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Sustainability Command Center 15 items

Renewable Energy Procurement (RECs & PPAs) Checklist

Evaluate renewable electricity procurement strategies including RECs, PPAs, and green tariffs to support credible market-based Scope 2 and RE100 claims.

GHG Protocol Scope 2 GuidanceRE100Greenhouse Gas Protocol

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Load Profile & Strategy

  • Has the organization quantified its total electricity load and consumption profile by site? *
  • Has a renewable electricity target with a target year been established? *
  • Has a procurement strategy across instruments (unbundled RECs, PPAs, green tariffs, on-site) been defined? *
  • Are procurement decisions aligned with the geographic and temporal boundaries of consumption? *

Instrument Quality & Attributes

  • Do energy attribute certificates meet the GHG Protocol Scope 2 quality criteria? *
  • Are certificates only used once, retired, and claimed exclusively (no double counting)? *
  • Are certificates as close as possible to the period of consumption (vintage)? *
  • Is additionality considered for PPAs and long-term contracts? *

Contract Structure (PPAs)

  • Is the PPA structure (physical, virtual/financial, sleeved) documented and understood? *
  • Have financial risks such as basis risk and settlement mechanics been assessed? *
  • Is ownership and retirement of the associated RECs/GOs contractually secured? *

Accounting & Reporting

  • Is market-based Scope 2 calculated using the procured instruments and supplier-specific factors? *
  • Are both location-based and market-based Scope 2 results reported? *
  • Are renewable energy claims documented to withstand third-party assurance? *
  • Enter the percentage of electricity sourced from renewables for the reporting year.

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