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.

ORGANIZATION

ISO 14064-1: regulates the development of GHG inventories of organization, which requires the quantification and the reporting of direct and significant indirect GHG emissions. The new regulatory approach leads to the extension of the previous three “Scopes” into six GHG emission “Categories”, leading to a more accurate description of indirect emissions. The request to consider all significant indirect emissions increases the comparability of GHG inventories of organization and now allows the use of the term Carbon Footprint of Organization (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.