PRODUCT

ISO 14067: regulates the definition of the Carbon Footprint of Product (CFP) or climate footprint of product. It is the quantification of greenhouse gas (GHG) emissions related to the entire life cycle of a product and it is expressed in terms of CO2e. It is therefore based on the Life Cycle Assessment (LCA), taking into account only the “global warming” impact category.

ORGANISATION

ISO 14064-1: regulates the development of organisation’ GHG inventories, which involves the evaluation of direct and significant indirect GHG emissions. The new regulatory approach, introduced by the ISO 14064-1:2018 standard, envisaged the expansion of the previous three “Scope” in six “Categories”, allowing for a more accurate description of the indirect emissions. The request to consider all significant indirect emissions increases the comparability of organissation’ GHG inventories and allows now the use of the term Carbon Footprint of Organisation (CFO).

EU ETS: The Emission Trading Scheme (ETS) developed by the European Union is the first international “cap and trade” market for the exchange of greenhouse gas (GHG) emissions shares produced by companies. The ETS Directive 2003/87 /EC and subsequent modifications and additions,  establishes the obligation to monitor, notify and return annual CO2 emission shares for plants falling within the scope of application.