Scope 3 Emissions

Until recently, companies have focused their attention on emissions from their own operations (scope 1 & scope 2). With the onset of directives such as the Corporate Sustainability Reporting Directive (CSRD), companies are now required to account for , among other things, GHG emissions along their value chains and product portfolios (scope 3) to comprehensively manage GHG-related risks and opportunities.

Scope 3 emissions can represent the largest source of emissions for companies and present the most significant opportunities to influence GHG reductions.

Developing a scope 3 inventory strengthens companies’ understanding of their value chain GHG emissions as a step towards effectively managing emissions-related risks and opportunities and reducing value chain GHG emissions.