What are the biggest challenges companies face when trying to measure and manage their Scope 3 emissions?
MEGAN YOUNGS
What are the biggest challenges companies face when trying to measure and manage their Scope 3 emissions?
Megan Youngs Greenhouse gas protocol came out years ago and we’ re getting the update hopefully this year. So, I think we’ re all sort of in limbo waiting for that methodology update and people are starting to find the grey areas and understanding how we can actually report on this. I’ m really looking forward to that being published. I think there are more challenges around data lags as well, so from suppliers that take a year to report or will get a year to receive the data, but not just from suppliers but also industry averages as well. Can we see a more frequent update of suppliers so we can track that action better? I think that’ s going to be the next step?
Marc Munier We’ ve got five years until 2030. If you’ re working on an annual basis, that’ s five opportunities to change something. You do that quarterly, you’ ve got 20; you do it monthly, you’ ve got 60. With any sort of data you’ re tracking, getting regular data is critical to reduce the reporting burden. I think there’ s a certain amount of data you need from your suppliers. Have you actually driven decarbonisation of their Scope Two in all of your supply chain? If you’ ve done that already, go and ask them for something else.
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What is NatWest Invest, and is it right for me?
MEGAN YOUNGS
TITLE: SCOPE 3 REPORTING MANAGER
COMPANY: NATWEST INDUSTRY: BANKING
Megan Youngs is Scope 3 Carbon Reporting Manager at the UKheadquartered bank, NatWest. Before working at the bank, she was a consultant for EcoAct.
166 May 2025