OCE-B.08.C - Greenhouse Gas Emissions Reduction Progress
Does the company report progress on reducing its greenhouse gas emissions?
About the data
The WBA Ocean Benchmark measures and ranks the world's most influential companies on their efforts to halt and reverse nature loss in marine ecosystems, tracking how companies manage their impacts on ocean biodiversity, marine habitats, and the communities and workers dependent on healthy seas. The 2026 edition is WBA's first Ocean Benchmark, assessing 125 companies across key sectors dependent on oceans, including seafood, maritime transport, offshore wind energy, shipbuilding, port operations, apparel, and chemicals. Companies are assessed on 47 indicators across four measurement areas: governance, ecosystems and biodiversity, social responsibility, and core social indicators. The benchmark builds on WBA's Nature Benchmark and the former Seafood Stewardship Index, and its methodology was developed with input from more than 50 stakeholders including ocean communities, companies, scientists and civil society, with human rights and social impacts kept at its core alongside nature-specific concerns. More information can be found here.
Methodology
Food systems contribute to approximately a third of total global GHG emissions annually
(Crippa et al., 2021). Transforming food and land use systems is crucial to staying within the 1.5°C
temperature rise, as highlighted in the recent COP28 UAE Declaration on Sustainable Agriculture, Resilient Food Systems and Climate Action (FOLU, 2024). This indicator focuses on companies’
emissions reductions in line with a 1.5°C trajectory as recommended by the Paris Agreement. The
indicator is also aligned with the interim target of the Science Based Targets initiative (SBTi) to reduce
value chain GHG emissions by 50% by 2030 and by 90-95% by 2050, in accordance with sectoral
ambitions for 2030.
Research Guidance:
Companies are expected to disclose GHG emissions across relevant scopes and emissions categories, considering the sectoral context in which the company operates and its activity profile.The following conditions must be evaluated in order to properly score this element:
- GHG emissions from companies are reported at least on an annual basis.
- The company describes how its GHG emissions were calculated. o for real economy companies, the company mentions the GHG accounting standards it used, e.g. ISO 14064-1 or GHG Protocol. o financial institutions outline the methodology for calculating scopes 1, 2, and 3 emissions (including financed GHG emissions) and total footprint. This should include
- The company discloses its operational GHG emissions (scopes 1 and 2) as separate categories.
- The company specifies whether its reported scope 2 emissions are location-based and/or market-based. Companies belonging to electricity-intensive sectors shall report location-based scope 2 emissions and may also report market-based emissions. Companies in these sectors shall also report scope 3 category 3 emissions, which are associated with their electricity use.
- The company discloses its value chain (scope 3) emissions per category for all relevant scope 3 categories\* and provides a relevant rationale for any excluded category. The relevance is identified in terms of the GHG emissions categories that most contribute to the overall profile of total GHG emissions in which the company sits.
- For sectors for which non-CO2 emissions are significant, the company must report the CO2 equivalent (CO2eq) for all relevant GHG emissions.
- The company has its GHG inventory independently certified.
- Avoided emissions and carbon credits should be reported separately.**Attributes required**: Full emissions inventory, methodology for calculating emissions, andindependent verification of emissions disclosure.
(Crippa et al., 2021). Transforming food and land use systems is crucial to staying within the 1.5°C
temperature rise, as highlighted in the recent COP28 UAE Declaration on Sustainable Agriculture, Resilient Food Systems and Climate Action (FOLU, 2024). This indicator focuses on companies’
emissions reductions in line with a 1.5°C trajectory as recommended by the Paris Agreement. The
indicator is also aligned with the interim target of the Science Based Targets initiative (SBTi) to reduce
value chain GHG emissions by 50% by 2030 and by 90-95% by 2050, in accordance with sectoral
ambitions for 2030.
Research Guidance:
Companies are expected to disclose GHG emissions across relevant scopes and emissions categories, considering the sectoral context in which the company operates and its activity profile.The following conditions must be evaluated in order to properly score this element:
- GHG emissions from companies are reported at least on an annual basis.
- The company describes how its GHG emissions were calculated. o for real economy companies, the company mentions the GHG accounting standards it used, e.g. ISO 14064-1 or GHG Protocol. o financial institutions outline the methodology for calculating scopes 1, 2, and 3 emissions (including financed GHG emissions) and total footprint. This should include
- The company discloses its operational GHG emissions (scopes 1 and 2) as separate categories.
- The company specifies whether its reported scope 2 emissions are location-based and/or market-based. Companies belonging to electricity-intensive sectors shall report location-based scope 2 emissions and may also report market-based emissions. Companies in these sectors shall also report scope 3 category 3 emissions, which are associated with their electricity use.
- The company discloses its value chain (scope 3) emissions per category for all relevant scope 3 categories\* and provides a relevant rationale for any excluded category. The relevance is identified in terms of the GHG emissions categories that most contribute to the overall profile of total GHG emissions in which the company sits.
- For sectors for which non-CO2 emissions are significant, the company must report the CO2 equivalent (CO2eq) for all relevant GHG emissions.
- The company has its GHG inventory independently certified.
- Avoided emissions and carbon credits should be reported separately.**Attributes required**: Full emissions inventory, methodology for calculating emissions, andindependent verification of emissions disclosure.
License
Topics
Framework Mappings
Value Type
Category
Options
Yes
No
Assessment
Steward Assessed
Report Type
Aggregate Data Report