Coolset achieves TÜV Rheinland certification for GHG Protocol methodology

August 29, 2024
2
min read

Disclaimer: Latest EUDR developments

On 21 October, the European Commission proposed targeted changes to the EU Deforestation Regulation (EUDR). These adjustments aim to make the rollout smoother without changing the regulation’s overall goals.

Key points from the proposal:

  • The 30 December 2025 compliance deadline for large and medium operators remains unchanged.
  • Small and micro primary producers (such as farmers and foresters) may receive an extension until 30 December 2026.
  • A transition period from January to June 2026 is planned for large and medium companies, giving them time to adapt before formal checks and penalties begin.
  • New, simplified obligations are introduced for two groups: small and micro primary producers, and downstream operators (e.g. manufacturers, retailers).

Read the full explainer here.

In a significant milestone for sustainability reporting accuracy, we're proud to announce that our carbon management methodology has been certified by TÜV Rheinland for Scope 1-3 measurements according to the Greenhouse Gas Protocol (GHG Protocol).

As the sustainability landscape evolves and regulations tighten, companies face increasing pressure to provide accurate, reliable emissions data. The EU Corporate Sustainability Reporting Directive (CSRD) has raised the bar for sustainability reporting, demanding more detailed and standardized disclosures from nearly 71,000 EU companies starting in 2025.

Konstantinos Kouzelis, Coolset CEO, remarks, "In the rapidly growing carbon management space, there's a lot of noise from players adding lightweight features to check boxes. However, when it comes to public reporting or being audited, many solutions fall short, leading to significant publicity and compliance risks. We've always had the conviction that in the long term, product quality and a deep understanding of our problem space would prevail over large marketing budgets."

This certification underscores Coolset's commitment to providing robust, reliable solutions for companies navigating the complexities of sustainability reporting. Our methodology, now validated by one of the oldest and most rigorous global product auditing firms, ensures that our clients can confidently measure and report their Scope 1-3 emissions in full compliance with the GHG Protocol.

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Here's how our certified methodology helps our clients:

  1. Enhanced accuracy and reliability: Our methodology has been rigorously audited and approved by an independent third party, ensuring precise measurements across all three emission scopes. This provides our clients with a robust foundation for their sustainability reporting.
  2. Streamlined compliance: Coolset users can approach CSRD and other regulatory requirements with increased confidence. Our certified methodology significantly reduces the complexity and uncertainty often associated with sustainability compliance, especially when it comes to Scope 1-3 measurements.
  3. Mitigated reporting risks: By relying on our certified methodology, companies substantially reduce the likelihood of inaccurate reporting. This proactive approach helps safeguard against potential financial penalties and reputational damage from incomplete or inaccurate measurements.
  4. Competitive differentiation: As sustainability becomes increasingly important to stakeholders, having certified processes in place can set companies apart from competition in their industries. Not all measurements are equal.
"This certification is not just a badge of honor for Coolset, but a promise to our clients," adds Kouzelis. "It represents our ongoing commitment to excellence and our dedication to providing the most reliable, compliant solutions in the market."

As we continue to enhance our offerings, this certification will remain a cornerstone of our approach, ensuring that Coolset remains at the forefront of accurate, reliable sustainability management and reporting solutions.

For more information about Coolset's certified methodology and how it can benefit your company's sustainability efforts, please contact our team.

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