New guidance makes corporate value chain accounting easier

An effective corporate climate change strategy requires a detailed understanding of a company’s greenhouse gas (GHG) emissions. Until recently, most companies have focused on measuring emissions from their own operations and electricity consumption, using the GHG Protocol’s Scope 1 and Scope 2 framework. But what about all of the emissions a company is responsible for outside of its own walls -- from the goods it purchases to the disposal of the products it sells?

The GHG Protocol Scope 3 Standard, released in late 2011, is the only internationally accepted method for companies to account for these types of value chain emissions. Building on this standard, the GHG Protocol has released a new companion guide that makes it even easier for businesses to complete their Scope 3 inventories. The guidance is freely available for download via its website, but specific guidance for each category of scope 3 emissions will need to be downloaded separately.

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