Innovation in Compliance - Supply Chain and ESG - What You Need to Know: Episode 4 - Scope 3 Emissions Reporting Strategy with Devin O’Herron and Jared Connors

Thomas Fox - Compliance Evangelist
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In part 4 of the Supply Chain and ESG – What You Need to Know series, Tom Fox is joined by Devin O’Herron and Jared Connors of Assent to discuss Scope 3 emissions reporting as the key to disclosure success and the importance of accounting for Scope 3 in your emissions strategy.

There are three scope levels within the emissions reporting strategy: Scope 1 refers to things like your vehicle or things you’re doing around your facility; Scope 2 See more +

In part 4 of the Supply Chain and ESG – What You Need to Know series, Tom Fox is joined by Devin O’Herron and Jared Connors of Assent to discuss Scope 3 emissions reporting as the key to disclosure success and the importance of accounting for Scope 3 in your emissions strategy.

There are three scope levels within the emissions reporting strategy: Scope 1 refers to things like your vehicle or things you’re doing around your facility; Scope 2 is the purchased heat or electricity powering your facility, and Scope 3 is all those variables outside your four walls. The most important aspect of Scope 3 is purchased goods. This greatly impacts organizations that may not necessarily take in raw materials and directly manufacture those raw materials into a finished good. The supply chain is a very significant factor to consider when coming up with the emissions strategy as a company.

A recent study found that Scope 3 emissions are typically 11 times larger than that of an organization’s Scope 1 and 2. As mandatory climate disclosure legislation progresses into the future, the overall emissions strategy needs to start accounting for Scope 3 as much as possible. See less -

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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