ISO 14064
International standards for GHG quantification, reporting, verification
Australian Privacy Act
Australian federal law for personal information protection
Quick Verdict
ISO 14064 provides voluntary global standards for credible GHG accounting and verification, while Australian Privacy Act mandates privacy protections for personal data handling in Australia with strict penalties. Companies adopt ISO 14064 for market credibility; Privacy Act for legal compliance.
ISO 14064
ISO 14064 GHG quantification and reporting standards
Key Features
- Three-part modular structure for inventories, projects, verification
- Five core principles: relevance, completeness, consistency, transparency, accuracy
- Defines Scope 1-3 boundaries and emission sources
- Risk-based validation and verification processes
- Aligns with GHG Protocol for regulatory compatibility
Australian Privacy Act
Privacy Act 1988 (Cth)
Key Features
- 13 Australian Privacy Principles (APPs)
- Notifiable Data Breaches (NDB) scheme
- Reasonable steps for data security (APP 11)
- Cross-border disclosure accountability (APP 8)
- OAIC enforcement with high penalties
Detailed Analysis
A comprehensive look at the specific requirements, scope, and impact of each standard.
ISO 14064 Details
What It Is
ISO 14064 (Parts 1:2018, 2:2019, 3:2019) is an international standard family for greenhouse gas (GHG) quantification, reporting, and assurance. It offers a principle-based, modular framework for organizational inventories (Part 1), project reductions/removals (Part 2), and validation/verification (Part 3), emphasizing transparent, comparable GHG data.
Key Components
- Three interdependent parts covering full lifecycle from measurement to assurance.
- **Five core principlesrelevance, completeness, consistency, transparency, accuracy.
- Scopes 1-3 classification with detailed boundary guidance.
- Voluntary third-party assurance (limited/reasonable levels) via ISO 14064-3.
Why Organizations Use It
- Supports regulatory compliance (e.g., CSRD, SB-253, ETS).
- Enhances investor confidence and access to green finance.
- Drives operational improvements via hotspot identification.
- Builds stakeholder trust and reduces greenwashing risks.
Implementation Overview
- **Phased approachgovernance, boundary setting, data collection, verification.
- Suited for all sizes, especially GHG-intensive sectors globally.
- Typically 6-12 months initial, with ongoing PDCA integration.
Australian Privacy Act Details
What It Is
The Privacy Act 1988 (Cth) is Australia's primary federal privacy regulation, establishing baseline standards for handling personal information by government agencies and private sector organizations. Its principles-based approach regulates the full data lifecycle—collection, use, disclosure, security, and individual rights—balancing privacy protection with information flows.
Key Components
- 13 Australian Privacy Principles (APPs) as core requirements.
- Notifiable Data Breaches (NDB) scheme for mandatory reporting.
- Security (APP 11), cross-border (APP 8), and data quality rules.
- Enforced by OAIC via investigations, audits, and penalties up to AUD 50M.
Why Organizations Use It
- Legal compliance for entities over $3M turnover or handling sensitive data.
- Mitigates risks from breaches, fines, and reputational harm.
- Builds trust, enables data-driven operations, and supports cross-border business.
Implementation Overview
Phased approach: gap analysis, policy design, controls deployment, training, and audits. Applies to medium-large organizations in Australia; no certification but OAIC oversight required. (178 words)
Key Differences
| Aspect | ISO 14064 | Australian Privacy Act |
|---|---|---|
| Scope | GHG emissions quantification, reporting, verification | Personal information handling, security, breach notification |
| Industry | All sectors worldwide, organizations and projects | Australian entities over $3M turnover, health/finance focus |
| Nature | Voluntary international standard family | Mandatory federal legislation with civil penalties |
| Testing | Optional third-party validation/verification (ISO 14064-3) | OAIC investigations, audits, NDB assessments |
| Penalties | No legal penalties, loss of credibility/certification | Up to AUD 50M fines, civil penalties, enforcement |
Scope
Industry
Nature
Testing
Penalties
Frequently Asked Questions
Common questions about ISO 14064 and Australian Privacy Act
ISO 14064 FAQ
Australian Privacy Act FAQ
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