GHG emissions reporting

Gases that trap heat in the atmosphere are called greenhouse gases (GHGs). Although GHGs occur naturally (e.g. from respiration and decomposition of plants), their release is also associated with certain human activities (referred to as anthropogenic emissions). An increase in GHGs in the atmosphere leads to an increase in average surface temperatures, along with other effects – e.g. ocean acidification, smog pollution, ozone depletion. Global treaties provide guidelines for countries to develop targets to reduce theirGHG emissions at the national level. In particular, the Paris Agreement aims to limit global warming to well below 2 degrees Celsius (above pre-industrial levels) and pursue efforts to limit it to 1.5 degrees Celsius.
GHG emissions reduction targets at the country level are increasingly supported by targets at the corporate level. Setting meaningful targets and tracking progress over time requires the measurement and reporting of GHG emissions. The GHGP is currently the most widely used framework for GHG emissions measurement. It was formed in 1998 as a partnership between the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD). Since that time, the GHGP has released multiple standards and guidance documents, and has become the leading benchmark
for measuring and reporting GHG emissions.
The GHGP’s central role in GHG accounting makes it important as financial reporting standard-setters and regulators establish their own requirements for disclosing GHG emissions many of which refer to or otherwise leverage the GHGP. This chapter provides some of the history to GHG emissions reporting and a brief introduction to some of the concepts discussed later in this handbook.

source:

https://www.linkedin.com/posts/itsmetsr_handbook-ghg-emissions-reporting-activity-7357388267517861888-bW-3?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAtGGkQBsxwMBmX3lEJO8btihnfBCaHqTz4