---
title: Base Year
date: 2024-03-27T13:20:24Z
modified: 2025-07-31T09:46:31Z
permalink: "https://chancerylaneproject.org/glossary/base-year/"
type: glossary-term
status: publish
excerpt: ""
wpid: 1225
---

## Definition

**Base Year** means \[_insert relevant year_\] which is the year that the \[Company OR Party\] will use to benchmark its [Scope 1, 2, and 3 Emissions](https://chancerylaneproject.org/glossary/scope-1-2-and-3-emissions/) reductions each calendar year.

**Base Year** means \[_insert relevant year_\] which is the year \[set by the Board of the Company\] against which \[the Sustainability Committee\] will assess the \[Company’s\] progress in reducing its [Scope 1, 2, and 3 Emissions.](https://chancerylaneproject.org/glossary/scope-1-2-and-3-emissions/)

**Base Year** means an annual average of \[Company’s\] [Scope 1, 2, and 3 Emissions](https://chancerylaneproject.org/glossary/scope-1-2-and-3-emissions/) over \[_insert multiple consecutive years_\].

**Base Year** means the year before the \[_insert the current calendar year_\] and every year thereafter.