PSCF - Conundrum Cubed: Scope 3 For Financials

2024-07-09 05:10:00 ET

Summary

• Scope 3 emissions are uniquely difficult to measure and report on.
• Within Scope 3, Category 15 is widely seen as one of the most challenging categories.
• As financed emissions make up a huge proportion of financial institutions’ carbon footprints, these institutions face a series of hurdles.

By Mobi Shemfe & Jaakko Kooroshy

Measuring and disclosing Scope 3 emissions presents serious difficulties for corporates and investors alike, and Category 15 emissions are perhaps the most challenging of all. In this blog, we help you understand why.

A common question from clients and other stakeholders on our Scope 3 Conundrum report is why we omitted Category 15 emissions. The answer, in a nutshell, is that this category carries a unique set of conceptual and data challenges, that in many ways go beyond the already complex issues of other Scope 3 disclosures....

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