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With the rules for scope 2 emissions reporting up for review, and more renewable power plants coming online, 2026 might be a good year to look at your scope 2 emissions strategy
The Greenhouse Gas Protocol (GHGP) has recently closed its consultation on proposed amendments to Scope 2 emissions accounting, signalling a significant shift in how organisations may need to plan, measure and contract for electricity‑related emissions. With potential changes affecting both location‑based and market‑based methods — including the introduction of hourly matching — these updates could materially reshape how New Zealand organisations set and deliver on their Scope 2 emissions strategies.
Entities should understand the key proposed changes to scope 2 reporting and what this might mean for their emissions strategy:
- The proposed structure of the updated scope 2 reporting framework includes changes to both the location-based and market-based methods, as well as including some implementation measures to smooth any transition to a new reporting system.
- The forecast decline in the carbon intensity of New Zealand’s electricity grid provides important context for entities as they decide on their scope 2 emissions target and delivery strategy.
- While any changes agreed to the scope 2 standard are not expected to be in place until 2027, these proposed amendments are important for New Zealand organisations to consider in the near term.