New Scope 3 Accounting Tools from GHG Protocol Acts as Beacon for Climate-Minded Companies

(3BL Media / theCSRfeed) October 27, 2011 - As Climate Counts scores companies from year to year on their climate leadership, there has been a recent groundswell of demand for a method of measuring and reducing emissions beyond a company’s direct control (known as Scope 3 emissions).   This month, the Greenhouse Gas (GHG) Protocol  launched two new standards to quantify indirect Scope 3 emissions related to a company’s operational value chain and product life cycle. The Corporate Value Chain Standard allows companies to assess emissions across their entire supply chain, including emissions related to transportation and energy consumption associated with upstream and downstream processes.   The Product Life Cycle Standard describes how to measure GHG emissions associated with the life cycle of products including raw materials, manufacturing, transportation, use and disposal. This new standard will give companies the opportunity to gain a competitive advantage by developing more efficient products and reducing costs.   Corporate sustainability is on the rise, and it’s important for companies to not only track their direct emissions, but also expand their efforts to track Scope 3 emissions and improve the lifecycle of their products.   To learn how Climate Counts takes Scope 3 emissions and lifecycle analysis into account during our scoring process check out: http://climatecounts.org/pdf/Climate_Counts_Scorecard.pdf   For more information on the GHG Protocol, visit: http://www.ghgprotocol.org/   CC18207