The EO100™ Standard for Responsible Energy Development is 1 of 24 initiatives that are analyzed in-depth in the Highwood voluntary Emissions Reduction Initiatives Report 2022. Download the full report here.
The EO100™ Standard has existed for a decade and points to its inclusion of the entire spectrum of assurance against broad environmental, social, and governance (ESG) performance. Having recently formed a partnership with MiQ, Equitable Origin asserts that EO100™ and MiQ Standards are the only standard that are:
- Independent – Audited against by an independent third-party organization
- Transparent – publicly available standards and full stakeholder engagement in development
- Technology neutral – support a wide range of technologies for methane measurement
- Asset level scope – No allowance for partial certification within a geographical boundary/basin
- Free from conflicts of interest
Current participants with the EO100™ are focused on the upstream segments of the value chain. With numerous midstream operators looking to become certified, EO100™ is developing the Transmission and Storage Technical Supplement to its standards.
There is also engagement from the buyers’ end – a growing number of local distribution companies in Canada and the United States purchase and support independently certified natural gas. There is considerable interest in buyers knowing the carbon intensity of the supply chain that they are supporting. Through the EO100 certification process, the EO100™ Standard enables this mechanism through a new GHG intensity reporting performance target that includes a consistent methodology in which all certified sites will be reporting against each segment of the value chain they operate.
EO prides itself on having helped many certified companies with their sustainability reporting and internal and external communications. Many of these companies have sold their gas at premium prices in the marketplace, a key driver of interest in the certification program.
Initiative Analysis
| Initiative Type | Certification |
| Inception | 2012 (updated December 2021) |
| Geographic coverage | Global |
| Reporting Disclosure | *Level 4 C |
| Public Disclosure | *Level 4 |
| Initiative Transparency | *Level 4 |
| Measurement of performance | Complete ESG performance |
| Methane measurement requirements | Not required for certification but the highest performance level requires OGMP 2.0 participation. |
| Emissions quantification | GHG Protocol Corporate Value Chain (Scope 3), NGSI Methane Emissions Intensity Protocol, Level 5 under OGMP |
| Level of Engagement | 23 companies with certification or undergoing certification. 9 certified sites with 8bcf/day certified |
| Sector applicability | Production, Gathering and Boosting, Processing |
| Coverage | Global |
| Emissions Quantification | Scope 1,2,3 |
*To learn more about the disclosure definitions and reporting levels please Download the full report here.
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