As the world strives towards net zero, energy-intensive industries like mining, construction, chemicals, energy and other resources are under increasing pressure to measure and report on a raft of sustainability indicators and reduce their impact – fast.
The ISS newsletter aims to help you navigate the evolving landscape by bringing you the latest information and digital tools to help you stay a step ahead on sustainability reporting, compliance rules, climate and nature disclosures, transition planning, scenario analysis and more.
In this issue, we outline the key dates and new legislation to keep top of mind and share case studies and a comprehensive guide explaining how to track Scope 1, 2 and 3 emissions. If you have questions or need more information, please get in touch.
CASE STUDY
How to accurately track Scope 1, 2 and 3 emissions
Across industries, organisations are under mounting pressure to deliver finance-grade sustainability reporting. Under the ISSB’s Sustainability Disclosure Standards, new global baselines for reporting are now in force, and if organisations can’t comply, they may face stiff penalties.
While the new standards will not be mandated in every country, it’s predicted that most companies will voluntarily adopt them. Indeed, some are already taking proactive steps to report on sustainability metrics in response to community or investor pressure.
Yet, manual processes and lack of the right data and digital tools means many industrial organisations aren’t equipped to collect and analyse the data needed to report on Scope 1, 2 and 3 emissions.
In this case study, we detail worked examples of how using digital tools like our Sustainability Tracker (ST) solution enables energy-intensive industrial organisations to track and report emissions, water and energy consumption, cut costs, streamline processes and produce auditable reports that meet the latest regulatory requirements.
RESOURCE
Scope 3 emissions are the next big industrial sustainability priority
Global regulations and markets now demand transparency of emissions across the supply chain. Beyond direct emissions, energy-intensive industries must report on indirect Scope 3 emissions and reduction strategies. Here’s what you need to know.
With Scope 3 emissions accounting for the vast majority of emissions in many industries, it is critical to accurately track them to both hit reduction targets and meet compliance obligations. Many organisations lack the data and tools they need.
Drawing on more than a decade of experience in process engineering, data-led software and ESG reporting in the industrial sector globally, in this comprehensive guide we explain:
- What are Scope 3 emissions?
- How do they impact industrial organisations?
- Why is Scope 3 measurement important and urgent?
- What are the Scope 3 reporting requirements?
- How can you calculate Scope 3 emissions for the industrial sector?
ISS is here to help you understand and meet your obligations
Accurate sustainability reporting and compliance cannot be managed with manual, outdated, error prone and easily manipulated spreadsheets. Digital tools are required for transparency, auditability, automation and digital taxonomy compliance.
Stay ahead of fast-evolving sustainability compliance with Sustainability Tracker (ST), a proven sustainability analytics solution designed for complex industrial processes, backed by experts to help you understand your reporting obligations, mitigate risks and meet sustainability targets.
Learn how ISS can help you track and analyse your sustainability indicators, and minimise emissions, energy, water and waste across your supply chain.
