GHG Inventory
From Open Risk Manual
Revision as of 00:37, 26 October 2021 by Wiki admin (talk | contribs)
Definition
GHG Inventory is the enumeration of an entity's contributions to Greenhouse Gas Emissions. [1]. A corporate GHG inventory program includes all institutional, managerial, and technical arrangements made for the collection of data, preparation of the inventory, and implementation of steps to manage the quality of the inventory.
Business Objectives
The GHG inventory serves various business goals:
- Managing GHG Risks and identifying reduction opportunities
- Identifying risks associated with GHG constraints in the future
- Identifying cost effective reduction opportunities
- Setting GHG targets, measuring and reporting progress
- Public reporting and participation in voluntary GHG programs
- Voluntary stakeholder reporting of GHG emissions and progress towards GHG targets
- Reporting to government and NGO reporting programs, including GHG registries
- Eco-labelling and GHG certification
- Participating in mandatory reporting programs
- Participating in government reporting programs at the national, regional, or local level
- Participating in GHG markets
- Supporting internal GHG Emissions Trading programs
- Participating in external cap and trade allowance trading programs
- Calculating carbon/GHG Taxes
- Recognition for early voluntary action.
- Providing information to support “baseline protection” and/or credit for early action
References
- ↑ The Greenhouse Gas Protocol, A corporate accounting and reporting standard, Revised Edition 2008
