ISO 14064

What is ISO 14064?

ISO 14064 is an international standard that provides a set of guidelines for the quantification, monitoring, reporting, and validation or verification of greenhouse gas (GHG) emissions and removals. Published in three parts between 2006 and 2006, this standard has become a fundamental tool for organizations worldwide that seek to manage their carbon footprint and contribute to the fight against climate change.

Parts of ISO 14064

ISO 14064 is divided into three parts, each addressing a specific aspect of GHG management:

ISO 14064-1: Greenhouse Gases – Part 1: Specifications and Guidance for the Quantification and Reporting of Greenhouse Gas Emissions and Removals at the Organizational Level

This part of the standard establishes principles and requirements for designing, developing, managing, and reporting GHG inventories at the organizational level. It includes identifying emission sources, selecting emission factors, calculating emissions and removals, and ensuring data quality management.

ISO 14064-2: Greenhouse Gases – Part 2: Specifications and Guidance at the Project Level for the Quantification, Monitoring, and Reporting of Greenhouse Gas Emission Reductions or Removal Enhancements

ISO 14064-2 focuses on the quantification, monitoring, and reporting of emission reductions or removal enhancements from specific projects. This part is particularly relevant for clean development projects, such as renewable energy or energy efficiency initiatives, that aim to demonstrate their contribution to climate change mitigation.

ISO 14064-3: Greenhouse Gases – Part 3: Specifications and Guidance for the Validation and Verification of Greenhouse Gas Statements

ISO 14064-3 sets out the principles and requirements for validating and verifying GHG statements. This part of the standard is crucial for ensuring the credibility and transparency of organizations' climate actions, as it provides a framework for independent assessment of GHG inventories and emission reduction projects.

Benefits of implementing ISO 14064

Implementing ISO 14064 can bring numerous benefits to organizations, including:

• Improved management of risks and opportunities related to climate change.
• Increased credibility and transparency in GHG emissions reporting.
• Compliance with regulatory and market requirements on climate change.
• Access to new markets and business opportunities.
• Enhanced corporate image and reputation.
• Promotion of innovation and efficiency in resource management.

Relationship with other standards and reporting frameworks

ISO 14064 aligns with other sustainability reporting frameworks, such as the United Nations Global Compact, the Sustainable Development Goals (SDGs), and the Task Force on Climate-related Financial Disclosures (TCFD). This alignment facilitates the integration of GHG management into broader corporate sustainability strategies.

The Importance of ISO 14064 in today’s context

In a context marked by the urgency of climate action, ISO 14064 has gained significant relevance. Growing concerns about climate change are driving the demand for transparent and comparable GHG emissions data from investors, consumers, and regulators.

In this regard, ISO 14064 serves as an essential tool for organizations to:

• Demonstrate their commitment to sustainability and the fight against climate change.
• Access new funding and collaboration opportunities.
• Strengthen their social license to operate.