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Sustainability

 
 

Governments and businesses face significant changes from megatrends like population growth, urbanization, climate change and natural resource constraints. We help our clients understand and act on these issues so they can thrive in this changing world.

 
 

NAVIGATING THE GHG PROTOCOL SCOPE 2 GUIDANCE: Is your organization prepared?

February 04, 2016
 

 

In the white paper, Navigating the GHG Protocol Scope 2 Guidance: Is your organization prepared?, WSP’s Sustainability & Energy team addresses questions and concerns that organizations may face related to the new and revised Scope 2 reporting requirements, and helps organizations successfully compile, calculate and report on their GHG emissions inventories.

 

What is the GHG Protocol?

Since 2001, the Greenhouse Gas (GHG) Protocol Corporate Standard accounting tool has provided organizations with a global standard for compiling, calculating, and reporting GHG emissions inventories.

  • Developed by the World Resources Institute (WRI) and World Business Council on Sustainable Development (WBCSD), the GHG Protocol has become the most widely-used international accounting tool used by organizations to understand, quantify and manage their GHG emissions.

As of 2015, 85% of companies that report their emissions to the Carbon Disclosure Project (CDP) have adopted the Corporate Standard.

 

Why is there a new Scope 2 Guidance?

In early 2015, the GHG Protocol released its “Scope 2 Guidance: An amendment to the Corporate Standard,” the first major revision in over 11 years. The new guidance helps to advance consistency in the calculation and reporting of Scope 2 emissions, establishes minimum quality standards for Scope 2 contractual products, and provides additional best-practice quality criteria for products. Some of the revisions include:

  • Changes to quantification of GHG emissions using the location and market-based emission factor methodologies and GHG accounting for green power purchases
  • Addressing the questions and concerns that organizations have historically encountered when reporting Scope 2 emissions related to the purchase of electricity, steam, hot water and chilled water
  • Defining reporting requirements that have not previously been formalized in GHG Protocol documentation
  • Providing accounting guidance and minimum quality criteria for reporting Scope 2 emissions, as well as encouraging organizations to consider defining quality criteria for their electricity and green power purchases that go beyond minimum requirements

 

What do you need to do?

The Scope 2 Guidance is required reading for companies that follow the GHG Protocol Corporate Accounting and Reporting Standard.

Speak with one of WSP’s team of Sustainability & Energy experts today to help you navigate the new standards and evaluate your current processes.

 

Contact:

Douglas Webber
Douglas Webber Vice President Sustainability and Energy
+1 416 644-4925, 299