GHG Accounting and Verification Unit 6

Which of the following is NOT a part of the ISO 14064 standard?

• Organizational-level quantification of GHG emissions

• Verification of GHG assertions

• Marketing strategies for carbon credits

• Quantification of emission reductions from project activities

The GHG Protocol was developed by:

• United Nations

• World Resources Institute (WRI) and World Business Council for Sustainable Development (WBCSD)

• International Panel on Climate Change (IPCC)

• Environmental Protection Agency (EPA)

The GHG Protocol is the most widely used standard globally for GHG accounting and verification.

• False

• True

Which of the following frameworks focuses on climate-related financial disclosures?

• CDP

• TCFD

• ISO 14064

• EPA Protocol

What is the purpose of establishing verification parameters in GHG reporting?

• To define the scope, cost, and objectives of the project, ensuring both the company and verifier agree on the expectations.

• To define the work, level of review, and objectives of the activity, ensuring both the company and verifier agree on the expectations.

• To define the scope, level of assurance, and objectives of the verification, ensuring both the company and verifier agree on the expectations.

Materiality only considers numerical thresholds and never involves professional judgment.

• True

• False

• Maybe

Which of the following is not a factor in site selection for verification?

• Risk of material data misstatement

• Complexity of data collection

• Site’s contribution to total GHG emissions

• Availability of refreshments

Which of the following statements is true about the GHG Protocol?

• It is only applicable in Europe.

• It does not address supply chain emissions.

• t serves as the foundation for many national and international GHG standards.

• It replaces ISO 14064.

Verification can only happen after GHG data has been finalized and reported.

• True

• False

What is the benefit of ongoing internal verification before final reporting?

• Increases internal costs unnecessarily

• Identifies and resolves data issues early, improving public disclosure quality

• Delays the final reporting process

• Avoids the need for third-party verification