Blackmores ISO Consultancy Service: The creators of isology®

Business travel remains one of our largest sources of greenhouse emissions, accounting for 26% of the UK’s total emissions.

In an ideal world, no one would have to travel to work or events, some might even point to the way everyone adapted in COVID as a prime example of this in practice. However, for many that model of work is not feasible in the long-term.

So, how can we reduce this unavoidable stream of emissions?

Businesses are starting to take the right steps, however, today’s guest is paving the way as a shining example of sustainable business travel and events management.  

In this episode, Mel is joined by Christopher Truss, Global Sustainability Director at Reed & Mackay, to discuss their impressive existing ISO Standard portfolio and their journey towards ISO 14064 carbon verification.

You’ll learn

• Who is Chris Truss?
• Who are Reed & Mackay?
• What are the highlights from Reed & Mackay’s latest Sustainability and Responsible Business report?
• What Standards are Reed & Mackay certified to?
• What is the demand for sustainability within the business travel and events management sector?
• Why get ISO 14064 verified?
• What were the challenges with obtaining ISO 14064 verification?
• What are the benefits of obtaining ISO 14064 Verification?

Resources

• Reed & Mackay
• Reed & Mackay Sustainable and Responsible Business Report 2024
• Carbonology

In this episode, we talk about:

[02:05] Episode Summary – We welcome today’s guest, Chris Truss, Global Sustainability Director at Reed & Mackay, to explore their ISO Standards portfolio and journey towards ISO 14064 verification.

[02:40] Who is Chris?: Chris has had over 20 years experience in the business travel industry. He is currently responsible for driving the sustainability agenda at Reed & Mackay, which includes the development of services and solutions that their clients require to meet their own sustainability initiatives.

He also manages a wide range of third-party suppliers.

A lesser know fact about Chris is in a band, playing the folk fiddle and singing in pubs around Yorkshire. He also plays tennis in the over 45 category for Yorkshire!

[04:50] Who are Reed & Mackay? – Reed & Mackay are a global travel management and event management business. They help clients all the way from picking up the telephone and making bookings on their behalf, helping them source appropriate venues for their events and then managing the overall spend, the supply chain and ultimately reporting back to them on what they’ve been up to and how they can improve their processes and save money.

Reed & Mackay are highly regarded for their quality of services, especially within the professional services sector, and they proudly boast a number of large blue chip clients.

[05:50] What are some of the highlights in Reed & Mackay’s Sustainability and Responsible Business Report? When Chris came into his latest role, he looked to tackle two main points:

• How can Reed & Mackay operate sustainably?
• How can we articulate that to our clients?

As a result of the work Chris has done, Reed & Mackay have signed up to the United Nations Global Compact and have aligned themselves with the UN’s Sustainable Development Goals.

They have also become an EcoVadis rated supplier and are undertaking their first Carbon Reduction Plan disclosure.

From a corporate responsibility point of view, they have made great strides to improve their gender pay gap. They are also ensuring the integrity of their charitable partnerships.

[08:00] What are some of the sustainability initiatives that Reed & Mackay have started? Reed & Mackay support a charity called 4Ocean, who are trying to remove as much plastic from our oceans as possible.

They selected this charity in particular due to it’s global reach, embodying the nature of Reed & Mackay’s global influence in 13 countries for the past 10 years. They recognised the need to support a sustainability based charity as corporate travel is highly polluting, so this is a form of taking responsibility and looking at where they can assist to reduce environmental damage.

4Oceans also allows their employees to get involved directly, should they choose to take some time out of the office to help with ocean clean-up.

[09:55] What ISO Standards are Reed & Mackay certified to? They are currently certified to:

• ISO 27001 Information Security
• ISO 14001 Environmental Management
• ISO 22301 Business Continuity
• ISO 9001 Quality Management

All of which they have been certified to for over 10 years now! They acted as a foundation for Chris to drive his sustainability agenda.

[11:10] How are these ISO Standards managed across the business? – Reed & Mackay have a dedicated Security and Trust team that manage all ISO certifications, in addition to their other responsibilities.

All of the ISO Standards are a part of their Integrated Management System, which sits alongside their policies and procedures for the business that are managed by a central team.

This has provided them with an invaluable foundation to ensure the delivery of quality services, client satisfaction and continual improvement.

[12:45] What is the demand for sustainability within the business travel sector? They are receiving more requirements and requests from clients in regard to their own operational CO2 footprint, which is needed for clients own reporting requirements as Reed & Mackay would count towards many clients Scope 3 emissions.

There is also a need for more transparency with carbon reporting, including the use of credible calculation methodology’s.

The verification of GHG emissions also gives clients more confidence that businesses are doing what they say they’re doing.

[14:15] What was the main driver behind Reed & Mackay gaining ISO 14064 verification?: While they felt confident in their sustainability efforts up to a certain point, they wanted someone to come in and mark their homework to make sure they were doing the right thing.

With the increase in client demand for credible sustainability reporting, it was vital to pursue various CPD disclosures such as EcoVadis and prepare for upcoming legislation like CSRD.

To ensure they were in the best possible shape to give the information requested by clients and other stakeholders, they needed am accurate and reliable method of verification, which is what ISO 14064 could provide.

[15:40] What were the main challenges in obtaining ISO 14064 verification?: Just getting a hold of the raw data was the most difficult part, although they found it to be a very enlightening experience too.

Having to dig to find the right information helped Chris to understand the business better, giving him a greater visibility on where their carbon emissions are coming from and where there are opportunities to reduce those.

You have to be very tenacious to get all the necessary data. Chris highlights purchased goods and services data as particularly challenging to obtain due to its granular nature.

Now they have been through this process once, they’ve got a system in place to make data collection a lot easier in future.

[18:55] What impact has ISO 14064 verification had on Reed & Mackay?: It’s helped from an internal perspective as people now have a greater visibility and understanding of the impact that have on an individual basis. This in turn creates a strong launchpad for their Net Zero strategy.

From an external perspective, it’s given Reed & Mackay a lot more confidence in their own processes and their ability to work with their clients towards sustainability goals.

[20:00] What were the main benefits of getting ISO 14064 verified?:

Giving clients, stakeholder and employees confidence: The verification calculation is reliable, and so they can be confident in relaying the facts and figures to interested parties.

A great insight: The data has provided huge insights into how the business operates and where it’s biggest emissions sources lie. This is vital to know before you take steps to try and reduce your current impact.

Ability to create an accurate Carbon Reduction Plan: Once again, with confidence in having the correct data to hand, they are able to formulate an accurate Carbon Reduction Plan which can be realistically achieved.

Anti Green-washing: Consumers are crying out for a reliable sign of credibility. Simply having an environmental policy statement may have been enough 10 years ago, but that’s not the case now. People expect evidence of your sustainability claims.

[21:50] Chris’s top tip for anyone considering ISO 14064 verification: Just get started and don’t be scared by the process.

Though it may seem daunting to start, you will actually be in a much better position than when you started. Having verified data and awareness of where that data comes from and what it means on a larger scale will be vital to looking for opportunities for improvement.

So, if you want to improve your sustainability, you just need to get cracking!

[23:20] How are Reed & Mackay helping organisations improve the sustainability of their travel?: Reed & Mackay’s ambition is to make sure that clients understand the impact of their choices at every single step of their journey.

To help, they provide the carbon footprint of every booking they make, whether that be through their site or with a consultant.

They also have approval processes built into their systems, which can be based on carbon. For example, if a client doesn’t want to take the lowest carbon option on a particular journey, they can add required approval from an additional person within that client’s organisation. So it adds a level of accountability over the choices people make.

They also provide full reporting on business travel activity and where potential savings have been missed. This is a valuable tool if they need to provide travel data to carbon consultants for example, they’ll already have all of those granular reports prepared.

These reports will highlight where clients haven’t taken the lowest carbon option, i.e. where they could travel in a group instead of individually. Reed & Mackay’s intention is to make sure people have visibility of carbon alongside cost so clients can make a fair and balanced decision.

Additional services include:

• Able to set carbon budgets across a business
• Ability to purchase carbon credits for offsetting purposes
• Opportunities to mitigate carbon emissions through offsetting, or decarbonise through Carbon Reduction Plans over a period of time

[28:50] Chris’s book recommendation: His Dark Materials by Philip Pullman

[29:15] Chris’s favourite quote: You can’t measure success if you have never failed – Steffi Graf

If you would like to learn more about Reed & Mackay, and their sustainability initiatives, visit their website.

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• Share the ISO Show on Twitter or Linkedin
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Sustainability is an area that affects all businesses, no matter the sector. We are all currently contributing to the climate crisis, from travel and hospitality to manufacturing to those working in an office or from home.

You may be surprised to hear that the legal sector is currently one of the leaders in championing sustainability, not just in enforcing new environmental legislation, but also leading by example in the race to net zero.

One such stand out leader is today’s guest – Clyde & Co, a global law firm that have made great strides in their sustainability journey.

In this episode, Mel is joined by Paddy Linighan, Chief Sustainability Officer at Clyde & Co, to discuss their ambitious net zero targets, sustainability initiatives and their journey towards ISO 14064 Carbon Verification.

You’ll learn

• What is Paddy Linighan’s role as CSO?
• Who are Clyde & Co?
• What are their net zero targets according to their responsible Business report?
• What sustainability initiatives have Clyde & Co introduced?
• Why get ISO 14064 verified?
• What were the challenges with obtaining ISO 14064 verification?
• What are the benefits of obtaining ISO 14064 Verification?

Resources

• Clyde & Co
• Clyde & Co Responsible Business report
• Carbonology

In this episode, we talk about:

[00:25] Episode Summary – We welcome today’s guest, Paddy Linighan, Chief Sustainability Officer at Clyde & Co, to dive into their responsible business report, discuss their net zero ambitions and journey towards ISO 14064 Carbon Verification.

[01:40] Introduction to Paddy: Paddy has 30 years experience in the legal sector, and was formerly the Chief Operating Officer for Clyde & Co before transitioning to the role of Chief Sustainability Officer. Paddy is also a Director at the Legal Sustainability Alliance, which is an association committed to supporting the legal sector to measure and manage their carbon emissions to achieve net zero.

One lesser-known fact is that Paddy was a Latin and ballroom dancer!

[02:30] Who are Clyde & Co? – They are a global law firm with 500 partners, 2700 lawyers and 3216 legal professionals across the world and operating out of 70 offices. They set out to help organisations successfully navigate risk and maximise the opportunity in the sectors that underpin global trade, namely insurance, aviation, marine construction, energy, trade and natural resources.

They offer a comprehensive range of contentious and non-contentious legal services and commercially minded legal advice to businesses operating across the world in seamless fashion.

Clyde & Co are committed to operating in a responsible way by progressing a diverse and inclusive workforce that reflects the communities and the clients it serves, and provides an environment in which hopefully everyone can realise their potential. They use their legal and professional skills to support communities through pro bono work, volunteering charitable partnerships, and minimisation of environmental impact through the pursuit of sustainability standards.

[04:25] What are some of the Net Zero targets highlighted in Clyde & Co’s responsible business report?

• Near term target: Reduce their scope 1 and scope 2 emissions by 80% by 2030 and scope 3 emissions by 50% by 2030.
• Long term target: Have a 90% reduction in emissions by 2038
•  Focused on decarbonizing their operations across the globe.

[06:25] What are some of the sustainability initiatives that Clyde & Co have started? All their initiatives can be broadly groups into 3 categories, but ultimately they seek to decarbonize their operations, address resource consumption and offset emissions where possible.

They found that 95% of their emissions reside in their scope 3, which is due to their supply chain. A few of their initiatives include rationalizing their supply chain to reduce the impact of purchasing goods and services.

They are also supporting their supply chain to measure and reduce their own emissions. Clyde & Co have also incorporated their sustainability requirements into their Procurement Process and Due Diligence Process.

One challenging area for a professional services business like Clydo & Co is sustainable business travel. They have adopted a global note on sustainable travel, which trickles down into regional travel policies. Working with travel management companies, they will implement those new policies, in addition to improving the quality of travel data collection and prioritisation of sustainability over cost.

Clyde & Co are also making the move to switch direct and in-direct consumption of fossil fuels to renewable energy in the heating and cooling of their buildings.

As of summer 2023, all UK offices were on 100% renewable energy! They aim to roll this out on a global scale, but understand that there are significant challenges with doing so.

[09:30] How did Clyde & Co celebrate Earth Day? They introduced climate change awareness training on Earth Day. It wasn’t mandatory in any way, and included the rolling out of several blogs and videos which were produced by AXA Climate School in Paris.

They ran these through Earth Day (April 22^nd) to World Environment Day (5^th June). Covering topics such as:

• Financial disclosures
• Plastic pollution
• Saving water
• Beekeeping
• Composting

This led to a campaign called ‘Zero as One’ which helped to create of a network of sustainable champions across their organisation, who help to further raise awareness and where there may be regional issues with reducing resource consumption and energy use.

This campaign has continued and is beginning to facilitate a structured, bespoke training programme for all Clyde & Co staff which covers climate awareness to climate competency. It will encourage people to think ‘How can I, as an individual, make a difference?’

[15:30] The Clyde & Co Community Forest – A 6.2 hectare plot of land is shared with 2 other community groups, and is not only being used for reforestation but also biodiversity, focusing on red squirrels in particular.

Getting this project set up included:

1. Gauging the appetite of colleagues: They offered increased level of refforestation for every response they had to their annual ‘Have your Say’ survey. For every response received, they would add 2 square metres of forest. So, 5000 people would give them a hectare.
2. It was a knowledge gathering exercise and experience of what a carbon offset project would look like.

They know that they’ll never be able to 100% decarbonise their operations, but they hope to get it down to 10% remaining emissions which can be offset with more projects like the community forest.

[19:35] What does Paddy think of the sustainability reporting regulatory requirements affecting the legal sector? Not only do lawyers have a key part to play in supporting and advising clients in relation to how they navigate towards a low carbon economy, but they are also a part of many businesses supply chain – meaning they would be included in scope 3 emissions for others.

Putting in the work at their end enables them to proactively help and assist clients with their emissions reduction and reporting.

The drive in this sector is mostly due to client demand.

[21:10] The increase in sustainability targets in North American companies: Paddy highlights that a recent report issued by Climate Impact Partners found that 79% of North American companies now have climate targets, which is up 6% on Asian companies and just shy of European companies.

61% of those North American companies report under ISO 14064.

[23:00] What were the drivers behind Clyde & Co getting ISO 14064 verified?:

High Transparency: They wanted to ensure that any disclosed information was reliable and that they’d had third-party verification to back that up, making them much more comfortable putting that information out into the public.

Financial Benefits: Sustainability and greenhouse gas emission reduction was a part of their main KPI’s to tackle, the main reason being to save money through not only the reduction in energy use but also reduced interest rates as a result of their sustainability efforts.

[25:20] What were the main challenges in obtaining ISO 14064 verification?: Clyde & Co are a large organisation, so gathering and quantifying the necessary emissions information was like getting blood from a stone!

Nearly 65 – 70 sites only have a small team of 5 people, and getting data from each can be time consuming.

Also, the quality of data can vary a great degree with that many sites, especially on a global scale as you need to consider the conversion factors when collating all the data into something verifiable.

[26:50] What impact has ISO 14064 verification had on Clyde & Co’s sustainability credentials?: Very simply, it validates Clyde & Co’s claims.

With the third-party assessment, it shows that they are actually doing what they say they’re doing, and not simply paying lip service.

[27:45] What were the main benefits of getting ISO 14064 verified?:

Helping to secure financial benefits: ISO 14064 verification is proof enough for banks to issue discounts on interest rates

Ease of process: The audit process introduced for ISO 14064 can be repeated as needed. As a result of getting verified, Clyde & Co found the exercise a good stress test for existing auditing procedures, and found a way to simplify them further.

Credibility: Third-party verification adds a level of credibility which is lacking from internal calculation alone.

[29:00] Paddy’s top tip for anyone considering ISO 14064 verification: Do not let perfection get in the way of progress.

They found that people can become a bit defensive in audits, trying to avoid errors being picked up, however, audits are meant to be constructive. They are opportunities to pick up on areas for improvement.

[30:40] Paddy’s book recommendation: The Ministry for the Future by Kim Stanley Robinson

[32:10] Paddy’s favourite quote: The greatest threat to our planet, is the belief that someone else will save it – Robert Swan OBE

If you would like to learn more about Clyde & Co, and their sustainability initiatives, visit their website.

To find out more about verification visit www.carbonologyhub.com

We’d love to hear your views and comments about the ISO Show, here’s how:

• Share the ISO Show on Twitter or Linkedin
• Leave an honest review on iTunes or Soundcloud. Your ratings and reviews really help and we read each one.

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Did you know that only a third of the emissions reductions required to achieve the country’s 2030 target are currently covered by credible plans?

As a result, we can expect to see more mandatory and voluntary regulations that require carbon emissions reporting to verify your ESG and net zero claims.

In this episode, Mel closes out the ESG Reporting Disclosures series by explaining what Corporate Sustainability Due Diligence Directive (CSDDD) is, it’s key emissions reporting requirements, the verification requirements and who qualifies for CSDDD.

You’ll learn

• What is CSRD?
• Key requirements of CSDDD
• Key emissions reporting requirements
• the emissions verification requirements for CSRD?
• Who qualifies for CSDDD?
• The likely impact of CSDDD

Resources

• Carbonology
• Carbonology LinkedIn
• Carbonology Instagram
• CSDDD

In this episode, we talk about:

[00:30] Join the isologyhub – To get access to a suite of ISO related tools, training and templates. Simply head on over to isologyhub.com to either sign-up or book a demo.

[02:10] Episode summary: Mel closes out the series on ESG reporting requirements by diving into CSDDD.

[03:10] What is CSDDD? – The Corporate Sustainability Due Diligence Directive (CSDDD) is a new EU directive that promotes sustainable and responsible corporate behaviour in companies’ operations and across their global value chains.

Purpose: It aims to promote sustainable business practices, protect human rights, and address environmental challenges.

The CSDDD was adopted by the European Commission on the 23rd of February 2022 and approved by the Council of the European Union on the 24th of May 2024. The new rules ensure that companies in scope identify and address adverse human rights and environmental impacts of their actions inside and outside Europe. The CSDDD is expected to start affecting companies from 2027 at the earliest once the directive has been transposed into national legislation.

[05:10] What are the key requirements of CSDDD?:

• Human rights due diligence: Companies must identify, prevent, and mitigate adverse human rights impacts within their value chains.
• Environmental due diligence: They must assess and manage risks related to climate change, biodiversity loss, and pollution.
• Disclosure obligations: Companies must disclose their due diligence processes, findings, and any remedial actions taken.

[06:20] What are the Emissions Reporting Requirements? Under the CSDDDD, companies are required to report on their greenhouse gas (GHG) emissions within a climate transition plan.

This includes considerations for Scope 1, 2 and 3. These were explained in more detail in a previous episode on CSRD, so go check that out if you want to learn more about the individual scope requirements.

What if you fit the requirements of both CSRD and CSDDD, do you have to double report on emissions? In short – No!

The climate transition plan required by the CSDDD will be reported within CSRD reporting, as organisations just need to adhere to the CSDDD’s implementation requirements for the transition plan.

[10:10] What are the Emissions Verification Requirements? More definitive guidance on verification requirements is expected closer to 2027. Companies will more than likely need to verify the emissions data reported through CSDDD, as the directive mandates a climate change transition plan that aligns with the Corporate Sustainability Reporting Directive (CSRD), which does require companies to verify their emissions data.

[09:55] Who qualifies for CSDDD? The Corporate Sustainability Due Diligence Directive (CSDDD) applies to both EU and non-EU companies depending on their workforce size and revenue:

EU and non-EU companies (or the ultimate parent company of a group):

• With more than 1,000 employees and a global net turnover of at least €450 million in the last fiscal year; or
• Which have franchising or licensing agreements in the EU in return for royalties with more than €22.5 million generated by royalties in the EU and have a net worldwide turnover of over €80 million in the last financial year.

[11:10] What is the possible impact of this new directive? Similar to the other ESG disclosures I’ve covered over the past few weeks in this series on reporting disclosures, the impact of the CSDDD will result in 3 key impacts:-

• Increased transparency: This directive will provide stakeholders with a clearer picture of companies’ sustainability efforts, to combat greenwashing.
• Enhanced accountability: Companies will be held accountable for their environmental and social performance.
• Stimulation of sustainable business practices: The directive will encourage companies to adopt more sustainable practices, including regular reporting.

If you would like to learn more about CSDDD or inquire about the related course, please get in touch with Carbonology.

We’d love to hear your views and comments about the ISO Show, here’s how:

• Share the ISO Show on Twitter or Linkedin
• Leave an honest review on iTunes or Soundcloud. Your ratings and reviews really help and we read each one.

Subscribe to keep up-to-date with our latest episodes:

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2030 is fast approaching and we’re already falling behind on our Net Zero targets, which will take a coordinated collective effort to get back on track.

As a result, businesses are coming under increasing pressure to monitor, report and reduce their energy use and carbon emissions to meet net zero targets.

This has led to an increase in both mandatory and voluntary regulations that require carbon emissions reporting to verify your net zero claims.

In this episode, Mel continues the ESG Reporting Disclosures series by explaining what the Corporate Sustainability Reporting Directive (CSRD) is, how it affects your emissions reporting, the verification requirements and who qualifies for CSRD.

You’ll learn

• What is CSRD?
• How will the CSRD affect your Emissions Reporting?
• What are the emissions verification requirements for CSRD?
• Who qualifies for ISSB S2?

Resources

• Carbonology
• Carbonology LinkedIn
• Carbonology Instagram
• CSRD

In this episode, we talk about:

[00:30] Join the isologyhub – To get access to a suite of ISO related tools, training and templates. Simply head on over to isologyhub.com to either sign-up or book a demo.

[02:10] Episode summary: Over the course of September, Mel will be exploring the latest climate change regulations that may affect your organisation. In this episode she dives into Corporate Sustainability Reporting Directive (CSRD).

[02:55] What is CSRD? – The Corporate Sustainability Reporting Directive (CSRD) is a new EU directive that modernises and strengthens the rules concerning the social and environmental information that companies have to report. It revises the 2014 Non-Financial Reporting Directive (NFRD), extends the scope of covered companies, and strengthens the reporting requirements.

The CSRD was formally adopted by the European Council on 28 November 2022.

The directive is transforming ESG reporting and will start affecting almost 50,000 companies from 2024 by expanding the scope to include all large companies, all companies listed on regulated markets, and non-EU companies with substantial activities in the EU. This includes non-EU companies with subsidiaries operating within the EU or those listed on EU regulated markets.

Many companies located both within and outside the EU will be affected during the CSRD’s phase-in period beginning in fiscal year 2024.

[05:10] How will the CSRD affect your Emissions Reporting?: Under the CSRD, companies are required to report on their greenhouse gas (GHG) emissions. This includes:

• Scope 1 Emissions: Direct emissions from owned or controlled sources. For example, emissions from combustion in owned or controlled boilers, furnaces, vehicles, etc.
• Scope 2 Emissions: Indirect emissions from the generation of purchased energy. This includes emissions from the production of electricity, steam, heating, and cooling consumed by the company.
• Significant Scope 3 Emissions: Other indirect emissions that occur in a company’s value chain. Companies are required to report on significant Scope 3 sources. This could include emissions from business travel, employee commuting, waste disposal, etc.

[07:10] What are the Emissions Verification Requirements? Under the CSRD, companies are required to have their reported GHG emissions data verified by an independent third party. The verification process ensures the accuracy and reliability of the reported information.

Verification options for CSRD include:

• Independent Verification: Companies must engage an accredited third-party verifier to audit and confirm the accuracy of their GHG emissions reports.
• Verification Standards: The verification must be conducted in accordance with recognised international standards, such as ISO 14064-3.
• Assurance Levels: The verification should provide a reasonable level of assurance that the emissions data is accurate and complete.
• Frequency of Verification: Verification is required on an annual basis to ensure ongoing accuracy and compliance with the CSRD.

[10:10] Who qualifies for CSRD? The Corporate Sustainability Reporting Directive (CSRD) applies to a broad range of companies based on the following criteria:

1. Companies listed on regulated markets in the EU (excluding listed micro-enterprises).
2. Large companies, classified as those meeting at least two of the following three conditions:
   • More than 250 employees.
   • A turnover of over €40 million.
   • Over €20 million in total assets.
3. Listed Small and Medium-sized Enterprises (SMEs), although there will be a transitional period when SMEs can opt out until 2028.
4. Non-EU companies with a net turnover of €150 million in the EU, and with at least one subsidiary or branch in the union.

If you would like to learn more about CSRD or inquire about the related course, please get in touch with Carbonology.

We’d love to hear your views and comments about the ISO Show, here’s how:

• Share the ISO Show on Twitter or Linkedin
• Leave an honest review on iTunes or Soundcloud. Your ratings and reviews really help and we read each one.

Subscribe to keep up-to-date with our latest episodes:

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There is a growing pressure on businesses to address their environmental impact, both from the Government as well as a more sustainably minded consumer base.

As a result, the need to carry out Greenhouse Gas (GHG) emissions reporting is being introduced as a mandatory requirement for tenders, and Government led initiatives such as Streamlined Energy and Carbon Reporting (SECR).  

Today Mel Blackmore will discuss Greenhouse Gas (GHG) emissions reporting, and how verifying GHG Statements in alignment with ISO 14064-1 can benefit your business.

You’ll learn

• Why is there a growing need to report on GHG emissions?
• What is the difference between certification and verification?
• What is ISO 14064-1?
• What are the benefits of ISO 14064-1?

Resources

• Carbonologyhub

In this episode, we talk about:

[00:30] Join the isologyhub – To get access to a suite of ISO related tools, training and templates. Simply head on over to isologyhub.com to either sign-up or book a demo.

[02:05] Episode summary: Mel will be discussing GHG emissions reporting, and why verifying your businesses GHG Statements in alignment with ISO 14064-1 is a smart move.     

[02:30] What’s the difference between Certification and Verification? – We covered this in detail on a previous episode, go back and listen to episode 162

[02:40] Why is there a growing need to address GHG emissions? – Climate change is a top concern for many. Consumers, investors and governments across the globe are all demanding greater transparency and accountability from businesses regarding their environmental impact. In particular, the carbon footprint a business claims to have.

[03:25] What is ISO 14064-1? – ISO 14064-1 is in internationally recognised Standard for quantification of Greenhouse Gas (GHG) emissions and removals at the organisational level.

In simple terms, this is the go-to Standard for businesses looking to calculate, verify and publish its carbon emissions.

[03:40] Benefit #1: Making compliance and reporting easier – Now, it’s important to note that the first time you go through this process will be like pulling teeth. You will need to do a fair bit of work initially, but once that’s set-up, it will make the necessary annual reporting a much easier process.

ISO 14064-1 verification ensures you are complying with applicable regulations such as SECR and the Governments requirement for a PPN 06/21 (within the UK).

If you are based in the UK, there is now Public Sector tendering requirement to identify what your carbon footprint is and make recommendations for reductions in the form of a Carbon Reduction Plan (CRP).

It can also help to streamline initiatives like the CDP (Carbon Disclosure Project) or EcoVardis.

[05:40] Benefit #2: Taking a deeper look at your emissions footprint – Verification is not simply just ticking a box, it’s about providing a clear picture of your organisations’ total GHG emissions.

Not just your CO2 emissions, ISO 14064-1 ensure you account for different types of emissions sources. This granular understanding will be crucial in identifying areas for improvement and developing an effective reduction strategy.

[06:25] Benefit #3: Providing Trust and Transparency – Having your report verified by am independent third-party adds a layer of credibility to your GHG reporting.

Anyone can just say their carbon emissions are X, but it’s another to have that backed up by a third-party. They can ensure your claims are true, correct and that there is a credible methodology behind it.

Stakeholders such as investors, consumers and regulators will then have the confidence that your emissions data is accurate and transparent.

Carbonology can assist you with the training resources needed to do this – so check out their website to learn more.

[07:30] Benefit #4: Pave a way for Carbon Reduction Strategies – We mentioned earlier about the requirement for a PPN 06/21, this requires a Carbon Reduction Plan (CRP).

Whether you create one based on a mandatory requirement or not, having a CRP is a no brainer for any business.

It helps you to understand your emissions, which is the first step towards reducing them. ISO 14064-1 verification lays the ground work for developing and implementing an effective CRP.

This can translate into significant cost savings and a competitive edge in the long run.

[08:30] Benefit #5: Embrace Mitigation – The verification goes beyond just cutting emissions. It supports mitigation actions like carbon removal projects, allowing you to demonstrate a holistic approach to tackling climate change year on year.

[08:50] Benefit #6: It’s a global Standard – ISO 14064-1 was created by over 140 representatives from over 50 countries globally to define exactly what greenhouse gas emission verification should look like.

While there are lots of other ways to achieve Net Zero, it makes more sense to choose an established route that will be recognised as best practice globally.

[10:25] Benefit #7: Tracking your progress – Verifying your GHG statements allows you to track progress over time.

This data is invaluable for communicating your achievements both internally and externally to key stakeholders about your drive towards net zero goals. It also helps to showcase your commitment to sustainability.

[11:00] Benefit #8: Participation in sustainability initiatives – Verification opens doors to participating in voluntary GHG registries and sustainability reporting initiatives.

This in turn will help to broaden your visibility as an organisation, amongst the environmentally conscious stakeholders that will be looking for credible sustainable businesses to work with or buy from.

[11:45] ISO 14064 is a no-brainer – It offers a significant strategic advantage and can help to demonstrate transparency with GHG reporting – something very sought after in the midst of a lot of green washing claims.

If you’d like assistance with ISO 14064-1, visit Carbonology’s website and get in contact, they’d be happy to help.

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Businesses looking to tackle their environmental impact will need to look at how they can reduce their carbon emissions and offset any remaining emissions to ensure that they reach Net Zero.

One of the most common ways businesses offset their emissions is through the purchasing of carbon credits that typically go towards planting trees or re-wilding.

However, there are a number of new emerging trends following on from the current commodification of nature, resulting in an attitude shift from businesses who are looking to get a lot more involved in the offsetting process.

We invited Luke Baldwin, Co-founder and CEO of Nature Broking, back onto the show to explain the latest trends in the carbon market.  

You’ll learn

• What are the latest trends in the carbon market?
• The importance of high integrity within carbon offsetting
• Looking for impactful solutions
• Why education around carbon offsetting is key for long-term sustainability commitment
• How buying carbon credits now can lead to significant savings

Resources

• Nature Broking
• Isologyhub

In this episode, we talk about:

[00:30] Join the isologyhub – To get access to a suite of ISO related tools, training and templates. Simply head on over to isologyhub.com to either sign-up or book a demo.

[02:05] Episode summary: Today Mel is joined by guest Luke Baldwin, Co-founder and CEO of Nature Broking, to discuss emerging trends in the carbon market that help businesses tackle their carbon offsetting.  

[02:50] What are the key trends in the Carbon Market  – As of 2024, Luke states the leading trends as:

• High Integrity
• Impactful solutions
• Education
• Purchase carbon credits now and save later

[04:10] High Integrity – There’s now a lot of carbon credits available and due to the nature of the unregulated carbon markets, it’s led to an increase in bad actors generating revenue in a bad way.

Once example of this is Kariba, a project in Zimbabwe that aimed to tackle deforestation, which was recently exposed in the Guardian and The New Yorker for having incorrect calculations. Credits purchased towards that programme were then called into questions and any associated companies were accused of greenwashing.

To avoid this, businesses are now putting a greater focus on high integrity solutions, which involves considerations such as:

• Are the credits durable? Will the carbon be stored long term?
• Are their significant CO2 benefits?
• Are the credits contributing anything besides just removing carbon? i.e. regenerative agriculture or woodland plantation

[06:20] Impactful Solutions: The carbon markets offers a lot of fantastic solutions and businesses are moving away from the quick commodification of those solutions, and are instead looking to really understand the impact of how they chose to offset their emissions.

It’s becoming more of a question of buying carbon credits that align with your values, whether this be social values or sustainability values.

They’re looking to invest in projects that will have a tangible outcome. Which is exactly what Nature Broking sets out to assist businesses with by tailoring bespoke solutions that adhere to their specific values.

[08:10] Education  – The need for more education around the carbon markets is crucial.

Luke remembers the quote “you can’t love what you don’t know”, which applies as how can a business truly invest in something that they don’t fully understand.

Sustainability is a mindset, and a cultural shift towards more sustainable practices starts with an education.

Carbonology uses an ISO framework, but also provide an education around the carbon reduction plan provided to inspire a mindset shift change towards sustainability.

[09:05] Blackmores experience – Blackmores have been implementing environmental and energy Standards for over 18 years, but it’s only been in recent years that we’ve seen a mindset shift in leadership towards sustainability.

While people may be aware of Standards such as ISO 14001 or B Corp, but may not be aware of other governance frameworks that can help businesses to manage their carbon footprint and carbon neutrality.

[10:20] Join the isologyhub – Don’t miss out on a suite of over 200+ ISO tools, templates and training, sign-up to become a member of the isologyhub  

[12:25] How can you make significant savings when purchasing carbon credits? – A lot of carbon solutions currently are very cost effective, in particualr forestry credits and carbon removal credits.

Some of the more technological ones such as direct air capture or bioenergy and carbon capture and storage can be more expensive now because the technology utilised is still so innovative and in it’s infancy. However, that will change in time.

 If you’re looking at building a carbon portfolio for your net zero journey, for example, say are going through a science based targets initiative and you’ve decided that you cannot avoid the 10% of remaining emissions your net zero journey and you need to buy carbon removals – you’re much better purchasing carbon removals now than in the future.

This is because there will be a supply shortage in future, especially when we see more enforced regulations come into play between 2030 and 2035. This will mean that the price of those carbon credits will rise significantly.

What may cost £20-£30 per tonne for carbon removal now may go up to anywhere between £100 – £150 per tonne!

So it’s worth investing in your carbon portfolio now, especially in the case of tree planting as those tress are going to take a while to grow and actually start storing carbon.

If you finance projects now, you will have already made an amazing impact from the start, and will potentially save yourself a lot of trouble and money in future by planning ahead.   

If You’d like to learn more about Nature Broking and their solutions, check out their website.

If you’d like to book a demo for the isologyhub, simply contact us and we’d be happy to give you a tour.

We’d love to hear your views and comments about the ISO Show, here’s how:

• Share the ISO Show on Twitter or Linkedin
• Leave an honest review on iTunes or Soundcloud. Your ratings and reviews really help and we read each one.

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This episode is the second of our 7-part mini-series explaining our Carbonology service, a 7 step methodology to help companies become Carbon Neutral.

We’re joined by our resident Carbonologist David Algar to talk through the second step of the Carbonology process, Quantify.

What does the Quantify Step entail?

Calculating your emissions : This will be carried out for Scope 1 2 and 3 emissions.

• Scope 1 refers to sources you own, and are direct emissions from combustion or fugitive emissions from systems that contain GHGs, so gases that have escaped from somewhere they shouldn’t have such as an AC system.
• Scope 2 are emissions from imported energy, this refers to electricity for most organisations but can also include steam, heating and cooling. For ISO 14064 and PAS 2060 you’ll need to quantify 100% of the Scope 1 and 2 emissions within boundaries
• Scope 3 refers to all other indirect emissions from sources you don’t own or necessarily have control over. For example business travel in vehicles your staff own. Scope 3 makes up the majority of emissions for most organisations and is generally more complex to gather data for.

What information do you need to quantify your emissions?

You’ll need to collect and process data. This can be:

• Activity or financial data on a specific source. Common examples include utilities bills, meter readings and expense reports for business travel or fright
• Interviews and surveys. For instance a survey to better understand how staff commute to work, or the proportion of staff that work from home.

Why is Transparency so important?

There are 6 key principles of ISO 14064, but one David is particularly mindful of is Transparency.

• Ultimately your work will be made publicly available, and not everyone may agree with your methods, but you’ll need to record all estimates, assumptions, exclusions, and uncertainties associated with your methods. As well as generally being good practice, being transparent allows the end user of the work you produce to make informed decisions with a reasonable degree of confidence.

So what’s the purpose of quantification?

As well as giving you a total footprint for a specific time period, calculating your carbon footprint will enable you to do a few things:

• Firstly you’ll be able to see what are the most emission-intense areas of your organisation, i.e. where the emissions are coming from, whether this is a specific location, or activity or even department

• Secondly, by using this information you will be able to prioritise the areas that need to have their emissions reduced. This will form the basis of your Carbon Footprint Management Plan which we will go into more detail on in the next few episodes.

What are the Outcome and Deliverables?

One outcome of this exercise is a GHG Inventory. This is a requirement of ISO 14064 and put simply, is a big list of categorised emission sources, and the specific GHGs they produce. Here you’ll also list all emission conversion factors you used to turn activity data into tonnes of specific GHGs.

Another useful outcome is that you’ll be able to instantly and credibly respond to any tenders that require you present green credentials. As we’ve mentioned in previous podcasts, in the UK it is now a requirement for most large public sector contracts for the tendering organisation to outline its emissions.

Being able to easily present your carbon footprint to a potential tender could help in winning new business, particularly if you’ve completed this in line with an international recognised standard

Join us next week as we move onto the next step, Commit.

If you need assistance with implementing ISO 14064, PAS 2060, or another standard – Contact us!

David Algar is also available for a free Carbonology consultation until the end of March – Book your slot Here

We’d love to hear your views and comments about the ISO Show, here’s how:

• Share the ISO Show on Twitter or Linkedin
• Leave an honest review on iTunes or Soundcloud. Your ratings and reviews really help and we read each one.

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