Scope 3 Inventorization for Corporates
Organizations striving for sustainability and net-zero goals should conduct a greenhouse gas (GHG) inventory. This inventory includes Scope 1 (direct) and Scope 2 (indirect) emissions, which the organization controls and purchases energy, respectively. Additionally, Scope 3 emissions covers indirect emissions throughout the value chain, usually accounting for more than 50% of a company’s emissions. A comprehensive GHG inventory helps identify emission sources and enables organizations to prioritize reduction strategies. Implementing such strategies enhances operational efficiency, reduces costs, and strengthens brand reputation. Overall, GHG inventorization is crucial for organizations aiming to reduce their carbon footprint and contribute to global climate change mitigation efforts.
TERI emphasizes the importance of developing a comprehensive GHG inventory, including Scope 1, Scope 2, and Scope 3 emissions, to support organizations in their pursuit of Net Zero pathways & climate change mitigation. Accounting for Scope 3 emissions provides a holistic understanding of an organization's carbon footprint and enables targeted emission reduction strategies.
Integrated approach towards measure, manage, and reduce GHG emissions, TERI aims to facilitate the transition to a more sustainable and low-carbon future. By conducting thorough GHG inventory, organizations can identify emission sources , prioritize mitigation actions, and track progress towards sustainability targets. Our approach emphasizes the role of accurate measurement, reporting, and verification methodologies provided by international frameworks like the Greenhouse Gas Protocol (GHG Protocol) in ensuring the credibility and transparency of GHG inventories.