News | June 6, 2018

Scope 5 Announces Market-Indicative Emissions Factors For Companies Wanting To Benefit From GHG Protocol's Scope 2 Guidance On Dual Reporting

New integrated feature offers GHG reporters timely, actionable information when utility emissions profiles are incomplete

Seattle, WA (PRWEB) - Scope 5 announces general availability of the Scope 5 Market-Indicative emissions factors, so companies can make informed decisions about buying energy from utilities.

“The GHG Protocol’s Scope 2 Guidance on dual reporting is a welcome development, but most utilities are still unable to provide the information required to meet the GHG Protocol’s strict quality criteria,” said Yoram Bernet, CEO of Scope 5. “Our market-indicative emissions factors offer a pragmatic solution for making informed electricity purchase decisions.”

“At CH2M, we are aware first-hand how difficult it can be to find supplier-specific emissions factors that meet strict GHG Protocol quality criteria for market-based indirect emissions reporting,” said Jessica Cragan Wollmuth, JACOBS Sustainability Consulting Practice Lead. “Scope 5's market-indicative approach can help companies navigate the GHG Scope 2 guidance, and identify and quality check factors until such time as supplier specific factors become more publicly available.”

Compliance with market-based reporting for Greenhouse Gas Protocol’s Scope 2 Guidance requires asking utilities a complex set of questions about their sources of electricity and confirming the emissions intensities they provide accurately represent all delivered energy.

But many utilities do not account properly for power imported for resale and for renewable energy production or purchases. This makes it nearly impossible for reporters to get information they need from most power suppliers.

By providing a method of estimating supplier-specific emissions, Scope 5 Market-Indicative emissions factors can help companies better understand their electricity-related emissions so they can achieve GHG reduction goals. For more guidance, read the Scope 5 whitepaper, Scope 2 Market-Based Accounting Has Huge Potential Along With Data Challenge.

About Scope 5
Scope 5 software helps organizations improve environmental and economic impacts by tracking progress, revealing waste and driving action. Besides recording impacts ranging from greenhouse gases to tree canopy, Scope 5 tracks activities related to manufacturing, operation of office buildings, business travel, supply chains and many others. With this data, organizations can set targets, evaluate projects and forecast results, as well as report to public agencies such as the CDP and DJSI. For more information, visit http://www.scope5.com.

About Jacobs
Jacobs leads the global professional services sector delivering solutions for a more connected, sustainable world. With $15 billion in combined revenue and a talent force more than 74,000 strong, Jacobs provides a full spectrum of services including scientific, technical, professional and construction- and program-management for business, industrial, commercial, government and infrastructure sectors. For more information, visit http://www.jacobs.com.

SOURCE: PRWeb

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