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(iii) Scope 3 emissions – other indirect GHG emissions from sources that are upstream or downstream of a value chain and not owned or controlled by the investee. Scope 3 emissions may include the following categories: a. Goods and services. Emissions due to production of goods and services used by the investee’s activities; b.
The International Financial Institutions2 (IFIs) have been working together to agree a harmonised approach to project-level greenhouse gas (GHG) accounting. The rationale for this work is to harmonize GHG accounting during project appraisal.
• GHG accounting will include scope 1 and scope 2 emissions (as defined in the GHG Accounting Protocol).3 Each IFI may choose to include scope 3 emissions attributable to a project, but this should be clearly stated in relevant policies, procedures, and results. • Absolute emissions are to be estimated for brownfield and greenfield projects.
At COP21 (2015), the IFI TWG released harmonized GHG accounting methodologies for renewable energy, energy efficiency, and transport sector projects. These methodologies are developed in accordance with the International Financial Institution (IFI) Framework for a Harmonized Approach to Greenhouse Gas Accounting .
To disaggregate types of greenhouse gas emissions, organizations are encouraged to report greenhouse gas emissions scopes, which allows for disaggregation by GHG Protocol Scopes 1-3.
The Scope 3 Standard builds upon the Corporate Standard to promote additional completeness and consistency in the way companies account for and report on indirect emissions from value chain activities through additional requirements and guidance for scope 3 accounting and reporting.1.
Dec 15, 2022 · At its December 2022 meeting, the ISSB agreed to set out a framework in S2 for the measurement of Scope 3 GHG emissions that will require the use of reasonable and supportable information that is available without undue cost or effort and incorporates the use of estimation.
