NEW YORK — The Greenhouse Gas Protocol a global collaboration supporting sustainable climate strategies, launched two new standards designed to help businesses to better measure, manage, and report their greenhouse gas emissions.
The standards, developed by the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD), include the Corporate Value Chain (Scope 3) Standard and Product Life Cycle Standard. The Corporate Value Chain Standard reveals opportunities for companies to make more sustainable decisions about their activities and the products they produce, buy and sell. Large and small companies can look strategically at greenhouse gas emissions across their value chain, showing them where to focus limited resources to have the biggest impacts.
“Our road test of the new Scope 3 standard provides us with key data to drive our strategic business decisions regarding greenhouse gas reductions,” said Kelly Semrau, senior vice president of global corporate affairs, communication and sustainability for S.C. Johnson, in a statement. “We encourage other businesses to similarly employ this effective method to measure, and subsequently address, greenhouse gas emissions from the entire value chain.”
The Product Life Cycle Standard enables companies to measure the greenhouse gas emissions of an individual product. Covering materials, manufacturing, use and disposal, the product standard will help companies improve and design new products, and provide insights for more informed consumer choices.
“The new GHG Protocol Product Standard gives us a globally consistent approach to measure and manage our product emissions that will help us innovate and improve our products over time,” said Kevin Anton, vice president and chief sustainability officer, Alcoa.