Semafor again:
The SEC is considering dropping the most controversial provision on carbon emissions from its much-anticipated rule on corporate climate disclosures, according to people familiar with the matter.
Known as “Scope 3” emissions because they go well beyond the greenhouse gasses generated by a corporation’s core operations, the measure would require public companies to account for carbon emanating from their entire supply chains and loan portfolios.
No. Scope 3 is what the corporation’s customers do with what they’ve bought. Sheesh.
I must admit that I feel the report should be as short and simple as possible containing only the essential financial information.
This panders to my essential laziness.
Regardless of which “Scope” it offends, it’s still a fucking stupid idea.
Baron Jackfield
You’ve certainly put it better than me, BJ.
“Scope 3 is what the corporation’s customers do with what they’ve bought.”
Which means it’s umpty-gazillion times overcounted for every step in the supply chain.
Scope 1 across all people and companies covers all emissions. Scope 2 emissions are scope 1 emissions for a supplier of yours, scope 3 emissions are scope 1 emissions for a customer of yours. So the whole thing is very confusing and highly duplicated.