2023 is set to be a huge year for land-related emissions reporting, with SBTi requiring Forest, Land and Agriculture (FLAG) targets from April onwards, and the GHG Protocol releasing their official Land Sector and Removals guidance in the second half of the year. This article outlines what your company needs to know and do to stay ahead of the regulatory curve.
Companies that engage in land sector activities e.g., agricultural products (like those from livestock or crops), biofuels, chemicals with natural precursors, activities in mining, urban expansion/ infrastructure, amongst others.
For example, a yoghurt brand, which runs its own dairy farms; a food re-seller which sources beef from 3rd parties, and a shoemaker which sources its leather from farms, would all need to consider emissions generated from land use change and land management decisions.
Land-related emissions arise from agricultural, forestry and other land sector activities. This includes emissions arising from:
Accounting for and managing land-related emissions is essential for achieving global climate goals. It also provides a huge opportunity for companies to reduce and remove GHG’s from their own carbon footprint.
If your company has greater than 20% of gross emissions coming from Forest, Land or Agricultural (FLAG) sources across scopes 1, 2 and 3 they also must submit separate FLAG targets.
Additional relevant sectors may include retailing, packaging, tourism services, footwear, luxury goods, consumer durables etc.
If your company is starting to think about accounting for its land-related emissions, you can be ahead of the curve by being aware of some important dates, and thinking about how to measure land-based emissions.
GHG Protocol Land Sector and Removals Guidance
❓ The GHG protocol has not currently released the date from when GHG inventories will need to include Land Use reporting. It’s currently assumed to be required for baselines calculated following the date of the finalised guidance release.
Land Use Change (LUC)
Companies need to understand:
For purchased products, if this level of detail is not available, you should work to understand where these products are produced.
Companies need to understand
Land emissions are becoming increasingly important, both for companies’ GHG Inventory accounting, and for target setting. A proactive approach to understanding and measuring land-based emissions will prepare companies for incoming regulations, whilst improving their sustainability performance. To learn more about the practicalities of land use emissions measurement check out our podcast with Emily Boothroyd, lead researcher at Altruistiq into land-based emissions.
Altruistiq has been involved in the review process for the new GHG Protocol guidance. Our solution and processes are set up based on the most up-to-date guidance, so any changes in this area will be tracked and actioned accordingly.
Please get in touch if you want to know more about how your company can prepare for incoming land-related emissions regulations.
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