The GHG Protocol has been criticised for not including in its guiding principals the need for emission reports to be comparable across companies.[8] Nonetheless, it has become the de facto standard for corporate carbon footprinting thanks, in part, to organizers' persistent efforts to prevent competing standards from emerging.[9]
^"Corporate Standard". ghgprotocol.org. GHG Protocol, World Resources Institute, World Business Council for Sustainable Development. Retrieved 12 July 2023. provides requirements and guidance for companies and other organizations preparing a corporate-level GHG emissions inventory
^"The GHG Protocol: A corporate reporting and accounting standard (revised edition)". wbcsd.org. World Business Council for Sustainable Development. Retrieved 13 July 2023. The Greenhouse Gas Protocol Initiative is a multi-stakeholder partnership of businesses, non-governmental organizations (NGOs), governments, and others convened by the World Resources Institute (WRI), a U.S.-based environmental NGO, and the World Business Council for Sustainable Development (WBCSD), a Geneva-based coalition of 170 international companies.
^Kaplan, Robert S.; Ramanna, Karthik (12 April 2022). "We Need Better Carbon Accounting. Here's How to Get There". hbr.org; Harvard Business Review. Harvard University. Retrieved 12 July 2023. The authors' recent HBR article, "Accounting for Climate Change" (Nov-Dec 2021), noted how the current dominant system for carbon accounting, the GHG Protocol, misses this critical point by allowing companies to guestimate upstream and downstream emissions. To address this shortcoming, they introduced an E-liability accounting system, based on well-established practices from inventory and cost accounting,
