The ISO 14064 standard documents guidelines for organizations to reduce and manage the greenhouse gas emissions that result from their operations. First published in 2006, the standard was updated in 2018, taking into consideration the greater need for sustainable practices. ISO 14064 is a part of ISO 14000 environmental management systems, with this particular standard focusing primarily on greenhouse gas emissions.
Reducing the greenhouse gas (GHG) emissions has become critical in today’s times. It is believed that the only way forward is through sustainable growth, where humans co-exists with nature and its beautiful ecosystem. Greenhouse gasses such as carbon dioxide are one of the key reasons for global warming and countries around the world are continuously taking steps to control this disastrous phenomenon. Studies show that if the greenhouse gas emissions are effectively reduced, it would prevent up to 3 million premature deaths annually by the year 2100.
- Features and Benefits
- Applicability
- Consulting Methodology
ISO 14064:2018 international standard specifies quantification and reporting of greenhouse gas emissions and removals for organizations. In a three-part standard system, it includes guidelines on design, development, management, documentation and verification of an enterprise’s GHG inventory.
The standard also states the requirement of regular review and reporting of greenhouse gas emissions for the business. The company wishing to implement this standard must follow the methodologies detailed under ISO 14064:2018. The planning of this project will include the company identifying and selecting GHG sources, quantifying and monitoring the emissions. It will have to review its impact on relevant sinks and reservoirs. The process of implementation will see the business identifying changes in the processes that can reduce its GHG emissions and executing plans for consistent reduction.
During the transitioning period, the company will be able to recognize immediate advantages. Efficient energy management, which is one of the key factors to reduce GHG emissions, will lead to reduced cost. Apart from being cost-effective, the system built around curtailing GHG emissions is seen to be simpler and more efficient.
There is also a provision, where companies have shifted to renewable sources of energy. Although initially, this process might need some investment, the long-term saving is invaluable. In such cases, the companies can also see the extra energy produced.
Furthermore, it is a chance for the organization to build its image as a socially responsible organization. This will increase customer confidence and help the enterprise to reach new clients.
This standard can be applied to companies in any industrial or government sector. It can also be an effective tool for a government administrative office. The standard can also be implemented to a specific project or a certain section of the organization’s operations.
The standard sets a framework for businesses or projects to quantify, monitor report and verify greenhouse gas emissions. ISO 14064:2018 supports the participation of enterprises in both regulated and voluntary programs like emissions trading schemes.