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How banks can overcome Scope 3 emissions reporting hurdles 

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How banks can overcome Scope 3 emissions reporting hurdles

In recent times, there has been a rise in regulatory requirements on climate-related disclosures across the globe.

The investor community is expecting increased transparency from banks and financial institutions. There is scrutiny about how they are disclosing and committing to reduce their financed carbon emissions, which include Scope 1, 2, and 3 emissions.

Currently, most companies report Scope 1 and 2 emissions with ease. However, calculation of Scope 3 emissions is typically the most difficult and involves numerous estimations and business rules. This presents a challenge for banks in developing capabilities for Scope 3 emissions estimations. We look at the following core aspects to be considered as part of banks’ Scope 3 emissions analytics.

  • End-to-end process view of emissions analytics

  • Challenges in emission analytics and reporting

  • Translated analytical capability view 

  • Proposed functional architecture

To read the complete article, click here.  

 

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