Scope 3 Standard to be Finalized in December

PracticalSustainability (Baier) - The emerging global standard for companies to measure and track Scope 3 greenhouse gases (GHG) is on schedule for finalization in December. Scope 3 emissions often represent the largest area of a company's GHG impacts by far -- up to 75 percent in many cases -- yet a widely supported industry measurement methodology does not exist.

Initial reactions to the current draft standard vary. Some companies testing the new standard are bullish and plan to implement it, while others are more cautious and taking a wait-and-see approach. Sustainability leaders should continue to track the progress of this standard for this important emissions area to determine if it makes business sense to calculate their own Scope 3 emissions.