Launch of the GHG Protocol Product Life Cycle and Corporate Value Chain Standards
On Tuesday, October 4th the GHG Protocol launched the new Product Life Cycle and Corporate Value Chain Standards with events in New York City and London. The standards were developed through a three year global multi-stakeholders process that included more than 2,300 participants and were road-tested by 60 companies in 17 countries.
- The Corporate Value Chain Standard is the first standard companies can use to assess their full scope 3 emissions up and down the value chain and identify the most cost-effective ways to reduce emissions.
- The Product Life Cycle Standard enables companies to measure the greenhouse gas emissions of an individual product all the way from raw materials through use and disposal, and identify opportunities to increase efficiencies, improve product design, remove risks, and achieve emissions reductions.
Here’s a new animation video that explains how both standards work :