SUSTAINABILITY
“ Sustainability data is the connective tissue across value chains ”
SHERI HINISH PRINCIPAL AND GLOBAL CONSULTING SUSTAINABILITY SOLUTIONS , TECHNOLOGY AND ECOSYSTEMS LEADER , EY
Addressing Scope 3 Scope 3 emissions are a major focus within EY ’ s sustainability efforts with clients given they often represent the largest share of a company ’ s carbon footprint .
During the Scope 3 Forum at Sustainability LIVE : Net Zero , staged earlier this year , executives from Clyde & Co , SGS and THG disclosed that their own workplaces ’ Scope 3 output accounted for at least 90 % of their overall emissions .
As is well documented , these indirect emissions are challenging to measure and manage due to their extensive nature , covering both upstream and downstream activities .
Moreover , from a regulation perspective , the landscape surrounding Scope 3 is becoming increasingly stringent with new disclosure requirements from organisations like the SEC and International Sustainability Standards Board ( ISSB ).
“ I want to call out that you can ’ t emphasise Scope 3 without discussing human rights , too ,” says Sheri . “ With regulations like EUDR , CSRD and CSDDD , companies are struggling with accurately capturing and reporting data across their entire value chain .
“ Through a comprehensive approach that includes technological integration , regulatory compliance and strategic decarbonisation , EY helps clients address the complexities of managing Scope 3 emissions ,
176 September 2024