Released in 2011 as a complement to the Corporate Standard, the Scope 3 Standard provides a method of accounting for emissions in a reporting company’s value chain. The Corporate Standard requires companies to account for direct GHG emissions from sources they own or control (Scope 1) as well as indirect GHG emissions associated with the generation of electricity, heating, cooling, or steam purchased for the companies’ own consumption that are a consequence of their operations but occur at sources they do not own or control (Scope 2). While reporting of Scope 1 and Scope 2 emissions is required under the Corporate Standard, reporting of Scope 3 emissions under that standard is voluntary. However, the Scope 3 Standard broadens the scope of reported GHG emission activities to include what the GHG Protocol Web site describes as “all of the emissions a company is responsible for outside of its own walls — from the goods it purchases to the disposal of the products it sells.”
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