Assurance
Assurance is the level of confidence that the carbon emissions inventory is complete, accurate, consistent, transparent, relevant, and without material misstatements. Obtaining assurance for your inventory is valuable for reporting companies and other stakeholders when making decisions using the inventory results.
- Completeness: Account for and report on all GHG emission sources and activities within the inventory boundary. Disclose and justify any specific exclusions.
- Accuracy: Ensure that the quantification of GHG emissions is systematically neither over nor under actual emissions, as far as can be judged, and that uncertainties are reduced as far as practicable. Achieve sufficient accuracy to enable users to make decisions with reasonable confidence as to the integrity of the reported information.
- Consistency: Use consistent methodologies to allow for meaningful performance tracking of emissions over time. Transparently document any changes to the data, inventory boundary, methods, or any other relevant factors in the time series.
- Transparency: Address all relevant issues in a factual and coherent manner, based on a clear audit trail. Disclose any relevant assumptions and make appropriate references to the accounting and calculation methodologies and data sources used.
- Relevance: Ensure the GHG inventory appropriately reflects the GHG emissions of the company and serves the decision-making needs of users – both internal and external to the company.
Benefits of assurance
Assuring your carbon emissions inventory provides a variety of benefits, including:
- Increased senior management confidence in the reported information on which to base reduction targets and related decisions
- Enhanced internal accounting and reporting practices (e.g. data collection, calculation, and internal reporting systems), and facilitation of learning and knowledge transfer
- Improved efficiency in subsequent inventory update processes
- Greater stakeholder confidence in the reported information
Type of Assurance
First Party Assurance
Person(s) from within the reporting company, but independent of the GHG inventory process, conducts internal assurance
Third Party Assurance
Person(s) from an organization independent of the carbon emissions inventory process, conduct third party assurance
Find out more about our Third Party Assurance Services...
We achieved Carbon Neutrality for Scope 1 & 2 Emissions in 2020
We aim to achieve Net Zero for Scope 1, 2 & 3 Emissions in 2035
