Our comprehensive model on Scope 1, 2, and 3 emissions combines information gathered from multiple sources of emissions from your organization(s) such as process emissions and emissions from your company's fleet of vehicles. By understanding the scale of both direct and indirect emissions, we can work to reduce your company’s contribution to global greenhouse gas emissions. This information can be used to develop more efficient fleet management, improve energy usage, monitor progress over time, and help you in meeting your climate goals.
Scope 1, 2, and 3 emissions refer to different levels of a company's greenhouse gas (GHG) emissions, and analyzing them through the lens of ESG can provide valuable insights into a company's environmental impact, risks, and opportunities. Here's a breakdown of these scopes and how examining them aligns with ESG principles:
These are emissions from sources owned or controlled by the organization, such as company vehicles, manufacturing facilities, etc.
Why Analyze Scope 1?
Data Points to Consider:
These emissions come from the generation of electricity, heating, cooling, or steam purchased by the company.
Why Analyze Scope 2?
Data Points to Consider:
These emissions occur in the company's value chain but are not controlled by the company itself, such as in the supply chain, product use, etc.
Why Analyze Scope 3?
Data Points to Consider:
In conclusion, examining Scope 1, 2, and 3 emissions through the lens of ESG can provide a comprehensive understanding of a company's environmental impact and strategic alignment with global sustainability goals. This analysis can play a crucial role in investment decision-making by identifying risks, opportunities, and potential competitive advantages. It aligns with the growing emphasis on responsible investing and the acknowledgment that environmental factors are integral to long-term business success.
What are we talking about when we're talking about Benchmarking? Let's be careful when we throw that word around.