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

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 –