Greenhouse Gas (GHG) Reporting Standard meaning

Describes the agreed methodology used in contracts and disclosures to measure, report and manage an organisation’s greenhouse gas emissions (typically Scope 1, Scope 2 and, where relevant, Scope 3). It is not a term defined in legislation or case law, but a descriptive expression referring to recognised frameworks such as the ghg protocol Corporate Standard (and its Scope 2 and Scope 3 guidance), the International Organisation for Standardization’s ISO 14064 series (and related ISO 14065/14066/14067), BSI-adopted standards (including BS EN ISO 14064 and PAS 2060) and The Carbon Footprint Standard. Key legal features usually include: setting organisational and operational boundaries, selecting emission factors, establishing a base year and recalculation rules, data quality controls, and independent verification or assurance (limited or reasonable). Typical usage: supply chain and procurement clauses, sustainability-linked finance, M&A due diligence, and public reporting (including UK Streamlined Energy and Carbon Reporting) and voluntary disclosures (e.g. CDP, SBTi). For regulated schemes, different rules may apply: UK ETS and EU ETS rely on specific monitoring and reporting regulations rather than these voluntary standards. Usage is broadly consistent across England and Wales, Scotland, Northern Ireland and Ireland, with variations driven by applicable disclosure regimes (e.g. UK SECR; EU CSRD/ESRS in Ireland) and the...