ISO14064-1: Greenhouse Gas Accounting & Reporting

The ISO 14064-1 standard is part of the ISO 14064 series, which provides guidelines for quantifying and reporting Greenhouse Gas (GHG) Emissions and Removals. ISO 14064-1 specifically focuses on the principles and requirements for organizations to quantify and report their GHG emissions and removals. Organizations are increasingly required to report their Greenhouse Gas (GHG) Emissions and take action to reduce their Carbon Footprints.

The European Union (EU) has introduced the Carbon Border Adjustment Mechanism (CBAM) regulation which entered into force on May 16, 2023. The CBAM aims to prevent carbon leakage by subjecting the import of certain groups of products from third [non-EU and non-European Free Trade Association EFTA)] countries to a carbon levy/tariff linked to the carbon price payable under the EU Emissions Trading System (ETS) when the same goods are produced within or outside the EU.

The CBAM is an environmental tax measure aimed at reducing the risk of carbon leakage and fulfilling the EU ambitions in the field of climate mitigation. It is based on a system of certificates covering the embedded emissions in imported products, so that importers must pay the same carbon price as domestic producers under the EU emission trade system (ETS). The reporting obligations in place during the transitional period, the full implementation of CBAM as from 2026 and the compliance burden imposed on importers.

This course focuses on the ISO 14064-1 standards developed specifically to help organizations manage their Greenhouse Gas Emissions on the WHAT and HOW.