Greenhouse gas emissions
verification – ISO 14064
Assurance supports regulatory compliance, strengthens ESG performance, builds stakeholder trust and identifies opportunities to improve data quality, reduce emissions and costs.
ISO 14064 independent third party assurance helps organisations to verify that their greenhouse gas (GHG) emissions and methodologies are accurate, complete and reliable, targets are realistic; and comply with ISO 14064.
Assurance supports regulatory compliance, strengthens ESG performance, builds stakeholder trust and identifies opportunities to improve data quality, reduce emissions and costs.
Inspired offers an assurance service that is aligned to the GHG Protocol and ISO 14064-criteria. This process is useful for providing independent third-party assurance to stakeholders and shareholders, and to meet voluntary and mandatory compliance requirements.
Inspired’s approach
The first step in our verification process involves an ISO 14064 Lead Verifier determining the level of assurance (limited or reasonable), scope (the organisation’s boundaries and facilities) of the assessment; the time period and the materiality threshold (for example, +/ 5% errors) for each GHG scope.
Subsequently, we plan the verification process by conducting a range of activities, such as a strategy analysis, a risk assessment and designing a data collection plan.
We will then proceed with the verification process by reviewing the GHG statement and conducting site visits. Depending on the number of site visits required, the verification process typically takes 4 – 6 months to complete.
Inspired produces a verification report, which outlines the verification process, presents conclusions and recommendations. The report will be reviewed by an independent reviewer who has not been involved in the verification process. This allows companies to demonstrate that their GHG emissions have been independently verified to ISO 14064.
Key deliverables
Depending on the number of site visits required, the verification process typically takes 4 – 6 months to complete.
Inspired produce a verification report, which will include a conclusion of the verification process and recommendations. The report will undergo a review conducted by an independent reviewer uninvolved with the verification process.
The report will allow companies to state that they have had their GHG inventory verified, with independent assurance, to the ISO 14064 GHG international standard.
Talk to an expert
Dr Christine Acheson
ESG Director
“ISO standards are internationally recognised as best practice and help organisations to better manage and control their business processes.”
“Inspired were professional, responsive and pushed us to improve throughout the process which ensured that not only was our work accurate and thorough, but they also identified opportunities to improve data quality and accuracy for future years. This has ensured continual improvement in the process year on year.
We have continued to build on this accuracy and transparency in our subsequent sustainability reports, setting ourselves increasingly higher standards in our disclosures.”David Lever, Sustainability Manager, Altro
Related ESG services
Streamlined Energy and Carbon Reporting (SECR) – Scope 1 and 2 emissions
Inspired’s SECR service calculates a company’s Scope 1 and 2 emissions as per the SECR requirements. The GHG emissions calculated by this service can then be verified to the ISO-14064 standard by Inspired’s Quality Assurance team.
Scope 3 emissions inventory
Inspired’s ESG experts will calculate a business’s applicable Scope 3 emissions, as per the Greenhouse Gas (GHG) Protocol guidance. The GHG emissions calculated by this service can then be verified to the ISO-14064 standard by Inspired’s Quality Assurance team.
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At Inspired, we’ve been putting a lot of effort into helping businesses to understand ESG and its associated benefits. But, our support doesn’t end there.
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Contact an ESG specialist today to discuss your assurance options in more detail.