ISO 14064 Greenhouse Gas Calculation and Verification is a series of standards developed for organizations to accurately measure, report, and verify their greenhouse gas emissions and removals. This standard aims to create reliable and transparent GHG data to combat climate change. It enables organizations to calculate their carbon footprints, document emission reduction projects, and have their reports undergo third-party verification. It is an essential tool for managing financial, legal, and reputational risks while demonstrating sustainability performance.
Developing an Emission Inventory It offers a clear methodology to identify direct (Scope 1) and indirect (Scope 2 and 3) greenhouse gas emission sources arising from your organization’s activities, calculate emission amounts, and create a comprehensive emission inventory.
Verification and Validation It defines the process of confirming that your greenhouse gas reports, claims, or emission reduction projects are consistent, accurate, and transparent through an independent third party (verifier), in accordance with the principles specified in the standard.
Reporting and Transparency It ensures that comparable and reliable information is presented by setting principles for the content, structure, and presentation of greenhouse gas reports for stakeholders (investors, regulators, customers).
Carbon Management By using the obtained emission data, it enables you to set informed emission reduction targets, develop mitigation strategies, and track your performance in achieving these goals, allowing for strategic carbon management.
It is not directly for organizational certification. It is a reporting and verification standard. A product, project, or organization’s GHG inventory and report can be independently verified according to this standard.
Scope 1: Direct emissions (e.g., factory chimneys, company vehicles). Scope 2: Indirect emissions from purchased electricity. Scope 3: All other indirect emissions (supply chain, business travel, waste, etc.).
It is generally voluntary; however, an increasing number of countries and regions (such as the EU) are introducing mandatory GHG reporting for large organizations. ISO 14064 provides a reliable framework for these reports.
An accredited verification body evaluates the compliance of your inventory and report with the standard’s requirements, examines your data collection methods, calculations, and assumptions, and issues a verification statement.
Yes; specifically ISO 14064-2 defines how emission reduction or removal enhancement projects are quantified, monitored, and reported, forming the basis for certifying projects for voluntary carbon markets.
Yes. Demands from customers, investors, and banks are increasing. Understanding and managing the carbon footprint provides a competitive advantage and preparation for future regulations. Starting with Scope 1 and 2 emissions is a recommended first step.
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