Chapter Zero, the Directors’ Climate Forum, members are saying that one of the most complex parts of setting robust net-zero targets is addressing Scope 3 emissions. For many businesses, this accounts for more than 70% of their carbon footprint.
Companies are increasingly getting to grips with Scopes 1 and 2, but many are still struggling with Scope 3. As a NED, how can you help and encourage your company to deal with this challenge?
Knowing where your company’s emissions are made is an important step in setting robust and measurable targets. Chapter Zero explain Scope emissions and how to define them.
What emissions are my company responsible for?
The far-reaching impacts of corporate activity mean that companies influence a wide range of greenhouse gas (‘GHG’) emitting activities across their value chain, many of which are not obviously related to a company’s primary business.
To help companies define the boundaries of the greenhouse gas emissions they are responsible for, the World Resources Institute Greenhouse Gas Protocol has defined three categories: Scope 1, Scope 2, and Scope 3. The GHG Protocol categorises emissions based on how directly they relate to a company’s activities. The Scopes also reflect how much control a company has over certain types of emissions.
To read more please click on this link which takes you to where scope emissions are explained.