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

Alastair Foyn
10 Jan, 2023
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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.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
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
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
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
‘Sustainability’ journal, ‘Washington Post’, ASDA, Boeing, Carbmee, CarbonChain, CDP, Center for Audit Quality (CAQ), Chevron, Co-op, General Electric, GHG Protocol, IFRS, International Sustainability Standards Board (ISSB), Makersite, Manufacture 2030, OneTRust, Palantir, Persefoni, Planetly, S&P, Science Based Targets initiative (SBTi), SupplyShift, Sweep, Sysco, Task Force on Climate-related Financial Disclosures (TCFD), Trafigura, US Securities and Exchange Commission (SEC)
About the Authors

Alastair Foyn
Analyst
Alastair is an Analyst in the Verdantix Net Zero & Climate Risk practice. His current research agenda focuses on carbon management software and decarbonization best practi...

Ryan Skinner
Research Director
Ryan is a Research Director at Verdantix, where he leads a team of analysts delivering research, data and advisory services that help clients navigate the fast-evolving landsc...
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