GHG Emissions Accounting and Reporting for Transport

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - Enhancing alignment and strengthening implementation of transport emissions accounting and reporting standards are crucial, prioritizing these over creating new frameworks [40] - The transport sector contributes significantly to greenhouse gas (GHG) emissions, making it vital to decarbonize [42] - The report emphasizes the need for transparent, high-quality, and verified data for GHG emissions accounting and reporting [41] Summary by Sections Executive Summary - Established standards and methodologies for transport GHG emissions accounting and reporting already exist, and policymakers should integrate these into current or new initiatives [40] - GHG emissions accounting and reporting concerns companies of all sizes, and support for SMEs is essential [40] - The report outlines the importance of data quality standards and accreditation processes for effective emissions accounting [41] Understanding Greenhouse Gas Emissions Accounting and Reporting for Transport - GHG emissions from the transport sector are one of the fastest-growing sources of global emissions, necessitating effective calculation and reporting methodologies [52] - The report aims to assess the current state of GHG accounting and reporting practices in the transport sector and identify key challenges [53] Methodologies and Standards for Greenhouse Gas Emissions Accounting - Established methods and standards for accounting GHG emissions of transport have been developed over the past two decades [68] - The two leading global anchor points for GHG accounting and reporting are the ISO 14000 series and the GHG Protocol's frameworks [69][70] Financial Implications of Climate Risk in the Transport Sector - The transport sector is particularly vulnerable to climate-related financial risks, which can impact profitability and creditworthiness [63] - Companies that proactively address their product carbon and corporate carbon footprints will be better positioned to meet future regulatory requirements [62] Top Recommendations - Accelerate further alignment of different standards and methodologies to ISO 14083 to support international cooperation [48] - Deepen collaboration between existing initiatives to optimize the efficiency and effectiveness of transport GHG emissions accounting and reporting [48] - Adopt data quality and sharing standards to support efficient, standardized, and transparent GHG emissions accounting [49]