Verification of Greenhouse Gas Reporting

The goal of a low-carbon economy is to reduce the carbon footprint. Businesses need to reduce their carbon footprint, as climate risks are currently equated with investment risks.

• Following the principles of ESG (environmental social governance);
• Using the CDP platform and rating for independent voluntary reporting;
• Producing carbon units;
• Assessing the carbon footprint of products.

For such companies, independent verification of the carbon footprint is needed. Companies order a service to verify greenhouse gas calculations, to verify calculations and confirm the independent status of their reporting in the field of greenhouse gases.

After this procedure, the company’s emissions report (or carbon footprint) can be considered officially reliable and verified. Such a report has a strong economic weight in communications with stakeholders in the international arena. Additional opportunities are opening up to enter the international market.

HPBS offers greenhouse gas verification services for various purposes, namely:

• Non-financial reporting for ESG ratings;
• Carbon footprint of products;
• Release of carbon units;
• Verification of greenhouse gas emissions calculations for Scope 1, Scope 2 and Scope 3 for the period under review (implementation time – 10 working days);
• Verification of the volumes and sources of actually delivered “green” energy for the period under review (implementation time – 5 working days);
• Preparation of an audit report on non-financial information related to the calculation of emissions from energy consumption and implemented measures to compensate for emissions from supplied “green” energy (implementation time – 5 working days).

The verification itself is carried out in several stages:

1. Inventorying of emissions and visiting facilities, where verification is carried out.
2. Checking the company’s calculations.
3. Preparation of a report on the results of verification (opinion statement).

1. EPD verification support by HPBS consultant;
2. EPD Certification of the carbon footprint in the EU;
3. Verification of the EPD declaration according to ISO 14025 by a third independent party from the European Union;
4. Publication of the EPD Declaration on the Environmdec international platform;
5. Annual contribution of the company publishing the EPD;
6. Climate Declaration (supplement to EPD);

Possible options:
1. Support of verification (protection) of EPD for products before the verifier from the EU;
2. Registration on the platform Eco-platform.org;
3. Development and approval of PCR (rules for product categories) in the EU (if there is no PCR for this type of product);
4. Consultations with an expert from the EU.

• Europe is implementing the project Green Deal and gradually reduces greenhouse gas emissions;
• By 2023, the CRAM mechanism, the implementation of cross-border carbon regulation with the European Union.

https://hpbs.io/en/news/project-life-cycle-assessment-3/

https://hpbs.io/en/news/carbon-credits/

https://hpbs.io/en/news/cross-border-carbon-regulation/