GCX’s verification team is currently working on a GHG Inventory verification for global consulting firm Aurecon. For a company that spans over 25 countries with more than 80 offices, an audit of the group’s GHG inventory is no small feat.
In order to ensure that the verification process is fair and legitimate, GCX follows the processes, procedures and guidelines detailed in ISO14064-3: Specification with guidance for the validation and verification of greenhouse gas assertions.
The verification process involves the following key processes:
- Ensuring that the reporting standard followed is adhered to
- Ensuring that the method of calculation is fair, accurate and transparent
- Ensuring that all activity data (the non-financial data) used in the calculation is correct and accurate
- Ensuring that the GHG assertion is a fair representation of the company’s activities
Besides confirming a company’s GHG emissions inventory is accurate and complete, verification also adds credibility to a company’s sustainability reporting. Several membership organisations also require that member companies verify their GHG assertions, as is the case with Aurecon. Further, the Carbon Disclosure Project awards more points to reporting companies that have carried out GHG inventory verification, as this illustrates that they’ve taken care to avoid understating or overstating their GHG emissions impact.
Many of our client’s have expressed that our verification services add significant value. That’s because we go the extra mile – not only do we provide the client with a verification statement, but also a detailed report that outlines the timelines and findings and provides recommendations for future reporting.