Conducting a Scope 1-3 Emissions Assessment

Introduction

Assessing and managing greenhouse gas (GHG) emissions across Scope 1, 2, and 3 is vital for companies committed to sustainability and reducing their environmental footprint.

Why Conduct a Scope 1-3 Emissions Assessment?

• Regulatory Compliance: Ensure compliance with local and international environmental regulations.
• Operational Efficiency: Identify opportunities to improve efficiency and reduce costs by minimizing energy use and waste.
• Stakeholder Trust: Enhance transparency and build trust with stakeholders, including customers, investors, and regulators.
• Risk Management: Mitigate risks associated with climate change and regulatory pressures.
• Competitive Advantage: Position your company as a leader in sustainability, attracting socially responsible investors and customers.

Understanding Scope 1, 2, and 3 Emissions

Scope 1: Direct Emissions

These are emissions from sources owned or controlled by your company, such as fuel combustion in company-owned vehicles and on-site manufacturing processes.

Scope 2: Indirect Emissions from Energy

These are emissions from the generation of purchased electricity, steam, heating, and cooling consumed by your company.

Scope 3: Other Indirect Emissions

These include all other indirect emissions that occur in your value chain, both upstream and downstream. Scope 3 emissions cover 15 categories, including purchased goods and services, business travel, and waste disposal.

Steps to Conduct a Scope 1-3 Emissions Assessment