Business

Greenhouse gas emissions inventory and reporting manual launched

The State Securities Commission of Vietnam (SSC) in collaboration with the International Finance Corporation (IFC) held a ceremony in Hanoi on August 8 to launch a manual on greenhouse gas (GHG) emissions inventory and reporting.
Greenhouse gas emissions inventory and reporting manual launched ảnh 1A manual on greenhouse gas (GHG) emissions inventory and reporting is launched in a ceremony in Hanoi on August 8 (Photo: VNA) 

Hanoi (VNA) – The State SecuritiesCommission of Vietnam (SSC) in collaboration with the International FinanceCorporation (IFC) held a ceremony in Hanoi on August 8 to launch a manual on greenhouse gas (GHG) emissions inventory and reporting.

The manual was developed with technical support from the IFC, the Swiss Federal EconomicCommission (SECO) and the UK National Standards Agency (BSI) in Vietnam in anattempt to support businesses to make easier GHG emissions inventory and reporting while meeting legal requirements, towards net-zero emissions.

According to SSC Vice Chairman Pham Hong Son, the book is useful for businesses in implementing legal regulations on information disclosure about sustainable development.

The promotion of green and sustainable finance is along-term priority of the SSC. The commission has called for activeparticipation of the business community and investors in order to create asustainable foundation for green growth and sustainable development, he added.

Vietnam has achieved positive results in building asystem of legal documents governing sustainable finance, improving standardsof corporate governance and information disclosure associated with the Environmental, Social and Governance (ESG) criteria(a set of standards to measure factors relating to sustainable development andthe impact of businesses on the community), capacity building and raising awareness of both regulators and market participants, investors about green financial instruments and sustainable development.

Through training programs on GHG management andreporting, participants learned about the international context, causes andmechanisms of climate change, and sources of greenhouse gas emissions.

They were also guided on issuesand contents to be included in the report, as well as the process and way of reporting greenhouse gases according to ISO14064-1:2018.

ISO 14064-1:2018 specifies principles and requirements at the organisation level for quantification and reporting of greenhouse gas (GHG) emissions and removals. It includes requirements for the design, development, management, reporting and verification of an organisation's GHG inventory./.

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