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Greenhouse Gas Protocol Initiative tests standards for Product Lifecycle Accounting and Corporate Value Chain standards

Product Lifecycle Accounting and Reporting Standards and Scope 3 (Corporate Value Chain) Accounting and Reporting Standards are being developed to improve Greenhouse Gas Emissions reduction and management.

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More than sixty corporations, which began measuring the greenhouse gas (GHG) emissions of their products and supply chains in January 2010 by testing a new global framework that is part of the Greenhouse Gas Protocol Initiative, have completed their road test of the new global standards.

Greenhouse Gas Protocol Initiative

The two new GHG Protocol standards are:
  • Product Lifecycle Accounting and Reporting Standard
  • Scope 3 (Corporate Value Chain) Accounting and Reporting Standard

These GHG protocol standards provide methods to account for emissions associated with products across their life cycles and corporations across their supply chains.

The protocols were developed by the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD).

More than sixty corporations, which began measuring the greenhouse gas (GHG) emissions of their products and supply chains in January 2010 by testing a new global framework that is part of the Greenhouse Gas Protocol Initiative, have completed their road test of the new global standards.

A summary of the feedback is posted on the GHG Protocol Website. The participating GHG test companies reported back that it is achievable to complete a Scope 3 inventory and many companies believe it is practical to complete one on an annual basis, and conduct an inventory in conformance with the requirements. They generally found the guidance provided helpful.

WRI and WBCSD plan to release revised standards — based on feedback from the road testers and the Steering Committee and Technical Working Groups — in September for a 30-day public comment period. The standards should be finalized by the end of 2010.

More than sixty corporations participated in the road test, including: 3M, Abengoa, Acer Inc, Airbus S.A.S, AkzoNobel, Alcoa, Amcor, Ampacet, Anvil Knitwear, Inc., Autodesk, Inc., Baoshan Iron & Steel Co. Ltd, BASF SE, Belron International, Bloomberg LP, BT plc, Coca-Cola Erfrischungsgetränke AG, Danisco A/S, Deutsche Post DHL, Deutsche Telekom AG, DuPont, Ecolab, Ford Motor Company, General Electric, Gold’n Plump Poultry, LLC, Herman Miller, Inc, IKEA, Italcementi Group, JohnsonDiversey, Kraft Foods, Kun Shan Tai Ying Paint Co, Ltd., Lenovo, Levi Strauss & Co., Mitsubishi Chemical Corporation, National Grid, New Belgium Brewing¸ Ocean Spray Cranberries, Otarian, PE International, PepsiCo, Inc., Pfizer, Pinchin Environmental Ltd., PricewaterhouseCoopers (Hong Kong), Procter & Gamble Eurocor, Public Service Enterprise Group, Inc., Rogers Communications, SAP AG, SC Johnson, Shanghai Zidan Food Packaging and Printing Co., Ltd., Shell International Petroleum Company Ltd., Siemens AG, Suzano Pulp and Paper, Swire Beverages, TAL Apparel Limited, Tech-Front (Shanghai) Computer Co., Ltd./Quanta Shanghai Manufacturing City, Veolia Water, Verso Paper Corp., Webcor Builders, WorldAutoSteel.

Edited by Carolyn Allen
| supply chain solutions |

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