Sustainability now: Inside the GHG Protocol’s Scope 2 changes

A video of this podcast is available on YouTube, Spotify, or PwC’s website at viewpoint.pwc.com The GHG Protocol has released its long-awaited proposed updates to the Scope 2 Guidance. In this episode, we highlight the key changes in the exposure draft, including proposed revisions to location-based and market-based reporting, hourly matching, emission factor hierarchies, and more. We also explore what these developments could mean for companies and how stakeholders can participate in the revision process. In this episode, we discuss: 2:49 – Redefining the purpose for location-based and market-based reporting 5:33 – The importance of the decision-making criteria 6:56 – New emission factor hierarchy for location-based reporting 14:30 – Shift toward hourly matching in the market-based method 21:53 – Deliverability criteria and implications for renewable energy credits 26:19 – Residual mix and fossil-only defaults for unclaimed energy 32:45 – How companies can share feedback and next steps for the Scope 2 guidance For more on the GHG Protocol’s exposure draft, see our publication, GHG Protocol announces Scope 2 Public Consultation , which was updated to indicate that the public consultation deadline was extended to January 31, 2026. Check out our previous episodes for more on the GHG Protocol and GHG reporting: Sustainability now: Modernizing the GHG Protocol Sustainability now: Inside the GHG Protocol’s scope 3 update Sustainability now: GHG reporting trends and challenges Looking for the latest developments in sustainability reporting? Follow this podcast on your favorite podcast app and subscribe to our weekly newsletter to stay in the loop for the latest thought leadership on sustainability standards. About our guest Colin Powell is PwC Canada’s Technical Net Zero Leader. His work focuses on GHG quantification, life cycle assessment, target setting, and decarbonization strategies. He has helped companies measure over 1 billion tonnes of emissions and previously worked as a consultant supporting global clients in decarbonization. Colin sits on the GHG Protocol’s Scope 3 Working Group, helping shape updates to global standards. He is also a Professional Engineer (Ontario) with a PhD in wastewater treatment modeling. About our host Heather Horn is the PwC National Office Sustainability and Thought Leader, responsible for developing our communications strategy and conveying firm positions on accounting, financial reporting, and sustainability matters. In addition, she is part of PwC’s global sustainability leadership team, developing interpretive guidance and consulting with companies as they transition from voluntary to mandatory sustainability reporting. Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.