An assessment of Scope 1, 2 & 3 emissions help determine your organisation’s carbon footprint. As more businesses identify climate change, emissions and energy as material concerns, calculating an emissions profile helps to identify areas for future action and mitigation.
What are the main categories of emissions?
Scope 1 emissions are direct greenhouse gas emissions from operations that are owned or controlled by the company.
Scope 2 emissions are indirect greenhouse gas emissions from the generation of purchased or acquired electricity, steam, cooling or heating by the reporting company.
Scope 3 emissions are all indirect emissions (not included in Scope 2) that occur in the value chain of the reporting company, including both upstream and downstream emissions ie. purchased goods and services, business travel, investments.
What are the benefits of an emissions assessment?
Emissions assessment is a requirement under the proposed mandatory Australian climate risk reporting requirements. They are also commonly included in sustainability reports and are often requested for scoping studies, feasibility studies, investor presentations and ESG ratings agency submissions. Scope 3 (value chain emissions) reporting obligations will require many organisations to understand their emissions footprints and share these with their supply chain.
