Validating Climate Action Standards

"Felipe, are there other options beyond #SBTi? Why don't I hear about other standards? I've been receiving this question frequently in conversations with my customers, so I thought it would be helpful to share some insights here. When it comes to driving corporate climate action, several initiatives provide frameworks and methodologies. Here’s a comparison of some key players in the field: "The leader" - Science Based Targets initiative (SBTi): - A collaboration of institutions aimed at increasing corporate ambition on climate action. - Methodology: Independent assessment of companies’ Scope 1, 2, 3 targets, classified into three categories. - Adoption: ~1,200 companies, including Bayer, thyssenkrupp, Saint-Gobain, and PSA. Transition Pathway Initiative (#TPI): - A global initiative led by asset owners and supported by asset managers. - Methodology: Assessment based on publicly available information and classification into five levels. - Adoption: ~370 companies, such as Tesla, P&G, and Ford. X-Degree Compatibility (#XDC): - A science-based climate metric to quantify a company’s contribution to global warming. - Methodology: Emission and economic data are used to calculate XDC value and emission reduction pathways. - Adoption: >30 companies, including BASF, Adidas, and E.ON. The 1.5°C Business Playbook: - An initiative that brings together technology innovators, scientists, companies, and NGOs. - Methodology: Proposed pathway based on the carbon law, which involves halving carbon emissions every decade. - Adoption: No calculation/categorization of companies. ISO Standard on Climate Action (e.g., ISO 14064-1): - Provides guidelines and standards for quantifying and reporting greenhouse gas (GHG) emissions and removals. - Methodology: Focuses on organizational and project-level GHG quantification, reporting, and verification. - Adoption: Widely recognized and adopted globally across various industries for standardized reporting and compliance. ------ Top 3 Key Differences: ------ 1- While SBTi, TPI, and XDC provide specific frameworks for setting and assessing climate targets, the 1.5°C Business Playbook offers a broader pathway approach, and ISO focuses on standardized reporting. 2- Methodology: SBTi and TPI rely on classifications, XDC uses a quantitative metric, the 1.5°C Business Playbook is based on the carbon law, and ISO provides guidelines for GHG quantification and reporting. 3- Adoption: SBTi and TPI have broader adoption among companies, while XDC and the 1.5°C Business Playbook have more specialized use cases. ISO standards are globally recognized and widely adopted across industries. Choosing the right framework depends on your organization's specific needs, whether it's setting science-based targets, aligning with asset managers, quantifying climate impact, following a broad decarbonization pathway, or adhering to standardized reporting. How is your organization navigating these frameworks in its sustainability journey?

ISO - International Organization for Standardization x Greenhouse Gas Protocol (GHG Protocol) : A Partnership That Could Redefine Carbon Accounting One of the persistent challenges in global decarbonization efforts has been the fragmentation of greenhouse gas (GHG) standards. Companies often juggle ISO frameworks for compliance and GHG Protocol standards for disclosure, leading to overlaps, inefficiencies, and at times, confusion. The newly announced ISO–GHG Protocol partnership changes that equation. By harmonizing their portfolios into co-branded international standards, they are creating what amounts to a “common language” for emissions accounting. 💡 Why this matters: For businesses: Fewer frameworks to navigate, stronger clarity in reporting, and greater efficiency in supply chain engagement. For investors: Consistent, comparable, and reliable data to inform capital allocation decisions. For policymakers: A unified foundation that simplifies regulation and raises accountability standards. ⚙️ Strengthening Industry Loops This partnership has the potential to tighten the feedback loops across the sustainability ecosystem: 1.Corporate reporting feeds into investor decision-making with greater credibility. 2.Policy and regulation can align seamlessly with global standards. 3.Supply chains gain consistency, reducing duplication of efforts and enabling more granular data-sharing. ♻️The Bigger Take ! If successful, the ISO–GHG Protocol collaboration could accelerate the pace of corporate decarbonization, raise ambition levels across industries, and build trust in net-zero pathways. More importantly, it reframes carbon accounting not as a compliance burden, but as a strategic enabler of sustainable growth. In other words: harmonization is not just technical-it’s transformational. #Sustainability #ClimateAction #ISO #GHGProtocol #Decarbonization

𝗔𝗰𝗵𝗶𝗲𝘃𝗶𝗻𝗴 𝗖𝗮𝗿𝗯𝗼𝗻 𝗡𝗲𝘂𝘁𝗿𝗮𝗹𝗶𝘁𝘆 𝗝𝘂𝘀𝘁 𝗚𝗼𝘁 𝗖𝗹𝗲𝗮𝗿𝗲𝗿 Introducing 𝗜𝗦𝗢 𝟭𝟰𝟬𝟲𝟴-𝟭:𝟮𝟬𝟮𝟯, the new international standard that defines how organizations can credibly and consistently achieve and demonstrate carbon neutrality. 🏭 ♻️ Unlike vague claims and unchecked offsets, ISO 14068 raises the bar. It emphasizes: ▪️Transparent GHG accounting (aligned with ISO 14064) ▪️Prioritizing actual emission reductions over offsets ▪️Use of credible, verified carbon credits ▪️Clear criteria for what carbon neutrality really means 𝗪𝗵𝘆 𝗜𝘁 𝗠𝗮𝘁𝘁𝗲𝗿𝘀 🤔 In a world of growing scrutiny around greenwashing, ISO 14068 provides a science-based, verifiable path to carbon neutrality. It brings clarity, accountability, and trust to climate claims—strengthening your credibility with stakeholders, regulators, and customers alike. This is more than a checkbox—it’s a signal that your commitment to climate action is real and responsible. If you're making or assessing carbon neutrality claims—whether for a product, service, event, or organization—this is the standard to know. #Sustainability #CarbonNeutral #ISO14068 #NetZero #ClimateAction #GHG #EnvironmentalStandards #GreenwashingGuardrails

A new resource to clarify net-zero standards at COP 29! Reaching net zero is hard enough without all the competing definitions, initiatives, and frameworks! That's why I love this work from John Lang and the Net Zero Tracker team that compares and clarifies the most important net zero standards for private sector actors! They explore the differences and numerous commonalities across: - 'Integrity Matters' recommendations by the UN Expert Group on Net Zero - Corporate Net-Zero Standard by the Science Based Targets initiative - Race to Zero criteria by the High-Level Climate Champions - Net Zero Guidelines by ISO - International Organization for Standardization - Corporate Climate Responsibility Monitor by NewClimate Institute - A landscape review of net zero standards by Oxford Net Zero You can see perspectives on transition plans, offsets, target-setting and more right here: https://lnkd.in/ezRedS8k #climate #netzero #cop29 #greenertogether #decarbonization #esg #sustainabilitystandards #un #climateaction #emissions #sustainability

https://lnkd.in/gFSY_-hU This collaboration between the GHG Protocol and ISO to unify their respective standards for measuring, reporting and verifying GHG emissions is a step in the right direction. The GHG Protocol and ISO standards are comparable but have their own characteristics. The GHG Protocol standards and resources are extremely detailed while the ISO 14064-X standards are more conceptual and arguably better recognised because of ISO's global reach and established credibility across all industries, not just sustainability. A unified set of GHG guidelines will reduce complexity and confusion for companies (e.g. they don't have to switch between how both standards categorize GHG emissions), make it easier to compare emission data across industries and geographies, and establish a single language for clear and focused climate action. Here's my 3 wishes for the unified standard. First, continue to make the standards and resources free of charge so that all organisations are able to access the materials. This currently applies to the GHG Protocol whereas the ISO 14064-X standards are behind a paywall. Second, have more rigorous guidelines on target setting. The GHG Protocol's Corporate Standard has a target setting section that is process-oriented, e.g. companies need to seek their senior management's commitment, decide on an absolute/intensity target, define the commitment period, etc. But it doesn't prescribe what the target should be, so a minimal target of say reducing absolute emissions by 1% over 10 years would be compliant with the standard, but won't contribute much to tackling climate change. Third, develop a simplified Scope 3 methodology for SMEs. GHG Protocol's current Scope 3 (Value Chain) Standard is 152 pages while the companion Scope 3 Calculation Guidance is 182 pages, which can be daunting for small business owners and employees to plough through and apply. At the end of the day, we need simplicity as that leads to less debate over methods and interpretation, and more focus on action and outcomes. #ghgprotocol #ghgemissions #simplicity

CSRD is not just about reporting; it’s a tool to align with the EU Green Deal. 🌍 Alignment might be challenging, but 𝐲𝐨𝐮’𝐫𝐞 𝐧𝐨𝐭 𝐬𝐭𝐚𝐫𝐭𝐢𝐧𝐠 𝐟𝐫𝐨𝐦 𝐬𝐜𝐫𝐚𝐭𝐜𝐡. For each ESRS (E1-5), there are established frameworks, directives, and institutes that don’t just offer information—they provide structured insights, actionable steps, and KPIs to drive sustainability forward. Here’s what supports each ESRS: 🔹 𝐄𝐒𝐑𝐒 𝐄𝟏 - 𝐂𝐥𝐢𝐦𝐚𝐭𝐞: GHG Protocol, TCFD, IPCC, TPT, and SBTi offer powerful methodologies for tracking emissions and setting reduction targets. 🔹 𝐄𝐒𝐑𝐒 𝐄𝟐 - 𝐏𝐨𝐥𝐥𝐮𝐭𝐢𝐨𝐧: The EU Industrial Emission Directive and the GHG Protocol enable companies to manage emissions and shift towards low-impact operations. 🔹 𝐄𝐒𝐑𝐒 𝐄𝟑 - 𝐖𝐚𝐭𝐞𝐫 & 𝐌𝐚𝐫𝐢𝐧𝐞 𝐑𝐞𝐬𝐨𝐮𝐫𝐜𝐞𝐬: EU UWWTD, EUWFD, World Resources Institute, GRI, and ISO water footprint standards are key frameworks for water efficiency and marine resource protection. 🔹 𝐄𝐒𝐑𝐒 𝐄𝟒 - 𝐁𝐢𝐨𝐝𝐢𝐯𝐞𝐫𝐬𝐢𝐭𝐲: TNFD, the Convention on Biodiversity, and WWF resources help guide biodiversity integration into corporate strategies. 🔹 𝐄𝐒𝐑𝐒 𝐄𝟓 - 𝐂𝐢𝐫𝐜𝐮𝐥𝐚𝐫 𝐄𝐜𝐨𝐧𝐨𝐦𝐲: The Ecodesign Directive, the Right to Repair, and the Ellen MacArthur Foundation emphasize resource efficiency from sustainable design to waste reduction. Each of these frameworks forms a roadmap—taking you from policy alignment to measurable action. 𝐓𝐡𝐢𝐬 𝐢𝐬𝐧’𝐭 𝐣𝐮𝐬𝐭 𝐚𝐛𝐨𝐮𝐭 𝐜𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞; 𝐢𝐭’𝐬 𝐚𝐛𝐨𝐮𝐭 𝐢𝐦𝐩𝐚𝐜𝐭. ------------------------------------------------- Connect with me, Madeeha Anwar Husain Anwar Husain, for more valuable insights!! #linkedin #sustainability #climateaction #climatechange

🌍 Taking Climate Action: Implementing 𝗜𝗦𝗢 𝟭𝟰𝟬𝟲𝟰-𝟭 for Transparent 𝗚𝗛𝗚 𝗥𝗲𝗽𝗼𝗿𝘁𝗶𝗻𝗴 🌱 As organizations worldwide face increasing pressure to address climate change, understanding and managing greenhouse gas (GHG) emissions has never been more critical. ISO 14064-1 provides a robust framework for quantifying and reporting GHG emissions, helping organizations demonstrate their commitment to sustainability and transparency. Here’s a step-by-step guide to implementing ISO 14064-1 effectively: 1. Define the Purpose and Scope Why are you doing this? Whether it’s regulatory compliance, stakeholder communication, or internal carbon reduction goals, clarity on purpose is key. Set boundaries: Decide which parts of your organization to include and identify operational boundaries (Scope 1, 2, and 3 emissions). 2. Develop a GHG Inventory Plan Identify emissions sources: From fuel combustion to employee commuting, map out all activities contributing to GHG emissions. Choose methodologies: Select the right tools and emission factors to calculate your carbon footprint accurately. 3. Collect and Manage Data Gather activity data: Collect data on energy use, transportation, waste, and more. Ensure data quality: Accuracy and consistency are non-negotiable for credible reporting. 4. Calculate GHG Emissions Apply emission factors: Convert activity data into GHG emissions using standardized factors. Account for all scopes: Don’t forget Scope 3 emissions—they often represent the largest portion of your footprint! 5. Establish a GHG Inventory Management System Create policies and procedures: Build a system to manage your GHG data effectively. Train your team: Ensure everyone involved understands their role in the process. 6. Prepare the GHG Report Document your inventory: Summarize your findings and include all necessary details for transparency. Highlight key insights: Use the report to identify reduction opportunities and set actionable goals. 7. Conduct Internal Audits and Reviews Verify accuracy: Double-check your data and calculations to ensure compliance with ISO 14064-1. Address gaps: Correct any errors or inconsistencies before finalizing the report. 8. Seek External Verification (Optional but Recommended) Engage a third-party verifier: Independent verification adds credibility to your GHG report. Obtain a verification statement: This formal acknowledgment can boost stakeholder trust. 9. Communicate the Results Share your report: Publish your findings to demonstrate transparency and accountability. Use insights for action: Leverage the data to drive sustainability initiatives and engage stakeholders. 10. Continuously Improve Monitor progress: Track your performance against reduction targets. Stay updated: Keep up with evolving methodologies, regulations, and best practices. #Sustainability #ClimateAction #GHGEmissions #ISO14064 #CarbonFootprint #ESG #NetZero #GreenFuture