New Scope 2 Accounting Guidance

New Scope 2 Accounting Guidance: What it means for corporate decisions to purchase environmental instrumentsPE INTERNATIONAL

Published by The CarbonNeutral Company
 

New guidance on reporting Scope 2 emissions under the Greenhouse Gas Protocol is scheduled to be released later this year. The guidance will provide greater clarity and consistency about how businesses can account for their mixed portfolios of environmental instruments, including RECs and carbon credits, across their entire greenhouse gas emission reduction programmes.

Our briefing paper is based on the drafts and consultations on the guidance, and gives a summary of what's expected. It includes a view of how WRI, CDP and the UK's Defra are responding to reflect this new thinking.

The paper includes examples to demonstrate how corporates will be able to report the cancellation of renewable energy instruments and retirement of carbon credits within their GHG accounts.