The aviation industry is a major contributor to greenhouse gas emissions, accounting for approximately 2-3% of global emissions. In an effort to address this issue, the Rocky Mountain Institute (RMI) has partnered with five global banks to develop the Pegasus Guidelines, a new standard for emissions measurement and reporting in the aviation sector.
The Pegasus Guidelines aim to provide a consistent and transparent framework for measuring and reporting greenhouse gas emissions from aviation activities. This will enable stakeholders, including investors, regulators, and the public, to better understand the environmental impact of the aviation industry and track progress towards emissions reduction goals.
The guidelines cover a range of emissions sources, including aircraft operations, ground handling, and airport infrastructure. They also provide guidance on data collection, calculation methodologies, and reporting requirements to ensure accuracy and consistency in emissions reporting.
One of the key features of the Pegasus Guidelines is the inclusion of Scope 3 emissions, which are indirect emissions that occur as a result of an organization’s activities but are not directly owned or controlled by the organization. This is a significant step forward in emissions reporting for the aviation sector, as Scope 3 emissions can account for a significant portion of total emissions.
The five global banks involved in the development of the Pegasus Guidelines – BNP Paribas, Citi, Itaú Unibanco, Société Générale, and Standard Chartered – have committed to implementing the guidelines within their own operations and encouraging their clients in the aviation sector to do the same. This will help drive adoption of the guidelines across the industry and promote greater transparency and accountability in emissions reporting.
Overall, the Pegasus Guidelines represent a significant step forward in addressing greenhouse gas emissions from the aviation sector. By providing a standardized framework for measuring and reporting emissions, the guidelines will help stakeholders make informed decisions about the environmental impact of aviation activities and drive progress towards a more sustainable aviation industry.
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- Source: https://zephyrnet.com/rmi-5-global-banks-launch-the-pegasus-guidelines-a-voluntary-emissions-measurement-reporting-standard-for-the-aviation-sector-cleantechnica/