The use of standards to account for corporate greenhouse gases is increasingly common in developed countries – but it is emerging in developing countries as well. In India, companies’ focus on value chain inventories and life cycle thinking is in nascent stages. That’s why the Greenhouse Gas Protocol, a collaboration of the World Resources Institute and the World Business Council for Sustainable Development is partnering with The Energy Resources Institute (TERI) in launching its two new tools, the Product Life Cycle and Corporate Value Chain (Scope 3) Accounting and Reporting Standards, in New Delhi next week.
These new standards establish a comprehensive, global, standardized framework for businesses and other organizations to measure their value chain and product emissions and to reduce their impacts on the climate. The launch will take place in New Delhi on March 15th and will be followed by training sessions on the two standards. Similar launch events have already been hosted in New York, London, Tokyo, Beijing and Durban, South Africa.
The launch will take place in New Delhi on March 15th and will be followed by training sessions on the two standards. Similar launch events have already been hosted in New York, London, Tokyo, Beijing and Durban, South Africa. In recent years, a small but growing group of Indian companies have adopted corporate greenhouse gas (GHG) accounting. According to the Carbon Disclosure Project (CDP) 2011 India Report, 57 of 200 companies (28%) responded and submitted reports, an increase of 6.5% from 2010. Of the total respondents, 89% reported their GHG emissions using the GHG Protocol Corporate Standard or a protocol based on the GHG Protocol Corporate Standard.