The GHG Protocol Initiative is a multi-stakeholder partnership of businesses, non-governmental organisations (NGOs), governments, and others convened by the World Resources Institute (WRI), and the World Business Council for Sustainable Development (WBCSD). Launched in 1998, the initiative’s mission is to develop internationally accepted greenhouse gas (GHG) accounting and reporting standards for business and to promote their broad adoption worldwide.
The GHG Protocol is widely regarded as the standard for corporate GHG accounting and company reporting. From a carbon perspective, the protocol is analogous to the generally accepted financial accounting principles (GAAP) for a organisation’s normal accounting and reporting practices.
The GHG Protocol is the basis on which The Carbon Report measures and reports carbon footprints.