Morrison & Foerster Discusses Proposed Changes to Greenhouse Gas Protocol Scope 2 Guidelines

Susan Mac Cormac, Krista deBoer and Alice Carli authored the article, “Morrison & Foerster Discusses Proposed Changes to Greenhouse Gas Protocol Scope 2 Guidelines,” for Columbia Law School’s Blog on Corporations and the Capital Markets. They explain how the World Resources Institute’s Greenhouse Gas Protocol, which is globally recognized standard in reporting carbon emissions, is proposing its first major update in over a decade by targeting Scope 2 emissions.

Some of the proposed changes outlined throughout the article involve imploring stricter physical matching which would lead to companies ensuring their clean energy purchases align both temporally and geographically with their consumption. Furthermore, another proposed change stated within the article mentions having new accounting options whereby enhanced alternatives would precisely measure the real-world impact of procurement decisions such as when and where clean energy is generated.

When looking at MoFo’s role they offer a legal lens to the technical changes, emphasizing the potential business impacts, compliance burdens and policy regulation. The article also discusses the proposed GHG protocol updates as a potentially game changing regarding how time and geography matching the real-world impact in turn becoming central metrics.

Read the full article.