In a manner similar to its preparation of consolidated financial statements, a company is required to consolidate its operations1 for GHG emission reporting purposes. That is, a reporting company needs to determine what companies or assets (or portions thereof) contribute to its consolidated GHG emissions. This determination is referred to as the reporting company’s organizational boundary.
The Corporate Standard defines an operation as a “generic term used to denote any kind of business, irrespective of its organizational, governance, or legal structures. An operation can be a facility, subsidiary, affiliated company or other form of joint venture.”