#159 10 Reasons to use ISO 14068 Carbon Neutrality

Trying to achieve Carbon Neutrality can feel like a monumental task, especially with so many separate elements that you have to complete. From quantifying your data, reducing where possible and offsetting the remainder, it can be hard to keep track of it all with taking a structured approach.

Which is where ISO 14068 comes in. This is the new Standard for Climate Change Management, and it's specially designed to help businesses with the transition to Net Zero.

In this weeks' episode Mel explains 10 reasons why you should use ISO 14068 – the new Standard for Carbon Neutrality.

You'll learn

· What is ISO 14068?

· Why should you adopt ISO 14068?

· How can Carbonology Support you with ISO 14068?

Resources

● Carbonology

● Grab a copy of our Net Zero Planner

● ISO 14068

In this episode, we talk about:

[00:25] What is ISO 14068? – This is standard for Climate Change Management. If you'd like to find out more about the Standard, it's purpose and how it can prevent green washing, go back and watch our previous episode.

[00:55] Where to find more information – This podcast is based off BSI's most recent Publication on ISO 14068: 'Climate Change Management – Transition to Net Zero – Part 1: Carbon Neutrality (A BSI Executive Briefing).

You can download this from a recent blog on BSI's website.

[01:05] Reason 1: A structured approach – Mel found out firsthand from a recent EMEX event that people are looking for a structured approach to carbon neutrality.

ISO 14068 gives organisations a structured process for developing a detailed carbon neutrality management plan with short- and long-term targets.

[02:10] Reason 2: Quality - In contrast to unsubstantiated claims of neutrality, claims under ISO 14068 have to be based on all GHGs, take a lifecycle approach and can only be made after the development of long-term planning, with real GHG reductions in place, and offsetting restricted to residual emissions using high quality carbon credits.

[03:10] Reason 3: Credibility: Use of this internationally recognised standard can offer market benefits by increasing the credibility and verifiability of a product or organisational claim of carbon neutrality.

This Standard has been developed by international technical committees and subject matter experts across the globe, which gives it a lot more credibility in the eyes of Stakeholders. They will have confidence that claims are transparent and reliable from those who adopt ISO 14068.

[04:22] Reason 4: Global Recognition – A quick reminder - Those who have been listening to the ISO Show for a while now may remember our previous podcasts on PAS 2060 – the previous Standard for Carbon Neutrality. Companies will now have 2 years to transition to ISO 14068. We'll be doing a podcast on how to go about doing that in 2024!

Circling back to Global Recognition, ISO 14068 provides a common set of criteria for measuring and reporting carbon neutrality. This ensures consistency across different organizations and industries, underpins easer comparisons for carbon neutrality efforts between entities, allows stakeholders to assess and benchmark efforts, and supports global recognition for claims of carbon neutrality.

[05:30] Reason 5: Convenience – If you've already got other ISO's in place, good news! ISO 14068 is designed to work with other quantification standards such as ISO 14064 or other equivalents.

[05:55] Reason 6: Flexibility - ISO 14068 can be used by any sized organisation, in any country or sector. It can also be applied to whole organisations or individual products.

[05:55] Reason 7: Responsibility - The standard encourages organisations to take responsibility for minimising their own carbon footprint before paying third parties to offset their emissions.

We've seen in the past where people think just paying for carbon credits will work in the long-term – which just isn't sustainable. You should be looking to reduce as much as possible before moving onto the Offsetting stage.

[08:00] Reason 9: Risk Mitigation – Adopters of ISO 14068 will be in a strong position to manage current and emerging regulatory and market risks in relation to GHG emissions.

It's a competitive market place out there, with ESG requirements appearing more on tenders year on year. Many will now require you to prove your commitment to carbon neutrality, and it's become clear that we need Standards to be able to provide that evidence.

This is where ISO 14068 comes in, as you will have that proven methodology that you can then demonstrate to those stakeholders.

[09:30] Reason 10: Competitiveness – ISO 14068 demonstrates a commitment to climate action can also mitigate reputational risks and enhance brand value, market access and competitiveness

[10:30] Further Information – Our sister company, Carbonology, will be publishing more content around ISO 14068 in 2024. Check back on their website to find out more.

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