Greenhouse gas emissions (GHG Emissions)

        The ISO organization made major revisions to the ISO 14064 standard at the end of 2018, aiming to guide companies to comprehensively assess the impact of greenhouse gases and report carbon reduction results. The ISO 14064 organizational greenhouse gas inventory standard can be applied to various industries, including manufacturing, OEM, service industry, etc.  

        ISO 14064 is divided into three parts, covering different levels of greenhouse gas management and reporting. The differences between the three can be clearly seen through the figure above. 

1. ISO 14064-1 : Organization’s  GHG emissions and uptake within its operational scope. ISO provides clear standards and guidelines to enable organizations to follow GHG inventory and documentation procedures. 
2. ISO 14064-2 : Project planning  for GHG reductions and absorptions. This includes: project proposal preparation > validation report > project registration replacement > working group meeting > registration approval > monitoring report > verification report > working group meeting > resolution > approval and issuance of reduction allowances. 
3. ISO 14064-3 of greenhouse gases Verification and validation . Procedures for verifying or validating a GHG declaration.

1. Reputation and Transparency: ISO 14064 provides an internationally recognized standard, enabling organizations to ensure the accuracy and consistency of their greenhouse gas inventory and reporting. This enhances the trust of external stakeholders such as investors, customers, and regulators.
2. Risk Management: Understanding and managing GHG emissions can help organizations identify and reduce potential environmental, social, and economic risks.
3. Compliance: Some countries or regions may require organizations to report their GHG emissions. Using ISO 14064 can ensure that an organization complies with these requirements.
4. Efficiency and Savings: Inventory can reveal energy-saving opportunities within an organization, which may reduce energy costs and improve operational efficiency.
5. Market and Competitive Advantage: In modern markets where consumers and other businesses are increasingly concerned about climate change, organizations with GHG verification and accreditation are likely to be more favored and gain a competitive advantage.
6. ESG Sustainability: By assessing and managing GHG emissions, organizations can contribute more to global sustainability goals, particularly in combating climate change.
7. Promoting green supply chains: Organizations can encourage their suppliers to adopt similar GHG management practices, thereby improving the overall environmental benefits of the supply chain.
8. Driving internal culture and engagement: Conducting GHG reviews and management can stimulate more sustainability initiatives within the organization and encourage employee engagement and innovation.
9. The most important thing is that the current international trade import and export is related to the CBAM Act implemented by the European Union, which mainly levies carbon tariffs on goods imported into the EU.