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dc.contributor.authorRoméro Diaz, Nicolas
dc.contributor.authorVeredas, David
dc.date.accessioned2024-05-23T08:30:15Z
dc.date.available2024-05-23T08:30:15Z
dc.date.issued2022en_US
dc.identifier.urihttp://hdl.handle.net/20.500.12127/7466
dc.description.abstractSince 2001, as a means of gauging a full picture of a company’s carbon footprint (see Figure 1 below), the Greenhouse Gas Protocol has divided greenhouse gas (GHG) emissions into 3 different Scopes. Scope 1 consists of GHG emissions generated during the course of the company’s main business operations (e.g., the emissions associated with a vehicle’s assembly line). Scope 2 emissions are the GHG emissions incurred by a firm through the purchase of the electricity required for its operation. Finally, Scope 3 emissions account for indirect emissions generated by suppliers, partners, and customers along a company’s value chain. This definition of Scope 3 emissions is intentionally broad, which means that it usually consists of more than 70% of a company’s total emissions profile. Despite the significance of this figure, Scope 3 emissions reporting is lagging far behind that of the other scopes. According to the WWF, this relative scarcity of Scope 3 reporting is due to several unique challenges that arise from the fact that, by design, Scope 3 emissions lie outside the direct management of a company’s leadership. This does not mean that companies have no influence over their Scope 3 emissions. In fact, these challenges represent a unique opportunity for businesses to engage with value chain partners, rethink their business operations, and streamline their emissions reporting methodology.en_US
dc.language.isoenen_US
dc.subjectGreenhouse Gasen_US
dc.subjectSustainabilityen_US
dc.titleA close look at scope 3 emissions. What are companies reporting?en_US
dc.source.numberofpages20en_US
vlerick.knowledgedomainAccounting & Financeen_US
vlerick.vlerickdepartmentAFen_US
dc.identifier.vperid289970en_US
dc.identifier.vperid181874en_US


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