This piece was written with Stacy Kotorac.
The use of standards to account for corporate greenhouse gases is increasingly common in developed countries – but it is emerging in developing countries as well.
In India, companies’ focus on value chain inventories and life cycle thinking is in nascent stages. That’s why the Greenhouse Gas Protocol, a collaboration of the World Resources Institute and the World Business Council for Sustainable Development is partnering with The Energy Resources Institute (TERI) in launching its two new tools, the Product Life Cycle and Corporate Value Chain (Scope 3) Accounting and Reporting Standards, in New Delhi next week.
These new standards establish a comprehensive, global, standardized framework for businesses and other organizations to measure their value chain and product emissions and to reduce their impacts on the climate.