The Greenhouse Gas Protocol has developed the world's most widely used greenhouse gas accounting standards and guidance since launching in 1998 as a joint initiative of the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD). In this episode of the All Things Sustainable podcast, we unpack how GHG Protocol is now evolving — including updating its Scope 2 guidance and Scope 3 standard, launching a new 'actions and market instruments' standard, and working with other standard-setters to create harmonization — for example, announcing a partnership with the International Organization for Standardization (ISO) in 2025. "Historically, fragmentation in carbon accounting has been a huge problem," says Pankaj Bhatia, GHG Protocol Global Director at WRI and part of GHG Protocol's Secretariat. In the episode, Pankaj explains what's ahead for greenhouse gas accounting and reporting standards and how GHG Protocol is responding to stakeholder feedback from recent public consultations. "Climate change is not a siloed operational issue. It's a systemic issue," Pankaj tells us. "And if the problem is systemic, the accounting system must also be systemic." Explore company carbon disclosure practices in the S&P Global Corporate Sustainability Assessment Further reading: GHG Protocol Scope 2 Guidance public consultation: S&P Global Energy Horizons submitted response Contact: Lindsey.hall@spglobal.com Esther.whieldon@spglobal.com Copyright ©2026 by S&P Global DISCLAIMER By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. Any unauthorized use, facilitation or encouragement of a third party's unauthorized use (including without limitation copy, distribution, transmission or modification, use as part of generative artificial intelligence or for training any artificial intelligence models) of this Podcast or any related information is not permitted without S&P Global's prior consent subject to appropriate licensing and shall be deemed an infringement, violation, breach or contravention of the rights of S&P Global or any applicable third-party (including any copyright, trademark, patent, rights of privacy or publicity or any other proprietary rights). This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties. S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.