In recent years, different market-based accounting methods have been proposed to cover scope 3 emissions for fuel, agriculture, and freight transport. These methods extend the market-based accounting used for scope 2 emissions. The GHG Protocol has also started researching the role of market-based accounting approaches in corporate GHG accounting and reporting, including value chain emissions.
Market-based mechanisms can be useful in situations where direct engagement with suppliers or full traceability of the supply chain is not possible. This approach could support the development of low-emission solutions. However, market-based methods come with uncertainties about their efficacy and concerns around credibility.
We invite you to join us for an informative discussion on the evolving landscape of market-based accounting. We will introduce the current state of market-based accounting for scope 3, explore the different mechanisms available, discuss criteria and safeguards to ensure credibility and provide an overview of upcoming developments from the GHG Protocol.
Agenda
- Introduction and welcome, Karoliina Koistila, UN Global Compact Finland
- Greenhouse Gas Protocol’s perspective to market-based accounting, David Short
- Company perspective to market-based accounting, Anna Heino
- Discussion and Q&A
