SMART FREIGHT CENTRE INTRODUCES AUDITABLE MARKET BASED MEASURES SPECIFICATION
Smart Freight Centre recently published the “Auditable Market Based Measures Specification for Logistics Emissions Reporting” (in short: MBM Specification) as its first normative, auditable document. Organizations can use the new specification to transparently and credibly report on their in-value chain, market-based activities. The MBM Specification is built on the Voluntary Market Based Measures Framework for Logistics Emissions Accounting and Reporting (MBM Framework). As a normative document, it enables third party verification of MBM Emissions Reports. Verification Bodies (VVBs) can apply for Approval under the expanded SFC Conformity Assessment Scheme. Once approved, they can offer verification services against the MBM Specification.
The MBM Specification provides organizations with an opportunity to transparently document, report and independently assure their in-value chain, market-based activities such as those enabled by a ‘book and claim’ chain of custody. With transport demand expected to double between now and 2050, decarbonization of freight transportation is crucial.
The key documents that are made available on the Smart Freight Center website library today are the MBM Specification and a template for Emissions Reports. The MBM Specification contains clear, transparent and auditable requirements for organizations who want to report on low emission transport activity conducted with low emission transportation solutions.
The MBM Specification can be downloaded here.