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ClimeCo Responds to the Greenhouse Gas Protocol’s Surveys for Standard and Guidance Updates

ClimeCo Responds to the Greenhouse Gas Protocol’s Surveys for Standard and Guidance Updates

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Nancy Marshall, SVP, Marketing
+1 484.415.7603 or nmarshall@climeco.com

ClimeCo Responds to the Greenhouse Gas Protocol’s Surveys for Standard and Guidance Updates


Our experts weigh in on recommended updates to the global greenhouse gas accounting standard.


by: Garrett Keraga | March 20, 2023

ClimeCo's Response to the Greenhouse Gas Protocol
Boyertown, Pennsylvania (March 20, 2023) –
In 2023, the Greenhouse Gas Protocol (GHG Protocol) invited stakeholders to recommend updates to its widely-used standards and guidance for measuring greenhouse gas inventories. This presents a rare opportunity to help shape the way that companies report on emissions, track them over time, and use market-based mechanisms to support global decarbonization efforts. The ClimeCo team gathered leaders from around the company with expertise in measuring inventories, developing environmental commodities, and helping companies lower their emissions. We’ve crafted a response to help push the industry forward constructively and mindfully.

In the survey for the Corporate Accounting and Reporting Standard, we indicated a high level of satisfaction with the existing material and provided a range of minor tweaks to improve fidelity. This included suggestions like improved guidance on emission factor databases and leased asset accounting, improved accounting procedures for companies or portfolio managers with high levels of inorganic growth, and a clear recommendation on a baseline recalculation threshold.

Our responses for Scope 2 and Scope 3 similarly indicated satisfaction with the current guidance but suggested several more areas of improvement. Within Scope 2, we requested clearer guidance around renewable energy certificate (REC) boundaries and improved residual mix emission factor availability globally. We did not see a current need for revisions to the REC market that incorporate proof of total change in low-carbon supply. Our Scope 3 suggestions included creation of a remote work emissions category: consistent allocation of upstream versus downstream emissions, additional industry specific guidance for several categories, and guidance around market-based mechanisms within Scope 3.

Our experts had numerous suggestions for the future of market-based accounting, including expanding market-based accounting into Scope 1 and Scope 3 through inset credits, mass-balance certification, and book and claim certificates. We advised the GHG Protocol to establish systems that use the same principles as the current market-based Scope 2 reporting. Our team believes the voluntary market will continue incentivizing fast-paced, cost-effective progress toward net-zero, regardless of physical limitations. The graphic below explains how this system might work with a book and claim approach for a shipping company.

GHG Protocol - Book & Claim Accounting: Shipping


About ClimeCo

ClimeCo is a respected global advisor, transaction facilitator, trader, and developer of environmental commodity market products and related solutions. We specialize in voluntary carbon, regulated carbon, renewable energy credits, plastics credits, and regional criteria pollutant trading programs. Complimenting these programs is a team of professionals skilled in providing sustainability program management solutions and developing and financing of GHG abatement and mitigation systems.

For more information or to discuss how ClimeCo can drive value for your organization, contact us at +1 484.415.0501, info@climeco.com, or through our website climeco.com. Be sure to follow us on LinkedIn, Facebook, Instagram, and Twitter using our handle, @ClimeCo.

ClimeCo Partners with Aclymate, a Software Solution for Small Businesses Interested in Making Climate Impacts

ClimeCo Partners with Aclymate, a Software Solution for Small Businesses Interested in Making Climate Impacts

NEWS RELEASE
FOR IMMEDIATE DISTRIBUTION
CONTACT
Nancy Marshall, Vice President, Marketing
+1 484.415.7603 or nmarshall@climeco.com  

ClimeCo Partners with Aclymate, a Software Solution for Small Businesses Interested in Making Climate Impacts

 

Boyertown, Pennsylvania (September 8, 2022) – ClimeCo, a global company that focuses on developing and trading environmental commodities and advising clients on sustainability and emerging environmental markets, announces a partnership with Aclymate.

Aclymate is a web-based application solution for small and medium-sized businesses that desire to address their climate footprint but are otherwise unable to do so in a practical or economical manner. They offer users a robust, intuitive, and friendly way to transform their best climate intentions into climate action so that any business can become a climate leader.

“There are more than 30 million small businesses in the United States alone. Small business owners are passionate about being part of the solution to environmental problems,” says Derek Six, Chief Operating Officer at ClimeCo. “Still, there were not any affordable and effective tools for these business owners to begin their sustainability journey. Aclymate empowers small businesses, and ClimeCo is excited to support this effort.”

Aclymate provides carbon footprint and certification services to smaller companies at a cost-effective price, allowing them to show their customers, employees, and stakeholders that they are taking action in the fight against climate change.

“I have been fortunate to know a great many players in carbon markets, and I can say, unequivocally, that Derek and the ClimeCo team are amongst the best,” says Mike Smith, CEO of Aclymate. “I am very excited about this partnership and how we can bring the power of ClimeCo to the small and medium-sized business space.”

ClimeCo will participate on the Board of Directors and support Aclymate in maintaining a great selection of high-quality offset projects. This collaboration will provide Aclymate’s clients with expanded services, including expert ESG Advisory from ClimeCo. The partnership will also strengthen Aclymate’s carbon accounting and carbon offset offerings to a market segment that is generally underserved.

 


About ClimeCo

ClimeCo is a respected global advisor, transaction facilitator, trader, and developer of environmental commodity market products and related solutions. We specialize in voluntary carbon, regulated carbon, renewable energy credits, plastics credits, and regional criteria pollutant trading programs. Complimenting these programs is a team of professionals skilled in providing sustainability program management solutions and developing and financing of GHG abatement and mitigation systems.


For more information or to discuss how ClimeCo can drive value for your organization, contact us at +1 484.415.0501, info@climeco.com, or through our website climeco.com. Be sure to follow us on LinkedIn, Facebook, Instagram, and Twitter using our handle, @ClimeCo.


About Aclymate 

Aclymate empowers small and medium-sized businesses to become Climate Leaders. With no special knowledge required, our customers can determine their emissions footprint in under 10 minutes per month, find ways to reduce their impact, and offset what cannot be eliminated – all leading to our Climate Leader certification. For more information or to sign up for a free consultation, please go to aclymate.com.