GHG Emission Scope

From Open Risk Manual

Definition

GHG Emission Scope. The GHG Protocol Corporate Accounting and Reporting Standard classifies an organization’s GHG Emissions into three scopes.

Disclosures

Per the TCFD Recommendations, Organizations should provide their Scope 1 and Scope 2 GHG emissions and, if ap- propriate, Scope 3 GHG Emissions and the related risks.

GHG emissions should be calculated in line with the GHG Protocol methodology to allow for aggregation and comparability across organizations and jurisdictions. As appropriate, organizations should consider providing related, generally accepted industry-specific GHG efficiency ratios.

GHG emissions and associated metrics should be provided for historical periods to allow for trend analysis. In addition, where not apparent, organizations should provide a description of the methodologies used to calculate or estimate the metrics.

See Also


References

As defined in[1]

  1. PCAF (2020). The Global GHG Accounting and Reporting Standard for the Financial Industry. First edition.