The World Economic Forum (WEF) is developing carbon emissions reporting standards for logistics and transportation operations, and those could become reality in just three years. The WEF, a Swiss non-profit foundation, works to draft standards that ensure economic progress and social development with environmental sustainability in mind. New carbon emission guidelines recently endorsed by WEF’s governors at the organization’s recent annual meeting include principles for defining the scope of emissions to report and how these emissions should be allocated in cases such as shared transport or backhaul.

A new global framework for calculating consignment-level carbon emissions from logistics and transportation operations is taking shape under the auspices of the World Economic Forum (WEF). The standards, albeit still in draft form, could become a reality in as little as three years.

WEF is an independent, international organization incorporated as a Swiss not-for-profit foundation that aims to help foster what it calls “a world-class corporate governance system.” One of WEF’s core tenets is that economic progress without social development is not sustainable, while social development without economic progress is not feasible.

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