Regulatory Frameworks & Compliance Flashcards

Which international standard sets out requirements for bodies that validate and verify greenhouse gas statements?

Answer: ISO 14065

ISO 14065 sets the requirements for GHG validation and verification bodies and is used as the basis for their accreditation.

Which part of ISO 14064 gives the specification and guidance for validating and verifying GHG statements?

Answer: ISO 14064-3

ISO 14064-3 covers validation and verification; Part 1 covers organizational inventories and Part 2 covers projects.

Which ISO standard sets competence requirements for individual GHG validation and verification team members?

Answer: ISO 14066

ISO 14066 sets the competence requirements for GHG validation and verification teams.

California SB 253 (Climate Corporate Data Accountability Act) applies to US entities doing business in California with total annual revenues above what amount?

Answer: $1 billion

SB 253 requires Scope 1, 2, and 3 emissions disclosure from entities with more than $1 billion in annual revenue that do business in California.

Under SB 253, what level of assurance is initially required for Scope 1 and Scope 2 emissions disclosures?

Answer: Limited assurance

SB 253 starts with limited assurance for Scope 1 and 2 and moves to reasonable assurance later in the decade.

In the United States, which organization commonly accredits GHG validation/verification bodies to ISO 14065?

Answer: ANAB (ANSI National Accreditation Board)

ANAB is the main US accreditation body for ISO 14065 GHG validation/verification bodies.

California SB 261 requires covered entities to publish what type of report every two years?

Answer: A climate-related financial risk report

SB 261 requires entities with more than $500 million in revenue to disclose climate-related financial risk and the steps they are taking to reduce it, every two years.