ISO 14064-1 is a specification with agency-level guidance for quantifying and reporting on greenhouse gas emissions and removals. It provides guidance on emission calculation methodologies and reporting principles. In doing so, the standard contributes to the global effort to combat climate change and promote sustainability.

 

What it 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 organisations/businesses to verify their emissions, Greenhouse Gas (GHG), taking into account emissions issues from energy use, with the overall intention of reducing the carbon footprint globally.

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

 

Benefits of implementing the ISO 14064-1 Standard

 

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

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

 

Who it concerns

 

ISO 14064-1 promotes transparency and credibility for Businesses and Organisations to accurately measure, monitor and report emissions. As such, it is an invaluable tool for Businesses and Organisations' climate impact. This standard guides Businesses and Organisations to accurately measure and report their emissions, promoting transparency and accountability around their climate impact. In addition, it ensures that through the implementation of the requirements of the verification processes, GHG emissions data and reporting are accurate and in line with the standard's specifications.