Several frameworks guide carbon accounting practices, with the Greenhouse Gas Protocol (GHG Protocol) being the most widely used. Developed by the World Resources Institute and the World Business Council for Sustainable Development, the GHG Protocol provides comprehensive standards for measuring and managing greenhouse gas emissions. Another significant framework is the ISO 14064, which offers specifications and guidance at the organization and project levels for quantifying and reporting greenhouse gas emissions and removals. The Carbon Disclosure Project (CDP) is also a vital framework that helps companies disclose their environmental impact. Adopting these frameworks ensures consistency, transparency, and credibility in carbon accounting, enabling organizations to compare their emissions data with industry benchmarks effectively.
Key Takeaway: GHG Protocol, ISO 14064, and CDP are key frameworks ensuring consistent carbon accounting practices.