Greenhouse Gas Reporting Verification

The goal of a low-carbon economy is to reduce the carbon footprint, and it is becoming vital for businesses to reduce their carbon footprint because climate risks are now considered equivalent to investment risks.

FOR COMPANIES that follow ESG principles (environmental, social, and governance responsibility); that use the platform and are assessed under the CDP rating as part of voluntary independent reporting; that issue carbon credits; and that assess the carbon footprint of their products.

Such companies need independent verification of their carbon footprint. They commission greenhouse gas emissions calculation verification services to review their calculations and confirm the independent status of their greenhouse gas reporting.

After this procedure, the company’s emissions report, or carbon footprint report, can be considered officially reliable and verified. Such a report is highly important in business communications with stakeholders globally and creates additional opportunities for entering international markets.

Support for the EPD verification process and its publication on an international platform:

• Support from an HPBS consultant during the EPD verification process.

• Carbon footprint certification in the European Union within the EPD framework.

• Review of the EPD declaration by an independent third party from the EU in accordance with ISO 14025.

• Publication of the EPD declaration on the international Environdec platform.

• Annual fee paid by the company publishing the EPD.

• A climate declaration as a supplement to the EPD.

Additional options include:

• Support during the review and defense of a product EPD before an EU verifier.

• Registration on the Eco-platform.org platform.

• Development and approval of product category rules (PCR) in the EU if such rules do not exist for the relevant product type.

• Consultations with an EU expert.

HPBS provides greenhouse gas verification services for various purposes, including:

1. Nonfinancial reporting for ESG ratings.

2. Product carbon footprint assessment.

3. Issuance of carbon credits.

4. Verification of Scope 1, Scope 2, and Scope 3 greenhouse gas emission calculations for the period under review (delivery time: 10 business days).

5. Verification of the volumes and sources of “green” energy actually supplied during the period under review (delivery time: 5 business days).

6. Preparation of an auditor’s opinion on nonfinancial information related to calculating emissions from energy consumption and emission offsetting measures through the supply of “green” energy (delivery time: 5 business days).

The verification process includes the following stages:

1. Emissions inventory and inspection of the facilities subject to verification.

2. Review of the company’s calculations.

3. Preparation of a report based on the verification results (verification opinion).