Below is an excerpt from ISS-Corporate’s recently released article “Current Trends in Scope 3 Disclosure Rates.” The full article is available on the ISS-Corporate online library.
Reporting on Scope 3 greenhouse gas (GHG) emissions remains a complex undertaking for companies, requiring calculation, estimation, and assumptions – particularly concerning factors outside of direct operational control. However, significant progress has been observed in recent years in the quality and prevalence of Scope 3 disclosures, especially amongst larger, more mature organizations.
Currently, approximately 29% of the 8,231 publicly traded companies in ISS’s global coverage report Scope 3 emissions; this figure rises to 48% for large-cap firms (market cap exceeding $10 billion). As illustrated below, Scope 3 disclosure rates vary considerably by sector, with Utilities, Consumer Staples, and Real Estate leading the way.
By:
Kosmas Papadopoulos, Executive Director, Head of Sustainability Advisory – Americas, ISS-Corporate
