The Greenhouse Gas (GHG) Protocol is working to strengthen its Scope 2 guidance, which governs how companies report emissions associated with purchased electricity. The proposed revisions aim to improve the accuracy and credibility of market-based emissions accounting methods, including the use of renewable energy certificates and electricity supply contracts.
The proposed changes could introduce stricter requirements for matching electricity consumption with clean energy generation across time and location. These developments may prompt companies to reassess their renewable energy procurement strategies, improve emissions tracking and enhance transparency in sustainability disclosures, helping stakeholders evaluate corporate climate commitments more reliably.
Reference: ESG News