Corporate Greenhouse Gas Inventory
What is a Greenhouse Gas Footprint?
A Greenhouse Gas (GHG) footprint is a measure of the GHG emissions that an individual or company emits from his / its business-as-usual operation or activity. These emissions often transpire from activities that require combustion of fuel and electricity as well as use of paper. The following sources are generally considered for GHG calculation:
• Fuel for heating
• Fuel for power generation to offset electrical shortages
• Fuel for ground transport, such as corporate fleet of cars
• Fuel for air travel
• Consumption of paper products
• Refrigerant gases used
The main components of human induced GHGs are:
• Carbon dioxide (CO2), which is normally emitted from fossil fuel combustion from transportation and energy production.
• Methane (CH4), which is normally emitted from fermentation of organic waste, leakage of natural gas systems and livestock.
• Nitrous oxide (N2O), which is normally emitted from agriculture, fossil fuel combustion, industrial processes and wastewater management.
• Sulfur hexafluoride (SF6) perfluorinated carbons (PFCs), and hydrofluorocarbons (HFCs) which are normally emitted from industrial processes.
• Nitrogen trifluoride (NF3) is used in the electronics industry to substitute the PFCs (mostly C2F6) and SF6. In general it is used during the manufacturing of semi-conductors and Liquid Crystal Display (LCD) panels.
What is Greenhouse Gas Protocol Corporate Standard?
“The Greenhouse Gas Protocol (GHG Protocol) is the most widely used international accounting tool for government and business leaders to understand, quantify and manage greenhouse gas emissions. The GHG Protocol, a decade-long partnership between the World Resources Institute and the World Business Council for Sustainable Development, is working with businesses, governments, and environmental groups around the world to build a new generation of credible and effective programs for tackling climate change. It provides the accounting framework for nearly every GHG standard and program in the world – from the International Standards Organization to The Climate Registry – as well as hundreds of GHG inventories prepared by individual companies*.”
The GHG Protocol Corporate standard aims to harmonize GHG accounting and reporting standards internationally. It was built by more than 350 leading experts in the field of GHG from several sectors to ensure that trading schemes and climate related initiatives adopt consistent approaches to GHG accounting.
In 2006, Corporate Standard was used as the basis for its ISO 14064-I: Specification with Guidance at the Organization Level for Quantification and Reporting of Greenhouse Gas Emissions and Removals.
V4 Advisors DMCC is the first company in the Middle East and Africa to receive the GHG Protocol mark “Built on GHG Protocol” for adopting the Greenhouse Gas Protocol standards in its straightforward online environmental tools designed to give customers full control over their reporting and monitoring of their environmental footprint.
Why Quantify and Audit your GHG Footprint?
• Understand the operation from a GHG perspective
• Define the environmental strategy
• Business be in par with regional and multinational organizations
• Communicate with environmentally conscious customers
• Move a step forward to market products and services in green manner
• Helps businesses to export products to developed economies
• Benchmark the operation from a GHG perspective
• Understand the energy consumption and/or energy audit
… it simply helps business be more socially responsible and take part in understanding and combating climate change.