Carbon footprinting: Building ESG metrics into your financial plans [Part 2]
In Part 1 of this series, Steve Bows taught us the difference between Scope 1, Scope 2, and Scope 3 carbon emissions, and how we could incorporate energy use data (fossil fuels burnt and electricity consumed) to determine our Scope 1 and Scope 2 emissions.
We also learned that Scope 3 emissions are larger, and harder to identify than Scope 1 and Scope 2.
In this article, we learn that there are two approaches to measuring Scope 3 emissions: Life Cycle Assessment (LCA) and Input Output Analysis (IOA). Getting a complete picture requires combining the two together, which Steve will discuss in the third article of this series.
For now, we'll focus on the ‘bottom-up’ approach to emissions measurement, the LCA, and see how we can use the data it produces in our Anaplan models.
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