Carbon Disclosure Project (CDP) is a global NGO, aiming to provide a disclosure system for enterprises, cities, regions for its environmental impact, to establish disclosure platform on climate change, water, forests, and supply chain. However, according to the public score and report, Stakeholders could polish their procurement strategy and investing in the company.
Since World Resources Institute (WRI) and World Business Council for Sustainable Development (WBCSD) jointly updated a version in 2015, GHG Protocol Scope 2 Guidance - An amendment to the GHG Protocol Corporate Standard. The Standard recommends the reporter should disclosure the carbon emission in two methods, location-based and market-based.
Hence, CDP has released a revised version of the climate change questionnaire that all companies shall reply to carbon emission and approaches by location-based and market-based. Also, CDP has listed I-REC can be an adopted instrument in Asian countries:
CDP Reporting Summary
RE100 is brought by The Climate Group in partnership with CDP. Both organizations are part of the We Mean Business coalition, working with leading businesses around the world. RE100 is also an international initiative with 100 major enterprises adopting 100% renewable energy in 2020. The list of RE100s is currently being rolled out. Well-known companies such as Apple, Google, Microsoft, etc. have all joined the promise of 100%. When these international companies begin to form alliances, and gradually require comprehensive greening of the supply chain.
To approach the RE100 goal, those companies will use market instruments such as I-REC. I-REC represents proof that 1 MWh of renewable energy has been produced and embodies the environmental benefits that the amount of renewable energy has generated. When a company buys I-RECs for their electricity consumption, the I-RECs are canceled in the registry and make it easy to track ownership, verify claims and ensure that I-RECs are only sold once and there is no double counting.
Expect that companies report according to international standards, including RE100, CDP reporting, and Greenhouse Gas Protocol. The updated Greenhouse Gas Protocol Scope 2 Guidance features Guarantees of Origin, REC, and I-REC as mainstream instruments for documenting and tracking electricity consumed from renewable sources.
GHG Protocol Scope 2 Guidance
The Corporate Standard requires organizations to quantify their activities of Greenhouse Gases emissions. About the Scope 2 Guidance focus on accounting emissions from the generation of acquired and the consumed electricity, heat, cooling, or steam. Popular these called Scope 2 emission.
Scope 2 Guidance offers much clearer how organizations measure emissions from their purchasing power. Though this transparency accounting could lead to unleashing corporate demand for obtaining renewable electricity. It is required reading and exercising for enterprises that follow the Corporate Standard.
The purpose of Scope 2 Guidance is to strengthen and extend the systematic Scope 2 emission reporting while identity various market tools applications. Reducing these emissions from Scope 2, first step organizations turn to energy efficiency and publish relatively interior energy saving regulations, and next step is looking forward to low-carbon power generation, however, it needs to be achieved the commitment right away, it is common to use environmental attribute certificates (EACs).
A common green solution for electricity like building renewable energy by yourself, or purchasing suitable environmental attribute certificates (including I-RECs, GECs, etc.) and signing a power purchasing agreement with generation industries. Following the Scope 2 Guidance, it can fulfill the form reply whether CDP (Carbon Disclosure Project) or SDGs (Sustainable Development Goals) even more efficiency to achieve of SBTi(Science Based Targets initiative).
EKOenergy is a globally available, non-profit ecolabel for renewable energy. The award-winning ecolabel was launched in 2013 and it is an international initiative of environmental NGOs. The EKOenergy ecolabel brings additional positive impact to the purchase of renewable energy, regardless of the purchasing method (Green tariffs, PPAs, purchase of unbundled renewable energy certificates such as I-RECs, Guarantees of Origin (GOs), or RECs…)
In addition to being renewable, energy sold with the EKOenergy label fulfills additional sustainability criteria and finances projects that combat energy poverty. EKOenergy also promotes the use of renewable energy worldwide through its advocacy work and information-sharing campaigns.
There are many reasons to choose EKOenergy-labelled energy. Here are a few:
- Sustainability criteria of the ecolabel ensure that the environmental impact is minimal, allowing the consumer to link their purchase with nature protection
- The Greenhouse Gas Protocol, LEED for green buildings, and CDP describe the EKOenergy ecolabel as a good solution to go the extra mile.
- Using EKOenergy helps companies contribute to the realization of several of the UN's Sustainable Development Goals (SDGs). EKOenergy is mentioned by UN DESA as a good SDG Practice in an official publication.
- Thanks to EKOenergy users, new clean energy projects are financed in developing countries, which bring extra social benefits to the local communities.
- EKOenergy users can use EKOenergy’s name and logo to demonstrate their commitment to renewable energy. Putting the EKOenergy logo on products, facilities and marketing materials inspires others and encourages communication about renewable energy use.
How to make your good quantity of green power usage stand out?
- Print on your product
- Sticker on your store window
- Mark in your power output facilities
Read more about EKOenergy here: https://www.ekoenergy.org/ecolabel/