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

Analyst

Alastair is an Analyst in the Verdantix Net Zero and Climate Risk practice. His current research agenda focuses on climate risk management software and carbon markets. Prior to joining Verdantix, Alastair worked at Tyler Grange Ltd 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 from the University of St Andrews.

Ryan Skinner

Research Director, Net Zero & Climate Risk
Ryan leads the Verdantix Net Zero & Climate Risk research practice. The team’s current research focus encompasses net zero drivers and strategies, and climate risk, emissions reduction, and carbon management technologies. Ryan has 10 years of experience in the research business, previously working at Forrester, where he led research on ESG. Ryan speaks English natively, Norwegian, and French conversationally. He holds a BA from Duke University. 

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