Greenhouse Gas

 

Greenhouse gas accounting describes the way to inventory and audit greenhouse gas emissions. An assessment quantifies the total greenhouse gases produced from a business’ activities. The carbon footprint of an organization provides the basis for understanding and managing climate change impacts, while providing insight into an ever-important area of business activity.

 

Components of GHG accounting include mandatory reporting, shareholder and stakeholder communication, employee engagement, and further requirements for business and government contracts. Greenhouse gas emissions accounting is quickly becoming a standard activity for businesses across all sectors.

 

 

What the standard does

 

The protocol is meant to help companies prepare an inventory that represents an assessment of their emissions through a standardized approach. Proper implementation of the Greenhouse Gas protocol can help reduce the costs of compiling the inventory by providing a simplified framework from which to work from. It also helps businesses understand the impact their activities have which in turn leads to effective strategy building toward emissions reduction.

 

 

Why account for Greenhouse Gas?

 

GHG is a widely used accounting tool for business and governmental leaders. It assists in the understanding, management, and quantification of emissions and is at the forefront of progressive policy making. The GHG protocol is meant to work with businesses and governments to create credible and effective programs to deal with the effects of climate change. It also provides the framework for effective accounting adopted by leading global programs such as the International Standards Organization and individual companies of all sizes.