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Know detailsCorporate Analyst & Consultant Pvt. Ltd. (“CAC”) is a leading management consulting company providing professional services to its clientele since 2012.
Know detailsRenowned for excellence, CAC specializes in accounts and finance, providing expert services in management consulting, investment banking, wealth management, and sustainability for comprehensive and forward-thinking financial solutions.
Know detailsControlling Scope 1, Scope 2 and Scope 3 emissions have emerged as a critical sustainability and compliance need of an organization aiming at minimizing its carbon footprints and developing better climate responsibility. The well-designed emissions management framework does not only assist organizations in fulfilling the expectations of regulations and investors, but also enhances the effectiveness of operations, mitigation of risks, and sustainability over the long-term performance.
Our group aids organizations to determine the indirect emissions produced by the purchased electricity, heat, and energy sources. We assist in the development of sound measurement systems and suggest energy efficiency options to gradually decreasing emissions effects and operational reliance on high-carbon energy.
Our mapping of Scope 3 emissions within the entire value chain helps organizations to handle the most complicated category of emissions. This involves both upstream and downstream operations procurement, logistics, product use, waste production, business travel and supplier emissions, and has a full coverage of climate impacts.
We assist organizations to come up with well-structured data capture, verification, and calculation systems that are in tandem with global standards. Our strategy makes us consistent, transparent and accurate in the domain of emission reporting in a manner that will facilitate credible sustainability reporting and compliance preparedness.
We assist companies to establish achievable emission reduction goals, come up with de-carbonization plans, and long-term sustainability road maps. This will involve setting interim milestones, monitoring systems, and operational pathways that can be enacted to go towards net-zero and climate-resilient operations.
We provide full Scope 1, 2 and 3 emission solutions at CAC that go beyond compliance reporting. We enable companies to realize their actual climate footprint, instigate quantifiable cuts, create operational robustness and advance with certainty to a sustainable and low-carbon future.
Scope 1 emissions are direct Greenhouse Gas (GHG) emissions that come from sources owned or controlled by a company, like burning natural gas in boilers, fuel in company vehicles, or fugitive emissions from leaks.
Scope 2 emissions are indirect GHG emissions from the generation of purchased or acquired electricity, steam, heating, or cooling consumed by the reporting company. They are not produced on-site but are a result of the company's energy use.
Scope 3 emissions are all other indirect emissions that occur in a company's value chain, both upstream and downstream. These are typically the largest portion and include sources like business travel, purchased goods, and end-of-life treatment of sold products.
Reporting provides a complete picture of a firm's carbon footprint, encompassing all operations and the value chain. It builds transparency and trust with stakeholders, aids in regulatory compliance, and meets investor expectations for Environmental, Social, and Governance (ESG) practices.
The globally recognized standard for measuring and reporting corporate greenhouse gas emissions, including Scope 1, 2, and 3, is the Greenhouse Gas Protocol (GHG Protocol).
Scope 3 emissions generally account for the largest portion of a company's total carbon footprint, as they cover the entire value chain, including suppliers' and customers' emissions.
Scope 1 are direct emissions from sources a company owns or controls (for example, company vehicles), while Scope 2 are indirect emissions from purchased energy such as electricity from a utility.
The main goal is to accurately measure, manage, and reduce a company's total carbon footprint. This informs decarbonization strategies, supports sustainability objectives, and drives long-term value creation.
Scope 3 emissions are difficult because they involve gathering data from external third parties such as suppliers and customers across the entire value chain, making data collection and standardization complex.
Accurate and transparent Scope 1, 2, and 3 reporting is a core component of the Environmental pillar of ESG. It demonstrates accountability and commitment to sustainability to investors and regulators.
An example of a Scope 1 emission is the combustion of natural gas in a company-owned boiler to heat an office building or the gasoline burned by a firm’s fleet of delivery trucks.