Sustainability now: Modernizing the GHG Protocol

PwC's accounting podcast

A video of this podcast is available on YouTube, Spotify, or PwC’s website at viewpoint.pwc.com

In this episode, we take a closer look at the modernization of the Greenhouse Gas (GHG) Protocol and its implications for sustainability reporting with a member of the GHG Protocol’s Independent Standards Board, Paul Munter. Paul shares insights on the evolving governance structure, the newly released scope 2 guidance, and the growing importance of interoperability in global sustainability reporting.

In this episode, we discuss:

• 0:58 – What’s driving the modernization of GHG Protocol standards
• 3:31 – The governance model, including the role of the Independent Standards Board
• 9:06 – Highlights of the scope 2 public consultation and the importance of stakeholder feedback
• 17:46 – Interoperability with other sustainability reporting frameworks
• 21:36 – Updates under review for the Corporate Standard and the Scope 3 Standard
• 26:40 – What companies can be doing now to prepare for upcoming changes
• 32:27 – The role of boards and audit committees in overseeing emissions reporting

For more on the GHG Protocol’s recent exposure draft and the overall timeline for its revision process, check out our publication, GHG Protocol announces Scope 2 Public Consultation.

To explore additional insights on GHG reporting, see:

• Sustainability now: GHG reporting trends and challenges
• Sustainability now: Inside the GHG Protocol’s scope 3 update
• CARB releases draft emissions reporting template

About our guest

Paul Munter is currently a member of the Independent Standards Board of the Greenhouse Gas Protocol. He served as the Chief Accountant at the U.S. Securities and Exchange Commission from 2021 – 2025. During much of that time, he also served as Chair of the Monitoring Group and as Vice Chair and Chair of IOSCO’s Committee on Issuer Accounting, Audit and Disclosure. Prior to that, he served the SEC as Deputy Chief Accountant from 2019 - 2021, leading the Office of the Chief Accountant’s international work.

About our guest host

Diana Stoltzfus is a sustainability partner in the Professional Practice Group within the National Office. Diana helps to shape our firm’s perspective on regulatory matters, responses to rulemakings, and policy development and implementation related to significant new rules and regulations. Diana was previously the Deputy Chief Accountant in the Office of the Chief Accountant (OCA) of the Professional Practice Group in the OCA at the SEC. She focused on providing guidance related to auditing, independence, and internal controls.

Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to [email protected]

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챕터

1. Sustainability now: Modernizing the GHG Protocol (00:00:00)

2. What’s driving the modernization of GHG Protocol standards (00:00:58)

3. The governance model, including the role of the Independent Standards Board (00:03:31)

4. Highlights of the scope 2 public consultation and the importance of stakeholder feedback (00:09:06)

5. Interoperability with other sustainability reporting frameworks (00:17:46)

6. Updates under review for the Corporate Standard and the Scope 3 Standard (00:21:36)

7. What companies can be doing now to prepare for upcoming changes (00:26:40)

8. The role of boards and audit committees in overseeing emissions reporting (00:32:27)