What is GHG Protocol?
The Greenhouse Gas Protocol is the world's most widely used international accounting standard for measuring and managing greenhouse gas emissions. It provides frameworks for corporate, value chain, and product emissions accounting.
Why it matters
The GHG Protocol is the foundation of virtually all corporate carbon reporting. Following its methodology ensures your report is consistent, comparable, and accepted by reviewers, investors, and procurement teams worldwide.
Example
EcoHedge aligns its carbon calculation engine with the GHG Protocol Corporate Standard, ensuring that every report produced follows the same recognised methodology used by FTSE 100 companies.
Related terms
Scope 1 Emissions
Direct greenhouse gas emissions from sources owned or controlled by an organisation. Examples include emissions from company vehicles, on-site fuel combustion in boilers and furnaces, and refrigerant leaks from air conditioning systems.
Scope 2 Emissions
Indirect greenhouse gas emissions from the generation of purchased energy consumed by an organisation. This includes electricity, steam, heating, and cooling purchased from utility providers. Scope 2 can be calculated using location-based or market-based methods.
Scope 3 Emissions
All other indirect emissions occurring in an organisation's value chain, both upstream and downstream. Scope 3 typically represents 70-90% of a company's total carbon footprint and includes emissions from suppliers, business travel, employee commuting, and product use.
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