GHG statements
GHG statements are a summary of net CO₂e removals for a given reporting period, submitted for verification in expectation of a credit issuance.
If a statement is verified, credits are issued by Isometric to a supplier in proportion to the total net CO₂e removal value associated with the statement. A portion of credits will also be split and allocated to a buffer pool to manage the risk of reversals or unattributed project emissions.
Creating a GHG statement
To create and submit a GHG statement:
Create removals
Before creating a GHG statement, ensure you have submitted data for the removals that the statement will cover.
Add a draft statement
In the GHG statements section of your project in Certify, click Create GHG statement.
Define your statement period
Add a start and end date for the current statement
The dates entered will define the removals included in this statement: ensure that the date range covers all the removals you wish to include.
Optionally add reporting period emissions
If you need to account for emissions associated with the statement reporting period, that are not currently allocated to removals or otherwise accounted for as Project emissions, you can add them under the Reporting period emissions tab.
Prepare your GHG statement report
Each batch of statement data should be accompanied by a written report for the reporting period. The report should be uploaded to a shared drive visible to your assigned verifier and Isometric team.
Submit statement
Click Submit GHG statement and enter the link to your statement report in the dialog.
Amending a GHG statement
Statements can be amended after they have been submitted. Amendments may be made by the supplier independently, or in response to issues raised by Isometric or a verifier.
If removal data is updated, a new statement version draft will be created and will need to be resubmitted. Historical statement versions are kept in order to maintain an auditable record.
On statement resubmission, a note can be provided outlining the key changes made in the new version.
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