Is Australia responsible for Scope 3 customer emissions?
There is currently no requirement in Australia for companies to offset Scope 3 or ‘downstream’ greenhouse gas (GHG) emissions of a project as a precondition to obtaining planning approval for that project. In fact, there is little regulatory oversight for Scope 3 emissions whatsoever.
What’s the difference between Scope 1/2 and 3 emissions?
Scope 1 covers direct emissions from owned or controlled sources. Scope 2 covers indirect emissions from the generation of purchased electricity, steam, heating and cooling consumed by the reporting company. Scope 3 includes all other indirect emissions that occur in a company’s value chain.
Are Scope 3 emissions mandatory?
At the moment, only one emission classed as Scope 3 is mandatory to report, for large unquoted companies and large LLPs, and that is fuel burned during business-related travel if the vehicle is rented or belongs to an employee who buys the fuel.
Is it mandatory to report Scope 3 emissions?
Should companies report Scope 3 emissions?
As such, the U.S. Securities and Exchange Commission (SEC) should require public companies to disclose the emissions information that investors need, including Scope 3 emissions.
Do you have to report Scope 3 emissions?
The rules about Scope 3 are part of the UK government’s Streamlined Energy and Carbon Reporting (SECR) policy. At the time of writing (August 2020), only one type of Scope 3 emissions is compulsory to report, and it’s only compulsory for large unquoted companies and large LLPs.
Who must report Scope 3 emissions?
Currently, only large quoted companies and LLPs are required to report on some of their Scope 3 emissions under SECR. These companies must disclose their energy use and related emissions from business travel in rental cars or employee-owned vehicles where they are responsible for purchasing the fuel.