The ISO Show #180 Carbon Reporting – To Verify or Not To Verify
There is a growing pressure on businesses to address their environmental impact, both from the Government as well as a more sustainably minded consumer base.
As a result, the need to carry out Greenhouse Gas (GHG) emissions reporting is being introduced as a mandatory requirement for tenders, and Government led initiatives such as Streamlined Energy and Carbon Reporting (SECR).
Today Mel Blackmore will discuss Greenhouse Gas (GHG) emissions reporting, and how verifying GHG Statements in alignment with ISO 14064-1 can benefit your business.
You’ll learn
· Why is there a growing need to report on GHG emissions?
· What is the difference between certification and verification?
· What is ISO 14064-1?
· What are the benefits of ISO 14064-1?
Resources
In this episode, we talk about:
[00:30] Join the isologyhub – To get access to a suite of ISO related tools, training and templates. Simply head on over to isologyhub.com to either sign-up or book a demo.
[02:05] Episode summary: Mel will be discussing GHG emissions reporting, and why verifying your businesses GHG Statements in alignment with ISO 14064-1 is a smart move.
[02:30] What’s the difference between Certification and Verification? – We covered this in detail on a previous episode, go back and listen to episode 162
[02:40] Why is there a growing need to address GHG emissions? – Climate change is a top concern for many. Consumers, investors and governments across the globe are all demanding greater transparency and accountability from businesses regarding their environmental impact. In particular, the carbon footprint a business claims to have.
[03:25] What is ISO 14064-1? – ISO 14064-1 is in internationally recognised Standard for quantification of Greenhouse Gas (GHG) emissions and removals at the organisational level.
In simple terms, this is the go-to Standard for businesses looking to calculate, verify and publish its carbon emissions.
[03:40] Benefit #1: Making compliance and reporting easier – Now, it’s important to note that the first time you go through this process will be like pulling teeth. You will need to do a fair bit of work initially, but once that’s set-up, it will make the necessary annual reporting a much easier process.
ISO 14064-1 verification ensures you are complying with applicable regulations such as SECR and the Governments requirement for a PPN 06/21 (within the UK).
If you are based in the UK, there is now Public Sector tendering requirement to identify what your carbon footprint is and make recommendations for reductions in the form of a Carbon Reduction Plan (CRP).
It can also help to streamline initiatives like the CDP (Carbon Disclosure Project) or EcoVardis.
[05:40] Benefit #2: Taking a deeper look at your emissions footprint – Verification is not simply just ticking a box, it’s about providing a clear picture of your organisations’ total GHG emissions.
Not just your CO2 emissions, ISO 14064-1 ensure you account for different types of emissions sources. This granular understanding will be crucial in identifying areas for improvement and developing an effective reduction strategy.
[06:25] Benefit #3: Providing Trust and Transparency – Having your report verified by am independent third-party adds a layer of credibility to your GHG reporting.
Anyone can just say their carbon emissions are X, but it’s another to have that backed up by a third-party. They can ensure your claims are true, correct and that there is a credible methodology behind it.
Stakeholders such as investors, consumers and regulators will then have the confidence that your emissions data is accurate and transparent.
Carbonology can assist you with the training resources needed to do this – so check out their website to learn more.
[07:30] Benefit #4: Pave a way for Carbon Reduction Strategies – We mentioned earlier about the requirement for a PPN 06/21, this requires a Carbon Reduction Plan (CRP).
Whether you create one based on a mandatory requirement or not, having a CRP is a no brainer for any business.
It helps you to understand your emissions, which is the first step towards reducing them. ISO 14064-1 verification lays the ground work for developing and implementing an effective CRP.
This can translate into significant cost savings and a competitive edge in the long run.
[08:30] Benefit #5: Embrace Mitigation – The verification goes beyond just cutting emissions. It supports mitigation actions like carbon removal projects, allowing you to demonstrate a holistic approach to tackling climate change year on year.
[08:50] Benefit #6: It’s a global Standard – ISO 14064-1 was created by over 140 representatives from over 50 countries globally to define exactly what greenhouse gas emission verification should look like.
While there are lots of other ways to achieve Net Zero, it makes more sense to choose an established route that will be recognised as best practice globally.
[10:25] Benefit #7: Tracking your progress – Verifying your GHG statements allows you to track progress over time.
This data is invaluable for communicating your achievements both internally and externally to key stakeholders about your drive towards net zero goals. It also helps to showcase your commitment to sustainability.
[11:00] Benefit #8: Participation in sustainability initiatives – Verification opens doors to participating in voluntary GHG registries and sustainability reporting initiatives.
This in turn will help to broaden your visibility as an organisation, amongst the environmentally conscious stakeholders that will be looking for credible sustainable businesses to work with or buy from.
[11:45] ISO 14064 is a no-brainer – It offers a significant strategic advantage and can help to demonstrate transparency with GHG reporting – something very sought after in the midst of a lot of green washing claims.
If you’d like assistance with ISO 14064-1, visit Carbonology’s website and get in contact, they’d be happy to help.
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