ISO 14068-1:2023 is an international standard providing principles, requirements, and guidance for achieving and demonstrating carbon neutrality

 ISO 14068-1:2023 is an international standard providing principles, requirements, and guidance for achieving and demonstrating carbon neutrality. It focuses on a structured, credible approach to manage an organization's carbon footprint, emphasizing emission reductions and enhancements of GHG removals before resorting to offsetting for residual emissions. The standard promotes transparency, accountability, and a science-based approach to ensure credible and effective carbon neutrality efforts. 

Key aspects of ISO 14068-1:2023:

Hierarchical Approach:

Prioritizes direct and indirect GHG emission reductions and removal enhancements within the value chain before considering offsetting. 

Focus on Actions:

Emphasizes actual emission reductions and enhancements of GHG removals over compensatory measures. 

Transparency and Accountability:

Ensures that actions taken to achieve carbon neutrality are transparent, accountable, and science-based. 

Continuous Improvement:

Encourages ongoing improvement in GHG management and reporting practices. 

Broader Context:

Part of the ISO 14060 family of standards, which also includes ISO 14064-1 for quantifying and reporting organizational GHG emissions and ISO 14067 for calculating the carbon footprint of products. 

Framework for Achieving Carbon Neutrality:

Provides a comprehensive framework for organizations to manage their carbon footprint and demonstrate their commitment to carbon neutrality. 

Applicability:

Suitable for a wide range of organizations, including businesses, financial institutions, and insurance companies. 

Benefits:

Helps organizations achieve carbon neutrality, demonstrate their commitment to sustainability, and enhance market position and financial performance.