and the subsequent bailouts of major banks, pressure is mounting for financial institutions and companies to more fully disclose their investment risks, especially those risks from climate change.

Companies have repeatedly called for consistent and credible guidelines on how to account for the GHG emissions from agriculture within their corporate- or farm-level inventories. The GHG Protocol has just released a first draft of the ‘Agricultural Protocol’, aimed at providing exactly those guidelines. The Agricultural Protocol is a supplement to the Corporate Standard and new Scope 3 Standard, outlining how both producers and their supply chain partners (processors, food brand manufacturers, and food retailers, etc.) can measure the GHG impact of agricultural production.

We are excited by the release of the first draft of the Global Protocol for Community-Scale GHG Emissions (GPC) to help cities around the world measure and report greenhouse gas (GHG) emissions using a more consistent protocol.