WASHINGTON DC (March 15, 2023) – Today the Earth Fund announced its award of $9.25 million to Greenhouse Gas Protocol, which is co-convened by World Resources Institute and the World Business Council for Sustainable Development. The partnership will allow GHG Protocol to update and clarify existing standards, develop new guidance, improve efficiency, and provide additional technical services to companies. This work will support GHG Protocol users’ implementation of greenhouse gas emissions accounting and reporting standards.
In November 2022, GHG Protocol launched a set of surveys on its Corporate Accounting Reporting Standard, Scope 2 Guidance, and Scope 3 Standard and Scope 3 Calculation Guidance to better understand users’ challenges with implementing the standards. The global stakeholder survey process will inform future revisions to existing standards or development of additional guidance and sets the stage for the next two years of GHG Protocol’s work. By soliciting feedback from users on pain points, as well as users’ suggestions for revisions, GHG Protocol is working to better serve practitioners on the ground.
“The global demand for greenhouse gas accounting and disclosure is skyrocketing and must be scaled and modernized to deliver needed standards, tools and training,” said Dr. Andrew Steer, President and CEO of the Bezos Earth Fund. “Trust in these systems is paramount and this investment in two critical corporate climate and accountability disclosure initiatives will help enable companies to take urgent climate action.”
Ani Dasgupta, President & CEO of World Resources Institute, emphasized the foundational role that GHG Protocol has played in the GHG emissions and accounting ecosystem. “For over twenty years, GHG Protocol has supplied the world’s most widely used greenhouse gas accounting standards which have come to underpin virtually every corporate GHG reporting program,” he said. “This generous award in partnership with the Earth Fund comes at a critical inflection point as the GHG Protocol updates its standards and guidance and significantly ramps up the support it provides to thousands of corporate users.”
This funding will be pivotal to expanding GHG Protocol’s capacity as interest in GHG emissions accounting grows from voluntary to regulatory programs, said Pankaj Bhatia, Director of GHG Protocol. “GHG Protocol has provided comprehensive standards and tools for businesses, cities, and governments to credibly measure their GHG emissions and track progress toward their climate targets, and we are seeing an exponential increase in demand for support in this field.” he said. “This investment will allow us to continue to further strengthen our vital role for years to come.”
About the Bezos Earth Fund
The Bezos Earth Fund is Jeff Bezos’s $10 billion commitment to fund scientists, activists, NGOs, and other actors that will drive climate and nature solutions. By allocating funds creatively, wisely, and boldly, the Bezos Earth Fund has the potential for transformative influence in this decisive decade. Funds will be fully allocated by 2030 — the date by which the United Nations’ Sustainable Development Goals must be achieved.
About Greenhouse Gas Protocol
Greenhouse Gas Protocol is the world’s leading authority and international standard setter on corporate greenhouse gas (GHG) emissions accounting. Building on a 20-year partnership between World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD), GHG Protocol works with governments, industry associations, NGOs, businesses and other organizations. GHG Protocol also provides standards, tools and online training to help countries and cities track progress towards their climate goals.
About World Resources Institute
Founded in 1982, World Resources Institute (WRI) is an independent, nonprofit global research organization that turns big ideas into action at the nexus of environment, economic opportunity, and human well-being. We are working to address seven critical challenges that the world must overcome this decade to secure a sustainable future for people and the planet: climate change, energy, food, forests, water, sustainable cities, and the ocean. WRI has a global staff of over 1,800 people with work spanning 60 countries. We have offices in Africa, Brazil, China, Europe, India, Indonesia, Mexico, Colombia and the United States, as well as a growing presence in other countries and regions.
