ISO 14064 “Why Should You Care?”
Presented to ASQ-EED August 29, 2006
Russell ThorntonDNV Certification, Inc.
Contains Bonus Information-Comparison of U.S.A. GHG Registries/Programs
Slide 2
Overview of ISO 14064-GHG Standard
Introduction
Development of ISO 14064- Overview
Description of 3 “Parts” and ISO 14064
Benefits to an organization
Appendix
Linkages to other tools and programs--BONUS
Slide 3
Overview of ISO 14064-GHG Standard
“General process standards” that are GHG policy neutral;
Can be applied across organization and project types, sizes and sectors;
Involved a wide range of stakeholders;
Act as a common “building block” to initiatives or GHG programs;
Are auditable (ie, validation/verification).
Have widespread support - USA, EU, Japan, China, Brazil, India, … all approved
Slide 4
Development of ISO-14064
ISO TC207 WG5 included roughly 175 experts from 45 countries and 23 liaison organizations.
Compatible with existing knowledge and approaches (WRI/WBCSD GHG Protocol; several national/regional programs)
GHG Protocol – Corporate Module was used as a primary seed document to ISO 14064 Part 1 (Inventories).
WRI/WBCSD staff and GHGP Revision Working Group members contributed to development of ISO 14064
ISO 14064 considered as the “what to do” and GHG Protocol considered as the “how to do it”
Slide 5
The ISO 14064 GHG Standard
Organizations Greenhouse gases - Part 1: Specification with guidance at the organization level for quantification and reporting of greenhouse gas emissions and removals (ISO 14064-1).
Projects Greenhouse gases - Part 2: Specification with guidance at the project level for quantification, monitoring and reporting of greenhouse gas emission reductions and removal enhancements (ISO 14064-2).
Validation / Verification
Greenhouse gases - Part 3: Specification with guidance for the validation and verification of greenhouse gas assertions (ISO 14064-3).
Accreditation Greenhouse gases - Specification for greenhouse gas validation and verification bodies for use in accreditation and other forms of recognition (ISO 14065 DIS – work in progress).
Slide 6
ISO 14064-Principles
Relevance
Completeness
Consistency
Accuracy
Transparency
Slide 7
Part 1 – ISO 14064 Design and Develop Organizational GHG
Inventories
Part 1 – ISO 14064 Design and Develop Organizational GHG
Inventories
Part 3 – ISO 14064Part 3 – ISO 14064Verification
Process
ISO 14065Specifications for
Validation or Verification Bodies
ISO 14065Specifications for
Validation or Verification Bodies
Part 2 – ISO 14064 Design and
Implement GHG Projects
Part 2 – ISO 14064 Design and
Implement GHG Projects
GHG Inventory Documentation
and Reports
GHG Project Documentation
and Reports
Validation and Verification
Process
Level of assurance consistent with needs
of intended user
Conformance with applicable:
• GHG Program(s) – CCX, CCAR, US EPA Climate Leaders
• Legislation – federal, state/provincial, local
• Protocols/Standards – industry guidance (CCAP, IPIECA, etc.), the GHG Protocol, CDM, technical and safety standards/ codes, etc.
Verification of the GHG Assertion
Validation and/or Verification of the
GHG Assertion
Framework for ISO 14064 GHG Standards
Figure Copyright ISO (2006) – modified
Slide 8
ISO 14064-Linkages
Relevant Legislation (eg, regulatory requirements)
The company should consider these linkages to plan and implement,
validate, verify, quantification, monitoring
and reporting documentation
Standard (ie, auditable general process requirements)ISO 14064
Relevant Standards (eg, recognized criteria, rules,
methodologies, equipment)
Applicable GHG Program/Registry (eg, additional requirements,
criteria, rules and policies) eg, CCX, CCAR,
US DOE 1605b, Canada, Australia,…
Good Practice Guidance (eg, recognized criteria,
methodologies, tools and guidance on how to do it)
eg, GHG Protocol, INGAA, IPIECA, API,
CAPP, GRI
Markets for GHG Units
Slide 9
Why ISO 14064-Is GHG Management Important?
Are your key stakeholders interested/concerned about GHGs? (customers, investors, your BOD, etc.)
Does your organization have GHG risks & opportunities (major emission sources, duty of care) – brand/PR? compliance? competitiveness? physical?
Does your organization know:- GHG footprint? (facilities, main operations, products)- GHG reduction opportunities? (upgrades, new
technologies, offset projects, climate-friendly products)
Does your organization need to know how to manage GHG’s?
Slide 10
General Benefits of ISO 14064
---- “Why Should You Care?”----
Enhance the credibility, consistency, and transparency of GHG accounting and reporting;
Increase investor confidence;
Facilitate the certification and trade of GHG emission reductions or removal enhancements;
Facilitate the development and implementation of organization GHG management strategies and plans;
Allow entities to track performance and progress in the reduction of GHG emissions and/or increase in GHG removals;
Assist in the identification of GHG risks or liabilities; and
Facilitate the development and implementation of GHG projects.
Slide 11
Common issues to undertaking ISO 14064
What’s the business case? Why do it?
There’s still so much uncertainty about policies – how can I be sure what I’m doing is right?
What’s the incentive – what’s the return? (PR value, SRI premium, tradable GHG units, internal efficiencies – energy savings)
How much does it cost? (capital investment, O&M, FTEs)
How burdensome is this going to be?
Can your organization manage GHG’s?- have/need in-house capability (tools, training, GHG management
systems, verification) - Have the capability to plan, do/implement, report, manage a GHG
inventory or GHG projects?
Slide 12
ISO 14064 Strategic Benefits
In the absence/uncertainty of government policies!The voluntary application of ISO 14064, together with good
practice guidance established for your sector:
Can help an organization to prepare and act and to provide you with the capabilities, information and systems for managing risks and creating value for your organization
And demonstrating/communicating with key stakeholders (customers, investors, general public)
Slide 13
ISO 14064 Operational Benefits
1. Managing Risks
2. Public relations
3. Creating value from opportunity or threats
4. Compliance/Regulations
5. Investment disclosure
Slide 14
ISO 14064-1:What’s a GHG Inventory?
ISO’s definition of a GHG Inventory: an organization’s GHG sources, sinks, emissions and removals
DNV’s definition of a GHG Inventory: The procedures, methodologies, data, information systems and reports associated with an organization’s quantification of GHG emissions and GHG removals.
Slide 15
ISO 14064-Part 1: Organizations/InventoryScope, Definitions, Principles
GHG inventory design and development
Organizational boundaries
Operational boundaries
Quantification of GHG emissions and removals
GHG Inventory components
GHG emissions and removals
Organizational activities to reduce GHG emissions or increase GHG removals
Base year GHG inventory
GHG inventory quality management
GHG information management and monitoring
Document retention and record keeping
GHG reporting
GHG report planning
GHG report content
GHG report format
GHG report dissemination
Verification (Internal/1st party)
Slide 16
ISO 14064-1 Benefits
Enables organizations to:
1. understand and quantify the GHG emissions for which they are responsible
2. focus on major GHG sources (priorities/risk)
3. prepare a verifiable, credible GHG emissions report
4. be compared with other organizations that use the same standard
Slide 17
What is a GHG project?
GHG Project: activity or activities that alter the conditions identified in the baseline scenario which cause GHG emission reductions or removal enhancements. Requires the determination/justification of a baseline (reference case, hypothetical scenario)
Slide 18
ISO 14064 - Part 2: Projects
Scope, Definitions, Principles
Introduction to GHG projects
Requirements for GHG projects
1. General requirements
2. Describing the project
3. Identifying GHG sources, sinks and reservoirs for the project
4. Determining the baseline scenario
5. Identifying GHG sources, sinks and reservoirs for the baseline scenario
6. Selecting GHG sources, sinks and reservoirs for regular monitoring and quantification
7. Quantifying greenhouse gases
8. Managing data quality
9. Monitoring the GHG project
10. Documenting the GHG project
11. Validating or verifying the GHG project (should)
12. Reporting the GHG project (should/shall)
Slide 19
ISO 14064-2 Benefits
design project documentation to quantify, monitor and report GHG emission reductions and removal enhancements and manage GHG projects
Slide 20
ISO 14064- Part 3
Establishes common principles/requirements for validation and verification
Competence, COI, ethical conduct
Validation/verification process
Level of assurance (scope, objectives, criteria, materiality)
Audit Methodology (plan, sampling, etc.)
Assessment criteria (systems, data, program criteria, etc.)
Validation/verification statement
Recordkeeping
Slide 21
ISO 14064-3 Benefits
Validation and verification establishes credibility and trust.
ISO 14064 designed effectively for the needs of intended users, in accordance with specific level of assurance, criteria, scope, and goals/objectives
Slide 43
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