September 22, 2022
The Institute for Sustainable Finance (ISF) and CPA Canada have come together to prepare a document that aims to provide an overview of emissions disclosure practices, in which partner Tyson Dyck has provided commentary.
The paper, titled “A Closer Look at the GHG Protocol Observations and Implications for Standards Setters and Regulators”, is intended as an overview and an introduction “to the most widely used standards and guidance for GHG accounting and reporting developed by the Greenhouse Gas Protocol (GHG Protocol).” The report aims to provide some background on the GHG Protocol, an overview of the key features of the GHG Protocol’s Corporate Accounting and Reporting Standard, among other points.
More: Check out our latest commentary on the road to net zero and the energy transition in Canada.
Tyson provided his commentary on the Corporate Standard document, which contains “requirements and guidance for companies and other organizations preparing a corporate-level GHG emissions inventory”. The Corporate Standard document covers the accounting and reporting of the six greenhouse gases covered by the Kyoto Protocol.
“I think the gaps relate to the fact that this is a guidance document. It’s not supposed to answer every question or be very prescriptive, and I think people have started to notice gaps in the sense that they have started to ask questions about how to handle certain things as the standard has become the focus of securities law and is starting to be rolled into actual legal requirements,” Tyson said.
You can read more about our Climate Change and Environmental work on our practice pages.
Press Contact
Richard Coombs | Senior Manager, Marketing
416.865.3815