Glossary entry

GHG Protocol

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Definitions

GHG Protocol

GHG Protocol means The Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard, Revised Edition 2015 as updated from time to time.

Drafting notes

The GHG Protocol can be found here:  https://ghgprotocol.org/sites/default/files/standards/ghg-protocol-revised.pdf

The GHG Protocol is one of the most commonly used greenhouse gas accounting standards. It defines and standardises the measurement of Scope 1, 2 and 3 Emissions within organisations.

Application

Supply chain clauses, investment contracts, company articles, governance documents, and any other agreement that requires the measurement of greenhouse gas emissions.

GHG Protocol is used in the following TCLP clauses:

[Callum & Theo’s Clause] Climate Standard Transaction Terms;

[Dottie’s Clause] Climate Purchase Agreement and Underwriting Sponsor Warranties;

[Gordon’s DDQ] Capital Markets ESG Due Diligence Questionnaire; and

[Ming’s Clause] Target Product Carbon Footprint (Schedule for Consumer Goods Contracts). 

References