Emission reporting

 

Emissions are reported according to GHG Protocol, which provide the world’s most widely used greenhouse gas accounting standards. Greenhouse gas (GHG) emissions are divided into categories called “scopes.”

 

They are as follows:

Scope 1: direct GHG emissions

Scope 2: indirect GHG emissions from purchased electricity, heating and cooling

Scope 3: other indirect GHG emissions

 

Our focus on sustainability was recognized in 2019, when our Green Bond received the highest Dark Green rating by Cicero Green, a second opinion provider and subsidiary of a climate research institute. Among other things, they appreciated the utilization of existing buildings. This allows minimizing the emissions as less construction is needed. While continuous improvement is being done, currently there are still unavoidable emissions related to construction as well as in data center infrastructure, for instance batteries, electric switching and generators.

 

In 2022 Verne Global Finland’s total GHG emissions were 757,90 tCO2e. (scope 1: 2.8%, scope 2: 13,4%, scope 3: 83,7%)

 

South Pole Climate Neutral label

Our 2022 GHG accounting meets the standards necessary to qualify for the 2022/23 Climate Neutral Company label. Verne Global Finland offsets unavoidable direct and material indirect emissions.

 

South Pole’s Climate Neutrality labels

South Pole offers Climate Neutrality labels for companies, products and events. The South Pole Climate Neutrality labels are closely aligned with international standards such as PAS 20601 – the leading international standard for demonstrating carbon neutrality, developed in 2014 by the British Standards Institution. The underlying GHG accounting must follow recognized international standards such as the ‘GHG Protocol’2 or ISO 14064-13.The principles of relevance, completeness, consistency, transparency and accuracy of the ‘GHG Protocol’ provide the basis for achieving the Climate Neutrality labels. In addition, and in reflection of South Pole’s commitment to long-lasting impact, the South Pole labels also include the principles of ‘conservativeness and continuity’.

 

To achieve the Climate Neutrality labels, South Pole has outlined seven steps. A detailed description of the steps and the aforementioned principles is provided in the Technical Guidance for South Pole Climate Neutrality and Renewable Electricity Labels (available online).