On March 21, the SEC published a widely anticipated proposed rule addressing companies’ climate-related disclosures. Among them are new disclosures related to greenhouse gas (GHG) emissions. While not all companies will need to disclose Scope 3, companies will still need an understanding of Scope 3 volume and sources to determine whether they meet the disclosure threshold.

In this episode, Heather Horn was joined by Rich Goode, principal in PwC’s ESG practice, to take a deeper dive into a few of the key issues and questions that registrants may have when measuring and reporting GHG Scope 3.

In this episode, you will hear:

• 1:08 - A refresher of the types of emissions included within each scope under the GHG Protocol
• 5:12 - An overview of the emissions categories within Scope 3 and how companies can determine which categories apply to their business
• 12:18 - How the broader term “value chain” is eclipsing “supply chain” in terms of sustainability reporting
• 14:17 - Concepts and tools to help navigate the complexities of calculating Scope 3 emissions
• 21:22 - Key considerations for how to develop an emissions inventory management plan
• 29:50 - The history of the GHG Protocol, and additional industry-specific resources
• 36:56 - How renewable energy credits and carbon offsets fit into the disclosure of emissions, and insights on the broader significance of environmental disclosures

Want to learn more? Listen to our previous podcast, Getting smarter on GHG emissions: Scope 1 and Scope 2. Also, read the related GHG Corporate Value Chain Accounting and Reporting Standard on Scope 3 emissions. For more on the SEC’s proposal, refer to the text or audio version of our In the loop, The SEC wants me to disclose what?  

Rich Goode is a principal in PwC's ESG practice where he assists clients in the technology, media, and telecommunications sectors navigate key environmental, social, and governance issues. Leveraging 30 years of experience, Rich also currently serves as an Adjunct Lecturer for Harvard University. 

Heather Horn is PwC’s National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.

Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to [email protected].

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