A growing number of organisations are looking to voluntarily monitor and report GHG emissions and better manage their carbon footprint. ISO 14064 provides a framework for GHG accounting and verification to organisations looking to quantify and reduce GHG emissions.
Issued in three parts, each serves a unique intent:
- Part 1 - Specifies principles and requirements at the organisation level for quantification and reporting of GHG emissions and removals. It covers design, development, management, reporting and verification of an organisation’s GHG inventory.
- Part 2 - Supports multiple GHG project types, so must adequately address offset carbon credits and innovative technology projects, as well as internal projects. The second part specifies principles and requirements, and provides guidance at the project level for quantification, monitoring and reporting of activities intended to cause GHG emission reductions or removal enhancements. It covers GHG project planning; identifying and selecting GHG sources, sinks and reservoirs relevant to the project and baseline scenario; monitoring, quantifying, documenting and reporting GHG project performance; and managing data quality.
- Part 3 - Specifies principles and requirements and guides those conducting or managing the validation and/or verification of GHG assertions. It can be applied to organisational or GHG project quantification, monitoring and reporting.
To future-proof the standard as far as possible, the ISO/TC 207/SC7 technical group continues to work closely with key bodies such as Carbon Disclosure Project (CDP), United Nations Framework Convention on Climate Change (UNFCCC), World Resources Institute (WRI), The Gold Standard Foundation and other key parties.
Benefits of ISO 14064
Verification against ISO 14064-1 and ISO 14064-2 highlights the veracity of your systems and processes to prove your GHG inventory, assertions and reports conform to the ISO 14064 standard; and are free from errors, omissions or misstatements.
Validation against ISO 14064-2, establishes the integrity of your project baseline, design plan and supporting assumptions to ensure you realise your projected GHG reductions.
Verification against ISO 14064-1 provides the necessary assurance of your carbon footprint declarations. Validation of GHG projects to ISO 14064-2 provides confidence that the GHG project, if implemented as planned, will help achieve the projected emission reductions. Verification of your GHG projects gives assurance to your stakeholders of the quantum of emission reductions achieved in a specified period.
Need help with ISO 14064?
Lloyd’s Register (LR) was one of the first verification bodies to gain accreditation to ISO 14064, allowing us to deliver accredited verification to the full ISO 14064 part 1 scope to any organisation in any business sector.
Our ISO 14064 validation and verification services are designed to help you develop robust, reproducible mechanisms for quantifying, monitoring and reporting your GHG emissions at an organisation or project level.
Why work with us?
LR sits at the forefront of ISO 14064 GHG validation and verification across a range of sectors and schemes worldwide. This puts us in a prime position to share our experience and expertise with clients to gain a credible third-party verification of their assertions.
LR has in-depth experience of validation and verification within voluntary mechanisms such as ISO 14064 and the Japanese Voluntary Emissions Trading Scheme, as well as regulated schemes at a national level with the UK Emissions Trading Scheme, regional level with the EU Emissions Trading Scheme and international level with the UNFCCC Clean Development Mechanism (CDM) and Joint Implementation.
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