WBCSD Guidance for Accounting & Reporting Corporate GHG Emissions in the Chemical Sector Value Chain

This document provides guidance to support chemical companies in the consistent accounting and reporting of greenhouse gas (GHG) emissions, including the company’s own emissions and those of its value chain.

The guidance builds upon existing best practice standards for corporate GHG accounting and reporting – The GHG Protocol Standards – which are developed through a global, multistakeholder process convened by the World Business Council for Sustainable Development (WBCSD) and the World Resources Institute (WRI).

In following internationally-recognized GHG standards, wide variations exist in the resulting emissions amounts reported, due to the allowable choices made through the GHG inventory process. This document addresses the areas where the most inconsistency in approaches by reporting companies was found, including how to account for and report emissions related to: joint arrangements; the resale of energy; identifying relevant value chain (scope 3) activities; combined heat and power installations; renewable sources; swapping arrangements; and offsets and unbundled energy certificates. The guidance also provides a consistent framework for reporting.

The use of this guidance, along with the GHG Protocol Standards, is intended to create more consistency and comparability in the GHG accounting, reporting and performance assessment of chemical companies, further supporting the efforts of WBCSD chemical companies in the key sustainability area of GHG management.

Source and download the guidance click here.