IFC launches greenhouse gas emissions inventory and reporting manual

The State Securities Commission of Vietnam (SSC), together with the IFC, has launched a manual on GHG emissions inventory and reporting.

The manual was developed with technical support from the IFC, the Swiss Federal Economic Commission, and the UK National Standards Agency in Vietnam in an attempt to support businesses and make it easier for them to document their GHG emissions.

This document comprises three parts, with the first providing general background information and related definitions.

The second section clarifies Vietnam’s regulations and standards, as well as the international equivalents that are in force related to GHG inventory and reporting.

The third part, and also the most critical, introduces the GHG inventory and reporting process. It outlines the key steps and required procedures.

There are brief introductions that define the scope and boundaries for the organisations, identifying the base year and sources of GHGs. Furthermore, it provides guides to identify measures that can be applied to reduce or eliminate emissions, and solutions to verify and assess the results.

SSC vice chairman Pham Hong Son said that the book is helpful for businesses when implementing legal regulations on information disclosure and sustainable development.

Son stated, “The promotion of green and sustainable finance is a long-term priority for the SSC. The commission has called for active participation among the business community and investors to create a sustainable foundation for green growth and development.”

“The handbook will also help businesses to determine and manage risks, while simultaneously identifying new business opportunities,” he said.

In 2022, the government publicised Decision No.01/2022/QD-TTG, clarifying a list of sectors and establishments that must create a GHG inventory.

Accompanying Decision 01 is a list of 1,900 enterprises that are required to declare their GHG emissions, divided into energy, transportation, construction, industrial processes, agriculture, forestry and land use, and waste.

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