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:
• Electricity used
• Fuel used for heating and power generation to offset electrical shortages
• Fuel used for ground transport, such as corporate fleet of cars
• Fuel used 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, from fossil fuel combustion, from industrial processes and from 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, among other: business, governmental, NGOs. . . 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 have the World Resources Institute 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, while using the suitable local emission factors.
Why Quantify and Audit your GHG Footprint?
• It helps you understand your operation from a GHG perspective.
• It helps you better define your environmental strategy.
• It helps your business be in par with regional and multinational organizations.
• It helps you communicate with environmentally conscious customers.
• It helps you move a step forward to market your product or service in green manner.
• It helps you with exporting your services and products, especially to developed economies.
• It helps you benchmark your operation from a GHG perspective.
• It helps you better understand your energy consumption and/or energy audit.
…it simply helps you be more socially responsible and take part in understanding and combating climate change.