Standards-setting organizations the International Organization for Standardization (ISO) and Greenhouse Gas Protocol (GHG Protocol) announced the […]
Back to Climate News
ESG Today
ISO, GHG Protocol Launch Working Group to Develop Unified Product-Level GHG Accounting Standard
Abatify Summary
Nature & Climate Perspective
**The harmonization of product-level accounting standards will significantly enhance the transparency and traceability of biogenic carbon within global supply chains, directly impacting how nature-based sequestration is valued. **
- Standardization of Life Cycle Assessment (LCA) methodologies will improve the precision of LULUCF (Land Use, Land-Use Change, and Forestry) reporting for bio-based products.
- Unified metrics reduce the risk of double-counting carbon sequestration benefits across complex ecological value chains.
- Enhanced data integrity supports more robust environmental stability assessments for Nature-Based Solutions (NBS) by quantifying exact product-level removals versus emissions.
Market & Policy Outlook
**This collaboration effectively bridges the gap between voluntary reporting and regulatory requirements, establishing a unified foundation for corporate Scope 3 compliance and international carbon trade adjustments. **
- The alignment directly addresses the ICVCM Core Carbon Principle (CCP) of 'Robust Quantification' by eliminating conflicting methodologies between ISO 14067 and the GHG Protocol.
- This unified framework facilitates the operationalization of Article 6.4 and ITMOs by providing a standardized metric for the 'carbon content' of internationally traded goods.
- Corporate entities will find it easier to meet SBTi net-zero targets and comply with CBAM (Carbon Border Adjustment Mechanism) through a single, globally recognized product-level GHG accounting standard.
This story moves you. Here's what you can do.
Related Resources
Sourcing:
Contact our trading desk for customized environmental commodities for your needs
Request sourcing: Article 6.2 (ITMOs)