ISO 14064-3:2019 Verification of greenhouse gas statements

ISO 14064-3 is a standard developed by the International Organization for Standardization (ISO) that provides guidelines for the verification and validation of greenhouse gas (GHG) assertions. Specifically, ISO 14064-3 focuses on the validation and verification of GHG assertions for projects or activities.

An organization may choose to seek verification to ISO 14064-3 for several reasons:

1. Credibility and Transparency: Verification to ISO 14064-3 enhances the credibility and transparency of an organization's GHG emissions data. It demonstrates a commitment to accurately measuring and reporting greenhouse gas emissions associated with specific projects or activities.
2. Stakeholder Confidence: External stakeholders, such as customers, investors, regulators, and the general public, often value organizations that can provide independently verified information. Verification to ISO 14064-3 helps build stakeholder confidence in the accuracy and reliability of an organization's GHG emissions data.
3. Compliance: Some regulatory frameworks and industry standards may require or encourage organizations to undergo verification to ISO 14064-3 as part of their efforts to measure and report GHG emissions. Verification can help organizations demonstrate compliance with relevant environmental regulations and standards.
4. Risk Management: Verification helps organizations identify and manage risks related to their GHG emissions data. By ensuring the accuracy and reliability of emissions data, organizations can better understand their environmental impact and make informed decisions to mitigate risks associated with climate change.
5. Market Access and Competition: Some markets and industries may prioritize or require verified GHG emissions data. Having ISO 14064-3 verification can provide a competitive advantage, especially in sectors where environmental performance is a key consideration for customers and partners.
6. Continuous Improvement: The verification process encourages organizations to establish robust systems for measuring and reporting GHG emissions. It promotes a culture of continuous improvement by identifying opportunities to enhance data accuracy, measurement methodologies, and overall environmental performance.

In summary, verification to ISO 14064-3 is a process that organizations may choose to undergo to demonstrate their commitment to accurate and transparent measurement of greenhouse gas emissions.

Third-party verification of greenhouse gas statements is a best practice, especially for companies aiming to demonstrate credibility and transparency in their environmental commitments. While it may not be mandatory in all jurisdictions, it's highly recommended for companies seeking to enhance their reputation and stakeholder trust in their sustainability efforts.