ISO 14064 is the first chapter of the multi-series on GHGs ISO standards. ISO 14064-1:2018 is a document that specifies principles, and requirements at the organisational level for quantifying and reporting greenhouse gas (GHG) emissions and removals. It includes requirements for the design, development, management, reporting, and verification of an organisation’s GHG inventory.
To ensure GHG-related information is accurate and reliable, it considers several principles including relevance, completeness, consistency, accuracy, and transparency. The process involves identifying greenhouse gas sources and sinks, calculating emissions and removals, assessing mitigation activities, and considering other relevant factors.
To reduce greenhouse gas (GHG) concentrations in the Earth’s atmosphere and facilitate mitigation and adaptation of climate change, the public and private sectors are developing and implementing international, regional, national, and local initiatives. ISO 14064-1:2018 provides clarity and consistency to support sustainable development through a low-carbon economy, benefiting organisations, project proponents, and stakeholders worldwide. The documents will also help organisations to:
Logistic company Z in Malaysia was working to reduce its organisational GHG emissions to enhance its ESG rating. The company lacked a system or practice for collecting GHG emissions data and had limited understanding of Scopes 1, 2, and 3. To solve these problems, BBC implemented a framework based on ISO 14064-1:2018 standard requirements, enabling the company to easily establish a data collection system for quantifying GHG emissions. The company successfully implemented the practice, quantified its GHG emissions, and achieved successful reporting and cost analysis. As a result, the company is now ISO certified and its ESG rating has improved by 50% through annual auditing. Additionally, by adhering to consistent standard practices and continual process improvement, the organisation reduced operational costs by 25%.
