Strategic Focus: Carbon Management Innovation Takes Aim At Scope 3 Emissions Challenges

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Executive Summary

This report provides sustainability leaders with insights into developments at the cutting-edge of Scope 3 emissions accounting and disclosure. Utilizing previous Verdantix studies and analysis of software offerings, the report describes some of the thorniest challenges in Scope 3 management and provides examples of software solutions that are working to solve them. Sustainability leaders should use this report to prepare for the most important issues and obstacles within Scope 3 emissions management, to discover some solutions and the vendors behind them, and to gain more awareness of the stumbling blocks that remain.

Table of contents

Expectations For Scope 3 Emissions Accounting And Disclosure Hurtle Forward
Scope 3 Management Is Hindered By Logistical, Data And Knowledge Challenges
Supply Chain Specialist And Carbon Management Vendors Are Developing Scope-3-Dedicated Solutions
Despite Innovation, Many Issues Remain Unresolved

Table of figures

Figure 1. Scope 3 Emission Categories Relative To The Reporting Organization
Figure 2. Number Of S&P 500 firms Reporting Upstream (Categories 1-8) And Downstream (Categories 9-15) Scope 3 Emissions
Figure 3. Scope 3 Management Solutions Across The GHG Protocol’s Nine Stages Of Accounting And Disclosure

About the authors

Alastair Foyn

Alastair is an Analyst in the Verdantix Net Zero & Climate Risk practice. His current research agenda focuses on carbon management software and decarbonization best practices, particularly those relating to Scope 3 and industrial emissions. Prior to joining Verdantix, Alastair worked at Tyler Grange, where he gained experience in consultancy practices and environmental strategy. Alastair holds a First Class BSc in Biological Sciences from Durham University, as well as an MSc in Sustainable Development, with Distinction, from the University of St Andrews.

Ryan Skinner

Research Director, Net Zero & Climate Risk
Ryan is the Research Director for the Verdantix Net Zero & Climate Risk practice. He guides the research team to develop compelling research at the intersection of net zero strategies, carbon management, climate risk and technology. Prior to joining Verdantix, Ryan was a principal analyst at Forrester Research, where he initiated the research into ESG data and analytics offerings. He also has extensive experience of helping software companies with their messaging, positioning, market and technology strategies. Ryan studied at Duke University, the University of Manchester and the University of Oslo, and speaks Norwegian fluently.

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