The World Resources Institute and the World Business Council for Sustainable Development have launched a comprehensive stakeholder process for developing frameworks for assessing product and value-chain related greenhouse gas emissions. Development of the standard will take two years and is based on the previously introduced GHG Protocol for assessing corporate greenhouse gas emissions.
The first meeting of the Steering Committees took place 10 September 2008 in Washington, D.C., and defined the basic objectives and prepared the groundwork for the Technical Working Groups.