With climate change posing an impending threat, the need for sustainable business practice has never been more critical. One of the most effective ways to contribute to environmental sustainability is through achieving carbon neutrality. As such, to provide a consistent and robust approach to measuring and verifying carbon neutrality, the British Standards Institution (BSI) developed the PAS 2060 standard.
In this blog, we will delve into PAS 2060 known as the standard for achieving and demonstrating carbon neutrality and the key components that makes it up:
What is PAS 2060?
The PAS (Publicly Available Specification) 2060 standard is a globally applicable and credible framework developed by the BSI. It provides a comprehensive set of requirements and guidelines for organisations and individuals to demonstrate their commitment to carbon neutrality. The standard aims to ensure consistency, transparency, and credibility in the quantification, reduction, and offsetting of greenhouse gas (GHG) emissions. It is applicable to various sectors, including businesses, governments, and non-profit organisations, as well as products, services, and events.
Overall, PAS 2060 not only helps in communicating an organisation’s commitment to carbon neutrality, but it also contributes to fulfilling the UK’s environmental goals and the global targets set by the Paris Agreement.
Key Components of PAS 2060
The PAS 2060 standard outlines a four-step process to achieving carbon neutrality:
The first step involves measuring the carbon footprint of an organisation, product, service, or event using the GHG Protocol Corporate Accounting and Reporting Standard, or the ISO 14064-1 standard. This process requires the identification of relevant GHG emissions, such as direct emissions from company-owned sources and indirect emissions from purchased electricity and other energy sources.
After identifying and quantifying the carbon footprint, the next step is to implement a Carbon Management Plan. This plan outlines the measures and targets set by the organisation to reduce its GHG emissions. The reduction measures can include energy efficiency improvements, renewable energy sourcing, and behavioural changes. That said, it is essential to monitor and review the progress of the Carbon Management Plan periodically.
After implementing the reduction measures, any remaining GHG emissions need to be offset using recognised and credible carbon credits. Carbon credits are generated from projects that reduce, remove, or prevent GHG emissions, such as renewable energy projects, afforestation, or clean cookstove initiatives. It is essential to ensure that the selected carbon credits are credible, verified, and meet the quality criteria defined by the PAS 2060 standard.
The final step is to declare carbon neutrality by documenting the achievement and making it publicly available. The declaration should include information on the quantification, reduction, and offsetting of GHG emissions, along with the relevant timeframes and supporting evidence. It is recommended that the declaration be verified by an independent third party to ensure credibility and transparency.
The PAS 2060 standard for demonstrating carbon neutrality offers a consistent and credible approach to measuring, reducing, and offsetting GHG emissions. By adopting this standard, businesses can demonstrate their commitment to sustainability and contribute to the UK’s environmental goals and global climate change targets. With the increasing urgency to address climate change, now is the time to consider adopting the PAS 2060 standard and working towards carbon neutrality.
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