60 firms test new standardsFebruary 2010
Two new greenhouse gas standards are being tested by 60 corporations to measure the emissions of their products and their supply chains.
The Product Life Cycle and the Scope 3 Corporate Value Chain standards, which provide ways of measuring, respectively, the emissions of individual products and of corporations as a whole, are being tested by companies from 17 countries in 20 sectors.
The two standards, developed by the World Resources Institute and the World Business Council for Sustainable Development, will for the first time allow businesses to quantify the impact of their entire value chains, including outsourced activities, supplier manufacturing and the use of products they sell.
Some of the world’s largest companies are participating, including BT, Ford, Kraft Foods, Levi Strauss and Shell.
The standards are part of the Greenhouse Gas Protocol Initiative, an international accounting tool for government and business to measure and manage greenhouse gas emissions.
They will be published at the end of this year.
The standards’ creators have reported an ‘overwhelming response’ from the private sector so far.
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