| Requirements |
- Attested by a qualified party, e.g., a professional engineer, registered professional planner or specialized hydrologist or biologist (for natural infrastructure projects). See template provided in Annex E.
- Employs a risk management framework consistent with the ISO 31000 Risk Management standard (3.4.1):
- Identifies potential climate risks through consideration of relevant, quantitative climate data for both historic climate data and future climate projections.
- Evaluates climate risk – consequence, likelihood and asset vulnerability – for all significant risks identified,
- Provides a rationale for why any risks identified were deemed not significant.
- Identifies potential response measures for all risks identified as significant,
- Provides a rationale for why any measures were not implemented for significant risks
- Considers future climate projections for two or more GHG emission scenarios which are consistent with the expected life of the asset(s).
- Clearly describes the scope/boundaries and timescale of the assessment (3.2, 3.3)
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- Attested and conducted by a qualified professional (i.e., a professional engineer or a GHG accounting professional with suitable GHG quantification training or expertise related to the project). See the template provided in Annex B.
- Employs a methodology consistent with ISO-14064-2 and its principles
- Identifies the Baseline Scenario (2.5)
- Identifies all relevant emission sources and/or sinks (2.3)
- Quantifies (2.5):
- Baseline emissions – in 2030 and cumulative over project lifespan
- Project emissions – in 2030 and cumulative over project lifespan
- Overall increase or reduction – in 2030 and cumulative over project lifespan
- *Climate Change mitigation projects only* Federal cost per 2030 tonne
- Provides relevant calculations
- Identifies all relevant parameters and/or assumptions
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| Key principles and requirements considerations |
- Describes how principles specified in the Guidance were considered and/or followed (Annex F):
- Proportionate assessment
- Systemic analysis of risk
- Pursuit of multiple benefits
- Avoidance of unintended consequences
- Describes loss estimation/avoidance and return on investment information, if feasible
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- Identifies potential mitigation options
- Provides a full list of all sources and sinks considered and justification for inclusion/exclusion
- Identifies various baseline approaches and provide justification for inclusion/exclusion
- Provides quality assurance practices and refers to various supporting GHG guidance documents and methodologies
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