ππππ & πππ ππ«π¨ππ¨ππ¨π₯ πππ«ππ§ππ« ππ¨ πππ₯π’π―ππ« ππ§π’ππ’ππ πππ ππππ§πππ«ππ¬
ISO and the Greenhouse Gas Protocol have announced a new strategic partnership to harmonize and coβdevelop standards for GHG accounting & reporting.
This is actually not the first time ISO and GHG-Protocol announced intentions to maintain alinement with one another. Previously in 2007, ISO and GHG Protocol announced an agreement to co-promote their respective standards (https://lnkd.in/dWZwA35b).
However, this new arrangement goes much further as both entities plan to combine their leading GHG standards into ππ¨-πππ―ππ₯π¨π©ππ, π‘ππ«π¦π¨π§π’π³ππ, ππ§π ππ¨-ππ«ππ§πππ π’π§πππ«π§πππ’π¨π§ππ₯ π¬πππ§πππ«ππ¬. (https://lnkd.in/dA23VGjr)
πππ² Takeaways:
β ISO & GHG Protocol will harmonize their existing GHG standards (e.g. ISO 1406X family + GHG Protocolβs Corporate, Scope 2, Scope 3 standards) into co-branded international standards.
β They will also co-develop new standards, including a product carbon footprint standard to give more granular emissions data across whole value chains.
β Until now, the two organizations had an agreement to co-promote their standards, but their standards remained separate in scope, verification, terminology, etc.
β The new partnership seeks to reduce fragmentation in the carbon accounting landscape, aligning terminology, measurement, reporting, verification practices.
β Outcome will be a coherent framework that supports companies, verifiers, auditors, regulators, investors, and policy makers with simplified, more consistent standards globally.
