ISO 14064-1: Organisation Quantification of Greenhouse Gases (GHG)

What is ISO 14064-1?
This standard outlines the principles and prerequisites for devising, establishing, administering, and disclosing an organisation's or company's GHG emissions. Organisations may undertake GHG emissions inventory and reporting for diverse motives. These include contributions to their yearly reports, communication with customers, adherence to regulatory or investor reporting obligations, or public acknowledgement of their accomplishments in emission reduction.

Why does the company conduct GHG inventory?
Various entities, including governments, investors, stock exchanges, and enterprises, have instituted reporting mandates. They are exerting pressure on businesses to diminish emissions across their value chains. Standards for inventory and reporting, such as the GHG Protocol and ISO 14064, bolster disclosure mechanisms. These mechanisms are increasingly prevalent among leading corporations, serving as platforms to communicate their environmental, social, and governance endeavours. Prominent disclosure tools Global Reporting Initiative (GRI), the Task Force on Climate-Related Financial Disclosures (TCFD), the Sustainability Accounting Standards Board (SASB), the establishment of science-based reduction targets, and more.

What do MyCO2 offer?

MyCO2 provide training workshop for organisations in quantifying and disclosing their greenhouse gas (GHG) emissions across Categories 1 to 6. We help them establish their GHG inventory, ensuring compliance with internationally recognised standards like ISO 14064-1.

To streamline the data collection and reporting process, MyCO2 utilised carbon accounting software designed to assist in emissions calculation with efficiency and accuracy. This tool automates the aggregation of emission data, reducing manual input errors and accelerating the compilation of reports. By leveraging real-time data integration, organisations can maintain precise and up-to-date emission inventories while enhancing transparency in their environmental impact disclosures.

Additionally, the carbon accounting software enables MyCO2 to conduct remote verification of emissions data. This digital capability eliminates geographical constraints, allowing for seamless auditing without the need for on-site visits. By integrating secure data-sharing mechanisms and AI-driven analysis, organisations can undergo verification processes with minimal disruption, ensuring compliance with reporting standards while reducing costs and operational complexity.

Through our expertise and technology-driven solutions, MyCO2 is committed to supporting businesses in their sustainability journeys, equipping them with the tools and knowledge to meet evolving climate regulations and investor expectations.