A Corporate Accounting and Reporting...
Transcript of A Corporate Accounting and Reporting...
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A Corporate Accounting and Reporting Standard
Training Curriculum
A Corporate Accounting and Reporting Standard
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A Corporate Accounting and Reporting Standard
What is the Greenhouse Gas Protocol?
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• Launched in 1998 by
The Greenhouse Gas Protocol (GHGP)
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• Multi-stakeholder partnership of businesses, NGOs, governments and others
• Mission: to develop internationally accepted greenhouse gas (GHG) accounting and reporting standards for business and to promote their broad adoption
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Available Standards
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Available Guidance
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Focus of this training
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GHGP adopted by 60%+ of Fortune 500 companies
Reporting - Common practice in Leading Companies
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A Corporate Accounting and Reporting Standard
L e s s o n 1
Introduction
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2. GHG Accounting and Reporting Principles
3. Setting Organizational Boundaries
4. Setting Operational Boundaries
Corporate Standard: Lesson Modules
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5. Tracking Emissions Over Time
6. Identifying and Calculating Emissions
7. Reporting GHG Emissions
8. Review
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In this lesson, you will learn:
• How and why the GHG Protocol Corporate Standard was developed
• What the Standard should (and should not) be used for
Learning Objectives
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• How a GHG inventory can bring value to a business
• How the Standard interacts with GHG programs
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• Provides standards and guidance for companies and other organizations to prepare GHG emissions inventories
• Widespread adoption of standard:
– Several year, multi-stakeholder development process
GHGP Corporate Standard
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– Several year, multi-stakeholder development process
– Robust, practical and built on practitioner expertise
• Covers accounting and reporting of 6 GHGs:Carbon dioxide (CO2) Hydrofluorocarbons (HFCs)
Methane (CH4) Perfluorocarbons (PFCs)
Nitrous oxide (N2O) Sulphur hexafluoride (SF6)
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• To help companies prepare a true, fair account of emissions
• To simplify and reduce the costs of compiling an inventory
• To assist businesses in managing and reducing emissions
Objectives of the Standard
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• To assist businesses in managing and reducing emissions
• To facilitate participation in GHG programs
• To increase consistency and transparency in GHG accounting and reporting
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• Businesses developing GHG inventories (primary users)
• Other organizations developing inventories– Non-governmental organizations (NGOs)
– Government agencies (consult Public Sector Protocol)
Who should use this standard?
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– Government agencies (consult Public Sector Protocol)
– Universities
• Organizations designing voluntary GHG accounting and reporting programs
• Policymakers or regulators designing GHG reporting rules
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• Quantifying reductions from GHG mitigation projects (offsets)– Consult the GHG Protocol guidance for Project Accounting
Standard NOT for
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• Accounting for life-cycle emissions from products– Consult GHG Protocol Product Life Cycle Standard
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• Management of GHG risks and identification of reduction opportunities
• Public reporting and participation in voluntary GHG programs
Business Value of a GHG Inventory
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• Participation in mandatory GHG reporting programs and GHG markets
• Recognition for early voluntary action
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• Not a reporting program (does not collect inventories)
• Does not require verification
GHG Protocol’s Relationship to other GHG Programs
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• Not designed for a particular program or policy
• Foundation for, and compatible with, most programs
• If participating in a GHG program, check its requirements
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• The Corporate Standard provides standards and guidance for preparing GHG emissions inventories
• The Standard is primarily used by businesses; also used by other organizations and policymakers
Summary
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organizations and policymakers
• Emissions inventories bring value to business
• The Standard is compatible with many GHG programs and policies
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Further Reading
The Greenhouse Gas Protocol: A Corporate Accounting & Reporting Standard
A Corporate Accounting and Reporting Standard
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& Reporting Standard
Introduction