ISO 14064-1

ISO 14064-1 Specification with guidance at the organization level for quantification and reporting of greenhouse gas emissions and removals

ISO 14064-1 is a specification with guidance at the organization level for quantification and reporting of greenhouse gas emissions and removals. It provides guidance for the emissions calculation methodologies and reporting principles. This contributes to global efforts in combating climate change and promoting sustainability.

ISO 14064-1 is about:

The ISO 14064-1 Standard was developed in relation to the growing global concern about climate change at the global level to enable interested organizations/businesses to verify their emissions of Greenhouse Gases (GHG), taking into account emissions issues from energy use, with the overall intention of reducing their carbon footprint globally.

The standard is voluntary, but the verification of the carbon footprint assists in the implementation of the climate protection strategy of organizations/businesses by identifying measures to reduce the footprint enhancing the corporate image.

By applying the ISO 14064-1 standard to an organization / business, arise benefits beyond the general management of the GHG emissions. In relation to the dynamically changing global environment, maintaining safety and compliance on these issues in the day-to-day activity of an organization / business, leads to significant benefits :

• Recognition of relevant opportunities and threats to GHG issues and improvement of the environmental performance towards the emissions’ reduction
• Developing uniformity and transparency for quantifying, monitoring, reporting and reducing GHG emissions
• Building confidence among stakeholders, investors and consumers
• Identify the ways to reduce GHG emissions, including energy consumption and associated costs
• Legal and other compliance, where applicable (e.g. compliance with the Greek Climate Law, customer requirements, etc.)
• Promotion of the social profile of the organisation/business (corporate/social responsibility), a main criterion of Sustainability Reports (ESRS, GRI)
• Maintaining and improving corporate image and reputation

The standard ISO 14064-1 promotes transparency and creditability for the organizations and companies to accurately measure, monitor and report emissions. So, it is an invaluable tool of the climate impact of their organizations and companies. This standard guides the organizations and companies to accurately measure and report emissions, promoting transparency and accountability around climate impact. In addition, it is ensured that through the implementation of the requirements of the verification processes, the GHG emissions data and reports are accurate and according to the specifications of the standard.