Improve the State of the World--A Quick Update
Just over a week ago, I blogged about some of the achievements of the World Economic Forum’s Logistics & Transport Industry Group, which has been taking a look at ways to respond to growing interest in product-level carbon reporting by major manufacturers and retailers.
I’m proud to now be able to say that the members of the Forum’s Logistics & Transport Industry Group – supported by an Accenture project team – have just signed off on the set of guidelines for consignment-level carbon reporting. The guidelines will help the sector to respond consistently and accurately to requests for emissions reporting from its manufacturing and retail customers and address topics such as defining the scope of emissions to report and how these emissions should be allocated in cases such as shared transport or backhaul.
These guidelines also complement broader product-level carbon reporting standards which are either already available, or are in development, including the GHG Protocol Life Cycle and Scope 3 Standards, which are expected to be released at the end of 2010.
This voluntary agreement on consistent reporting is a great way for firms to begin to compete on their environmental efficiency. I imagine there could be an increase in the number of firms adopting the guidelines as they become more widely known – as well as a likely adoption of similar approaches by other industries over time.
I certainly sense that the time for this is right, with the renewed interest in sustainability topics growing as the global economy comes out of recession.