Disclaimer - please read
The definitions on this website (and published in our Climate Contract Playbook) have been prepared in good faith on a pro bono basis and are free to download and use. The definitions have been drafted and edited by a variety of lawyers and, as such, the approaches to drafting may not conform to any particular drafting norms. We acknowledge this as a consequence of the collaborative drafting process.
The definitions on this website (and published in our Climate Contract Playbook) are provided on an ‘as is’ basis and without any representation or warranty as to accuracy or that the definitions will achieve the relevant climate goal or any other outcome.
This website (and the Climate Contract Playbook) does not comprise, constitute or provide personal, specific or individual recommendations or advice of any kind, and does not contain legal or financial advice. The definitions are precedents for legal professionals to use, amend and negotiate using their professional skill and judgement and at their own risk.
While care has been taken in the drafting of these definitions, neither The Chancery Lane Project nor any of its contributors owe a duty of care to any party in relation to their preparation and do not accept any liability for any errors or omissions, nor for any loss incurred by any person relying on or using these definitions or any other person. Users should use their own professional judgement in the application of these definitions to any particular circumstance or jurisdiction or seek independent legal advice.
At present, all the definitions are based on the laws of England and Wales. We encourage the conversion of these precedent definitions for use in other jurisdictions.
GHG Reporting Standard
GHG Reporting Standard means a standard for the measurement[, reporting] and management of [Greenhouse Gases/ climate forcing emissions] published by [the GHG Protocol/ the International Standards Organization/ the BSI Group/ The Carbon Footprint Standard].
The definition includes an option to include reporting where this will be required in addition to measuring and managing GHG emissions.
This definition includes options on what to report. We have included an option to report on climate forcing emissions as this would cover emissions of black carbon, which is not a gas but still has a warming effect.
There are a variety of standards that can be used to measure, report and manage an organisation’s GHG emissions. Some of the key standards are listed below:
1. The World Resources Institute (WRI) and WBCSD GHG Protocol Standards: These are globally recognised frameworks to track, measure and manage Greenhouse Gas (GHG) emissions from private and public sector operations, value chains and mitigation actions. They include the Corporate Accounting and Reporting Standard and the Product Life Cycle Accounting and Reporting Standard.
2. The International Organisation of Standardisation (ISO): The ISO14000 series of environmental management standards are intended to assist organisations in managing their environmental impact. They include:
- ISO 14001, which allows organisations to demonstrate that their environmental impact is being measured and improved.
- ISO 14064, which allows programmes to measure, quantify and reduce GHG emissions and removals and to achieve carbon neutrality.
- ISO 50001, which is an energy management system to help companies become more energy efficient.
3. BSI PAS 2050:2011: The British Standards Institution (BSI) issued PAS 2050 standard is widely used by businesses to calculate the carbon emissions of goods and services.
4. The Global Reporting Initiative (GRI) Sustainability Reporting Standards: GRI is an international standards body convened by Ceres, a non-profit coalition of investor, environmental, and social justice groups. The Sustainability Reporting Standards are a set of standards for sustainability reporting (including environmental and climate change reporting) to enable corporations to measure and understand their impacts on the environment, society and the economy.
5. The Carbon Footprint Standards: This draws together the leading standards to create a unified standard in assessing, reporting and offsetting emissions to enable businesses to promote their low carbon credentials.
6. The Carbon Footprint Standards: This draws together the leading standards to create a unified standard in assessing, reporting and offsetting emissions to enable businesses to promote their low carbon credentials.
Supply chain clauses, national climate laws, finance agreements.