Using Equinox for Corporate Scope 2 Reporting
The Corporate Scope 2 Methodology Workflow is an attribution and reporting methodology for certain types of indirect GHG emissions of organizations (typically companies), primarily emissions linked to the purchase of electricity from grids. The workflow shows how to implement the GHG Protocol Scope 2 Guidance (2015) (See References).
For Whom and When is this Workflow relevant?
The generation of electricity and heat accounts for around a third of global GHG emissions. Electricity consumers may want to proactively reduce those emissions by reducing electricity demand, or by shifting energy supply by procuring alternative lower-carbon or renewable resources. This workflow is relevant for a corporate entity with material electricity consumption that wants to proactively manage its Scope 2 emissions portfolio.
What are the required inputs for the Workflow?
- Contractual information about electricity procurement and estimates of emissions from energy production information.
- Energy attribute certificates from energy generation facilities that (where applicable) recognizing renewable energy purchases.
What are the produced outputs from the Workflow?
An aggregation report of Scope 2 emissions that adheres to the GHG Protocol
Further Reading and References
- Sustainable Portfolio Management
- Deep Linking Financial and Energy Accounting
- List of standards, white papers and other resources
Check out other Equinox use cases and Workflows
- The Green Public Procurement Workflow that supports analysis conforming to the data models of the European Union TED platform.
- The CIRIS Workflow for compiling a City-wide emissions report
- The PCAF Mortgages Workflow for compling the emissions profile of a portfolio of mortgages (loans secured against real estate with measurable GHG emissions).
- The PCAF Project Finance Workflow
- The GHG Project Workflow that focuses on individual Project impact analysis (thus this is an example that does not need involve a portfolio).
- The Emission Factor Database Workflow illustrates working with reference data (in this case the IPCC emissions factor database)
- The EBA Scorecard for Project Finance implements a standardized credit scorecard for Project Finance