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3.4 Greenhouse gas emissions

Companies are encouraged to disclose greenhouse gas (GHG) emissions in alignment with existing leading disclosure standards. Where feasible, the multistakeholder group is encouraged to request disaggregated disclosures

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Principles to determine emissions scope in EITI

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It should add genuine value, beyond reporting scopes which already exist.

It should be within the mandate and spirit of EITI – aiming to improve governance at the national level by increasing transparency and convening insight around data sets.

It should have relatively low reporting burden – MSGs and companies are already near the limits of capacity.

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Proposed Reporting Scope

Project Level Scope 1 and 2 emissions under GHG Protocol falling within host country jurisdiction.

National-level view and use cases
Not covered by any existing corporate reporting
Low reporting burden

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Project Level Emissions Data: classes of use case

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Use cases – example project data needed

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Argentina: $100s millions cash flows in play from methane abatement.

Indonesia: $20 billion committed to Just Energy Transition.

Guinea, Mauritania: CRM revenues subject to EU’s CBAM

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National Use Cases: Baseline data

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Highlights of current corporate reporting

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Reporting standards reviewed: IFRS, SASB, GRI, CDP; Current and pipeline regulation: SEC, EU (CBAM, Methane, CRM, CSRD); voluntary initiatives (Oil Decarbonisation Charter, IMEO, OGCI)

Little-to-no project-level data published: four cases among 12 major OG and mining companies reporting into 60+ platforms.

Project-level data already captured by majors: e.g. CDP, GBA.

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EITI Emissions Reporting: coming months

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Consult to any interested NC / MSG to specify potential use cases (60 minute call, June / July).

EITI MSGs: confirm interest, research use cases.

Data collection: against specified template (Sep-Nov)