Stock Exchange Regulators Back Global Climate-Reporting Rules

3 years ago by silence7 to c/climate

Association representing over 95% of market capitalization endorses international rules that include Scope 3 emissions reporting.
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BackupRainDancer 4 points 3 years ago

I have expertise here and in my opinion I think this is fantastic. For those unaware, the scope 3 mentioned in the article is everything (all emissions from) upstream and downstream of your supply chain. If you make automotive engines that's everything from pulling and refining steel to shipping it to you AND all of the dealerships carbon AND customers.

The reason imo this matters is that this is fucking hard. It's hard because you need life cycle analysis and some of the tech is so advanced who knows when we'll have the right emissions factors for them. Heck even the epa is 2 yrs behind on the egrid publications.

The other reason this is hard is that if your steel supplier doesn't want to comply then, well, f you. But if you can make everyone report their scope 3s it will get everyone up to speed and cut out all the weird contract footsie with requesting your vendor comply and do green shit.

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JoeKrogan 4 points 3 years ago

Thanks for the added explanation 😉👍

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BackupRainDancer 4 points 3 years ago

Np I think the way the scopes are outlined is well meaning but man some of the terms and the balkanization of the industry's terms has made things confusing.

Imo it's the biggest reason we didn't get more public pressure on this but science is hard so /shrug

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