ESG & Investing
Soros Firm Wrestles With the Scope 3 Conundrum
Just 5% of US companies report emissions from supply chains and customers, making life very hard for firms chasing sustainability.
There’s not enough data for Wall Street firms to gauge Scope 3 emissions, those caused by a company’s supply chain and the customers who use its products.
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Just a piddling 5% of US companies report their Scope 3 greenhouse gas emissions.
Unlike those tied directly to a company’s operations or its energy use, these emissions are the kind churned out along the supply chain to the company, and afterwards by customers using what it makes. And it’s a big part of all greenhouse gas emissions.