The Institute recognise that while measurement remains a challenge the Greenhouse Gas Protocol (GHG Protocol) offers a widely accepted foundation and overarching framework that distinguishes between an organisation’s direct and indirect emissions, as well as the total emissions along its value chain from the manufacture and delivery of its products to their eventual disposal or recycling.
To address the application to the minerals sector, three notable institutions are collaborating together and have formed the ‘Materials Initiative’ working group. The objective of the working group is to engage stakeholders who are advancing calculation frameworks and methodologies. These institutes include:
- The MIT Center for Transportation & Logistics - Sustainable Supply Chains initiative,
- The Columbia Center for Sustainable Investment, and
- The Rocky Mountain Institute.
The group works collaboratively and intends to develop a certified joint carbon accounting framework built on the GHG Protocol and tailored to meet the needs of the minerals industry and its supply chain partners. The Institute argues that an accepted emissions calculations framework for the minerals industry is the first step in the journey toward carbon transparency that will be needed for consumers and investors to more accurately understand and further drive the decarbonisation of industrial sectors, including mining.3