The New Scope 2 Guidance, after four years of compilation by the World Resources Institute (WRI), was officially released by the end of January. The developed guidance is for use in conjunction with the Greenhouse Gas Protocol Corporate Standard in order to provide clearer calculation principles for calculating the purchased electricity and the emissions from energy and renewable energy.
The scope 2 emissions are resulted from purchased electricity, steam, heating and cooling. The rapid adoption of renewable energy and other changes in the energy market have left corporations uncertain about how to report their scope 2 emissions and how to measure emissions from their renewable energy purchases. The New Scope 2 Guidance amendment fixes that problem by giving corporations a common framework to account for their energy emissions whether from electricity contracts or instruments like renewable energy credits.