Transparent and consistent metrics are essential to track progress in the energy transition.
Companies need reliable ways to measure emissions, assess energy performance, and demonstrate impact. WBCSD supports businesses in navigating frameworks like the Science Based Targets Initiative (SBTi) for the power sector, Greenhouse Gas Protocol (GHG Protocol) Scope 2 and 3 impacting energy companies, and avoided emissions guidance for the energy sector, enabling credible reporting and informed decision-making for a decarbonized future.
The challenge
Despite the availability of frameworks, businesses face complexity and inconsistency in applying metrics across energy systems. Differences in Scope 2, Scope 3, and avoided emissions accounting, along with evolving standards in the power sector, create uncertainty. Companies struggle to compare performance, set targets, and report progress in a way that is both transparent and aligned with global climate goals.
The business case
Robust measurement and standardized reporting unlock value by improving operational insight, credibility with investors, and compliance with evolving regulations. Companies that adopt consistent metrics can identify emissions hotspots, optimize energy use, and quantify avoided emissions. This strengthens corporate reputation, drives efficiency, and positions businesses to capitalize on emerging low-carbon markets while demonstrating tangible contributions to climate targets.
The solution
WBCSD brings together corporate accounting practitioners and standard setters to clarify, harmonize, and apply metrics and standards for the energy transition. Through peer-to-peer learning, guidance, and practical approaches and tools, businesses can confidently measure GHGp Scope 2 and Scope 3, as well as avoided emissions, and align with SBTi power sector targets, to benchmark and disclose performance. This collective approach ensures credible reporting, informed strategy, and measurable contributions to a low-carbon energy system.
