In the context of climate change becoming an increasingly urgent global issue, the reduction, reporting, and management of greenhouse gas (GHG) emissions have emerged as critical objectives for enterprises. To assist organizations in measuring, managing, and transparently reporting greenhouse gas emissions, the ISO 14064- 1:2018 certification was established.

So, what exactly is ISO 14064- 1:2018 certification? What advantages does meeting the ISO 14064-1:2018 standard offer businesses? Join Minmax Green in exploring these topics in today’s article!

 

What is ISO 14064-1:2018 certification?

ISO 14064 is an international standard that defines requirements for managing greenhouse gas (GHG) emissions and reporting on activities causing these emissions. In other words, ISO 14064 provides specific guidance for measuring, monitoring, reporting, and verifying the greenhouse gas emissions of organizations. Developed by the International Organization for Standardization (ISO), ISO 14064 is widely implemented across the globe.

 

What is ISO 14064-1:2018 certification?

 

ISO 14064 is also recognized as a supplement to the ISO 14000 environmental management standard, aimed at reducing greenhouse gas emissions and facilitating the trading of emissions and carbon footprint management. Thus, ISO 14064-1:2018 is the latest version of ISO 14064 concerning the verification and calculation management system for greenhouse gases.

ISO 14064- 1:2018 aims for sustainable development by fostering a low-carbon economy, reducing emissions based on quantifiable activities, monitoring, reporting, verifying, and eliminating emissions. This, in turn, generates numerous benefits for individuals, organizations, and all parties concerned with environmental issues, sustainable business practices, and the green economy globally.

 

What does the ISO 14064-1:2018 greenhouse gas standard include?

The ISO 14064-1:2018 standard comprises three main components:

ISO 14064-1
Provides guidelines on determining emission boundaries, quantifying greenhouse gases, and reporting emissions at the organizational level. This version supports organizations in measuring emissions from their activities and developing effective emission reduction strategies. The latest version is ISO 14064-1:2018, released in December 2018.

 

ISO 14064-2
Focuses on projects aimed at reducing greenhouse gas emissions or enhancing carbon absorption. This standard provides requirements and guidelines regarding the monitoring, reporting, and verification of emissions in specific projects. The latest version is ISO 14064-2:2019, released in April 2019.

 

ISO 14064-3
Outlines principles and requirements for verifying and auditing greenhouse gas emissions reports, including reports from emission reduction projects and organizational-level documents. It ensures the transparency, accuracy, and reliability of emission information. The latest version is ISO 14064-3:2019, released in April 2019.

Among these, ISO 14064-1:2018 is currently the most sought-after standard!

 

Benefits for enterprises achieving ISO 14064- 1:2018

Implementing ISO 14064-1:2018 brings numerous strategic advantages to enterprises, from meeting emissions reporting requirements to enhancing brand image and opening up enticing business opportunities for the future. Below are the prominent benefits of achieving the ISO 14064-1:2018 standard:

Preparedness for mandatory emissions reporting programs
ISO 14064-1:2018 equips enterprises to be ready for future mandatory emissions reporting requirements. Furthermore, achieving ISO 14064-1:2018 opens up opportunities for enterprises to participate in the carbon market. This not only ensures regulatory compliance but also creates new revenue streams and enhances competitive capacity in the market.

 

Benefits for enterprises achieving ISO 14064- 1:2018

 

Efficient emissions assessment and management
By applying ISO 14064-1:2018, enterprises can assess their current emission levels, thereby devising more effective management and reduction plans. This also enables enterprises to identify risks associated with greenhouse gas quotas in the future and implement appropriate and timely emission reduction measures.

 

Increased transparency and enhanced brand image
Voluntarily disclosing emissions data according to ISO 14064-1:2018 not only enhances transparency but also helps enterprises build and elevate their brand image, demonstrating a strong commitment to taking concrete actions against climate change.

 

Business opportunities and competitive advantage
Implementing ISO 14064-1:2018 is a crucial step for enterprises to develop business strategies, as they can attract investors and key business partners interested in green products and sustainable development.

 

Additionally, adopting ISO 14064-1:2018 brings various other benefits, such as:

• Establishing an internationally recognized management system to verify and quantify greenhouse gas emissions.

• Effectively positioning and controlling liabilities, assets, and risks related to greenhouse gases.

• Supporting the planning, designing, and implementing of synchronized and effective greenhouse gas management programs.

• Creating a solid foundation for measuring, managing, and reporting greenhouse gas emissions.

• Reducing costs through optimizing operational and production processes.
   

Supporting the planning, designing, and implementing of synchronized and effective greenhouse gas management programs

 

Minmax Green - A reputable organization providing greenhouse gas inventory services that meet ISO 14064- 1:2018 standards

The ISO 14064-1:2018 standard is designed to be applicable to all enterprises, regardless of industry, field, size, or geographic location. All organizations can implement this standard to effectively identify, inventory, and report greenhouse gas emissions.

In Vietnam, on January 18, 2022, the Prime Minister signed Decision No. 01/2022/QD-TTg, outlining the categories of sectors and facilities required to conduct greenhouse gas inventories. According to this decision, approximately 2,000 enterprises are mandated to achieve ISO 14064-1:2018 certification to ensure legal compliance.

Minmax Green proudly serves as a leading entity supporting enterprises in inventorying and reporting greenhouse gases according to ISO 14064-1:2018 standards. With a team of experienced experts and internationally-standard processes, Minmax Green is committed to being a reliable partner, accompanying enterprises on their journey to managing and reducing greenhouse gas emissions, striving toward sustainable development and enhancing brand reputation in the global market.

Additionally, Minmax Green regularly conducts in-depth training courses on greenhouse gas inventorying, equipping individuals and businesses with the essential knowledge required to proactively comply with emission regulations. Contact Minmax Green now via the website https://minmaxgreen.vn/ or hotline 0931 861 313 for timely consultation and support.