What is ISO 14064?
The ISO (International Organisation for Standardization) is the world's largest developer and publisher of International Standards. ISO is a non-governmental organisation that forms a bridge between the public and private sectors. It is a network of the national standards institutes of 157 countries.
ISO 14064 was developed over several years by the International Organisation for Standardization (ISO). It was launched in the spring 2006.
In parallel with the emergence of regulated or mandatory schemes relating to monitoring, reporting and verification of Greenhouse Gases (GHG), organisations outside of mandatory or regulated schemes such as the EU Emission Trading scheme or the UN CDM mechanism schemes also wish to monitor and report their emissions (commonly referred to as the organization's carbon footprint). In order to demonstrate their corporate social responsibility (CSR) credentials
In response to this demand and to provide an international standard against which such reports can be voluntarily verified, ISO 14064 has been developed. The ISO 14064 standards (published in 2006 and early 2007) are the most recent additions to the ISO 14000 series of International Standards for environmental management. The ISO 14064 standards provide governments, businesses, regions and other organisations with an integrated set of tools for programs aimed at measuring, quantifying and reducing greenhouse gas emissions. These standards allow organisations take part in emissions trading schemes using a globally recognised standard.
What are the ISO 14064 standards?
ISO 14064 is comprised of three standards, respectively detailing specifications and guidance for the organisational and project levels, and for validation and verification.
Benefits of ISO 14064:
- Ensures the credibility, consistency, and transparency of GHG accounting and reporting;
- Increases investor confidence;
- Facilitates the certification and trade of GHG emission reductions or removal enhancements;
- Facilitates the development and implementation of organization GHG management strategies and plans;
- Allows entities to track performance and progress in the reduction of GHG emissions and/or increase in GHG removals;
- Assists in the identification of GHG risks or liabilities; and
- Facilitates the development and implementation of GHG projects because of the following:
- International recognition and compatibility - framework & tools agreed by all countries to facilitate GHG activities while building on compatibility with existing good practice (e.g. WBCSD/WRI GHG Protocol)
- Program/policy neutrality - standard to be a common "building block" for use by different companies and programs; general process standard that includes "technical" requirements without program rules (e.g. no additionality, eligibility, etc.)
- Auditable structure for independent verification to improve consistency and credibility for emissions trading, compliance
The ISO-14064 Standard has been approved as "good practice" in the industry. It provides a framework for the verification of GHG inventories and projects, which gives more credibility to the GHG-reduction process.
An organisation which uses ISO 14064 standard gives you the assurance on validation/verification methods. In addition, as it is an international standard, verification done in any any country is recognized elsewhere, in USA, in Europe, at corporate level for overseas multinational headquarters as well as voluntary GHG reduction schemes.