glossary of carbon accounting terms

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ISO 14064

ISO 14064

ISO 14064 is a set of international standards that provide guidelines for quantifying, monitoring, reporting, and verifying greenhouse gas (GHG) emissions and removals. It helps organizations measure their carbon footprint, set reduction targets, and ensure transparency and consistency in reporting. These standards are crucial for businesses aiming to manage and reduce their environmental impact effectively.

FAQs

Why is ISO 14064 important?

It ensures accurate and consistent measurement and reporting of GHG emissions, helping organizations manage their carbon footprint and meet regulatory requirements.

What are the components of ISO 14064?

ISO 14064 is divided into three parts: Part 1 covers GHG inventories and reporting; Part 2 addresses project-level GHG quantification and reporting; Part 3 focuses on the validation and verification of GHG assertions.

Who can use ISO 14064 standards?

Any business, regardless of size or industry, can use ISO 14064 to measure and manage its greenhouse gas emissions.

How does ISO 14064 help in carbon reduction?

By providing a framework for accurate GHG measurement and reporting, ISO 14064 helps businesses identify emission sources and implement effective reduction strategies.

What is the difference between ISO 14064 and ISO 14001?

ISO 14064 focuses specifically on GHG emissions, while ISO 14001 provides a broader framework for environmental management systems.

How can a business get certified to ISO 14064?

Businesses can seek certification through accredited third-party bodies that verify their compliance with the ISO 14064 standards.

What are the benefits of ISO 14064 certification?

Certification enhances credibility, improves transparency, ensures regulatory compliance, and demonstrates a commitment to sustainability.

How does ISO 14064 support transparency in GHG reporting?

It provides clear guidelines for reporting GHG data, ensuring that information is accurate, consistent, and verifiable by third parties.

Carbon Footprint Management Software

Carbon Footprint Management Software is a digital tool designed to help businesses measure, monitor, and manage their greenhouse gas emissions. It enables businesses to track their carbon footprint, identify areas for improvement, implement reduction strategies, and report their emissions accurately. This software is essential for companies aiming to reduce their environmental impact and comply with sustainability regulations.

Digital Product Passport (DPP)

A Digital Product Passport (DPP) is a digital record that contains detailed information about a product’s lifecycle, including its origin, materials, production process, usage, and end-of-life handling. It enables transparency and traceability, helping consumers, businesses, and regulators make informed decisions about sustainability and compliance. DPPs are becoming increasingly important in promoting circular economy practices and enhancing product stewardship.

ISO 14064 is a set of international standards that provide guidelines for quantifying, monitoring, reporting, and verifying greenhouse gas (GHG) emissions and removals. It helps organizations measure their carbon footprint, set reduction targets, and ensure transparency and consistency in reporting. These standards are crucial for businesses aiming to manage and reduce their environmental impact effectively.

Carbon Reduction

Carbon reduction refers to the process of lowering the amount of carbon dioxide (CO₂) and other greenhouse gases released into the atmosphere. This is achieved through various methods, including improving energy efficiency, switching to renewable energy sources, adopting sustainable practices, and implementing carbon offsetting projects. The goal of carbon reduction is to mitigate climate change, reduce environmental impact, and promote sustainability.

Life Cycle Assessment (LCA) in Fashion

Life Cycle Assessment (LCA) in fashion is a systematic method used to evaluate the environmental impacts associated with all stages of a garment's life, from raw material extraction to production, use, and end-of-life disposal. This comprehensive assessment helps identify key areas where carbon emissions and other environmental impacts occur, enabling brands to implement more sustainable practices.

Supply Chain Carbon Accounting

Supply chain carbon accounting is the process of measuring and managing the greenhouse gas emissions produced throughout the entire supply chain of a product or service. This includes emissions from raw material extraction, production, transportation, and distribution. By tracking these emissions, companies can identify high-impact areas, implement strategies to reduce their carbon footprint, and report their environmental impact more accurately. This practice is essential for sustainability, regulatory compliance, and improving the overall environmental performance of businesses.

Procurement Policy Note (PPN) 06/21

PPN 06/21, or Procurement Policy Note 06/21, is a UK government framework requiring suppliers bidding for public sector contracts over £5 million to have a Carbon Reduction Plan (CRP) and commit to achieving Net Zero emissions by 2050.

Carbon Offsetting

Carbon offsetting refers to compensating for carbon dioxide (CO2) emissions by funding projects that reduce or remove an equivalent amount of CO2 from the atmosphere. Common offsetting projects include reforestation, renewable energy, and energy efficiency initiatives. Offsetting helps mitigate the impacts of climate change by lowering atmospheric greenhouse gas levels.

Carbon Negative

Carbon negative refers to the state of reducing/removing more carbon dioxide (CO2) from the atmosphere than is emitted. This is achieved through activities such as carbon capture, reforestation, and renewable energy initiatives that prevent/remove or 'offset' CO2 emissions. Being carbon negative contributes to reducing overall greenhouse gas levels, helping mitigate climate change.

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