Insights To Navigate The Complexity Of Scope 3 Emissions Reporting

February 14, 2024 EcoVadis EN

The global landscape is moving towards more transparent climate disclosures. Businesses are expanding their reporting to cover emissions from direct operations and their entire value chain, including suppliers. For reporting purposes, emissions are classified into three types: Scope 1, Scope 2, and Scope 3. Reporting Scope 1 and Scope 2 emissions (direct emissions and indirect emissions from purchased electricity) is straightforward, but Scope 3—indirect emissions from the entire value chain—is more complex. Scope 3's reporting challenge stems from data scarcity, poor data quality, and numerous calculation assumptions. However, reporting on these emissions are essential as they constitute over 70% of a company's total emissions. Therefore, despite its novelty and complexity, navigating this landscape has become crucial to address climate change.

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EcoVadis EN

EcoVadis is a purpose-driven company whose mission is to provide the world's most trusted business sustainability ratings. Businesses of all sizes rely on EcoVadis’ expert intelligence and evidence-based ratings to manage risk and compliance, drive decarbonization, and improve the sustainability performance of their business and value chain. Its AI-powered risk mapping, actionable scorecards, benchmarks, carbon action tools, and insights guide a resilience and improvement journey for environmental, social and ethical practices across 200 industry categories and 175 countries.

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