Glossary

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

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.

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 Continues Carbonfund.org Mission Toward a Net-Zero Carbon World

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

ClimeCo Continues Carbonfund.org Mission Toward a Net-Zero Carbon World

Boyertown, Pennsylvania (November 2, 2022) – Carbonfund.org Foundation, Inc. (“the Foundation”), now named Environment Next, Inc., has decided to rebrand its foundation and divest certain carbon offsetting and its Carbonfree certification operations. ClimeCo is excited to announce that it has chosen to continue the Carbonfund name and mission to make it easy and affordable for individuals, businesses, and organizations to reduce and offset their climate impact. ClimeCo and the Foundation, both pioneers in the voluntary carbon market space, have always been aligned in their values and have been trusted counterparties to each other over the years. Environment Next, Inc., will continue as a non-profit organization providing climate change leadership grants to individuals and non-profits globally.

“We have had the pleasure of working with the Foundation for about 15 years,” says Derek Six, Chief Operating Officer at ClimeCo. “The Foundation was one of the first groups to emphasize the potential of voluntary markets to address the climate change problem, and we have admired their mission and impact. We believe the Foundation’s customers will find in ClimeCo an equally dedicated and passionate team. We look forward to continuing to serve the needs of the Foundation’s customers and offer them an expanded suite of solutions, a diverse portfolio of projects, and new and innovative programs like our ocean-bound plastics collection projects. We are also very excited to welcome several members of the Foundation’s team to the ClimeCo family so that previous customers can expect a familiar experience.”

Together, these two organizations can provide substantial support to those who want to positively impact their environmental footprint. Anyone, from an individual who wants to offset their plastic footprint to a business needing renewable energy credits, will be able to create the best solutions to fit their budget and goals.

“On behalf of the Foundation team transitioning to ClimeCo, I am thrilled that we’re joining a highly qualified company with the same enthusiasm and focus for climate change mitigation,” says Linda Kelly, who served as the Foundation’s SVP of Programs and Partnerships and will be joining ClimeCo as SVP of GHG Markets. “The Foundation’s business partners will greatly benefit from ClimeCo ESG solutions, carbon emissions reduction strategy, and Product Life Cycle Assessments. During my twelve years at the Foundation, I’ve worked with the majority of our business partners. My colleague Anna O’Brien and I look forward to continuing and expanding these relationships.”

Along the eCommerce website and current project inventory, ClimeCo will also be expanding the Carbonfund Carbonfree Partner Program, which provides an innovative and flexible way to help businesses calculate, reduce, and offset their carbon footprint. ClimeCo’s ESG Advisory team has extensive experience in assisting new Carbonfree Partners to go beyond what they thought was possible for their sustainability efforts.

About ClimeCo

ClimeCo Sponsors Climate Resolve’s Reflecting Sunlight 2022 Virtual Event

ClimeCo is a proud sponsor of Climate Resolve’s “Reflecting Sunlight 2022: Albedo as a Means to Reduce the Greenhouse Effect” virtual event held on June 30th from 11 AM – 1:30 PM (PDT). The panel will include Dr. Maria Hakuba (Jet Propulsion Laboratory), Dr. Hashem Akbari (Concordia University), Dr. Hessam Azarijafari (Massachusetts Institute of Technology), and Dr. Ronnen Levinson (Lawrence Berkeley National Laboratory). We invite you to join ClimeCo at the free event to hear from these experts on the albedo-GHG relationship and how emerging GHG mitigation strategies could benefit from the installation and performance of reflective services.

Learn more about the event and register now by visiting https://www.climateresolve.org/reflecting-sunlight/.

About ClimeCo

ClimeCo is a respected global advisor, transaction facilitator, trader, and developer of environmental commodity market products, projects, and related services. We specialize in voluntary carbon, regulated carbon, renewable energy credits, plastics credits, and regional criteria pollutant trading programs. Complementing these programs is a team of professionals skilled in providing sustainability program management services, 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 484.415.0501, info@climeco.com, or through our website climeco.com. Follow us on LinkedIn, Facebook, Instagram, and Twitter using our handle, @ClimeCo.

ClimeCo Expands Project Development Leadership with the Hire of Erika Schiller

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

ClimeCo Expands Project Development Leadership with the Hire of Erika Schiller

BOYERTOWN, Pennsylvania (March 1, 2022) – ClimeCo announces the expansion of its leadership team with the hire of Erika Schiller as Vice President of Project Development. She will lead the team, spanning new methodology development, consulting, and project management to assist customers, create measurable environmental benefits, and generate environmental credits.

“ClimeCo represents energy-intensive industries that have unique decarbonization challenges,” says William Flederbach, President and CEO of ClimeCo. “We are building our team and leveraging a proven track record of thirteen years to meet our customer’s needs. Erika will expand and support cutting-edge decarbonization strategies by leveraging our finance, design, and build expertise. In 2022 and beyond, investing in low carbon technologies is paramount to achieving our aggressive global climate goals, and I couldn’t be more excited to have Erika leading this practice.”

Schiller will build on ClimeCo’s strengths in industrial greenhouse gas (GHG) management, nature-based solutions, such as reforestation and composting, and plastics mitigation. Additionally, she’ll look to expand in other industrial spaces like low-carbon cement, renewable natural gas, and carbon capture use and storage (CCUS). She excels in taking customer-focused approaches to business development and growing new business lines.

“ClimeCo was compelling to me because of their market-based approach to tackle environmental challenges,” says Schiller. “I see a strong business case for measuring and delivering GHG reductions, and other benefits for a world focused on how to achieve net-zero this century. ClimeCo is poised for growth, and I’m excited to contribute my expertise to their strong foundation.”

Before joining ClimeCo, Schiller worked in the low-carbon energy industry for ten years, spanning energy storage to renewable fuels and carbon capture use & storage with Chevron. She helped Chevron launch its renewable natural gas business, forming two joint ventures in dairy RNG production. She then moved to their corporate strategy and sustainability team, where she led the commercial strategy for a new CCUS global business line and supported the start-up of their New Energies business unit.

Schiller earned her Master of Business Administration from Georgetown University, McDonough School of Business, and her Bachelor of Science from Vanderbilt University.

About ClimeCo

ClimeCo is a respected global advisor, transaction facilitator, trader, and developer of environmental commodity market products and related services. 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 services, 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 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.

Glossary

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

ClimeCo Continues Carbonfund.org Mission Toward a Net-Zero Carbon World

ClimeCo Continues Carbonfund.org Mission Toward a Net-Zero Carbon World

ClimeCo Sponsors Climate Resolve’s Reflecting Sunlight 2022 Virtual Event

ClimeCo Sponsors Climate Resolve’s Reflecting Sunlight 2022 Virtual Event

ClimeCo Expands Project Development Leadership with the Hire of Erika Schiller

ClimeCo Expands Project Development Leadership with the Hire of Erika Schiller

Sources

Additional Resources