Scope 3 Emissions Accounting and Reporting Guidance

Accounting and reporting the Scope 3 emissions of any company is inherently complex.

This Guidance provides a standardised framework for mining and metals companies to calculate and disclose their value chain emissions to improve transparency and accelerate collaborative action to reduce these emissions.

Facilitates year-on-year comparisons to support companies in identifying and explaining emission ‘hotspots’ specific to their value chains, with the aim that actions can be determined to reduce them in the future.

Provides mining and metals companies with a consistent approach to calculate and report Scope 3 emissions externally — Maintain alignment with mandatory and voluntary reporting requirements and standards to ensure compliance.
Supports individual companies to explain changes in their Scope 3 GHG emissions over time, per category and within their unique value chain context
Supports the ability to prioritise action across identified emission hotspots for meaningful action around emissions reductions
Takes the five principles outlined by the GHG Protocol (Relevance, Completeness, Transparency, Accuracy and Consistency) and applies them to mining and metals specific contexts to enable a consistent approach in annual emissions reporting.
Outlines four additional dimensions for metals and mining companies to address (materiality, boundary definition, data improvement, and calculation methodologies) to help calculate Scope 3 emissions.
Provides recommendations for communicating category exclusions to help stakeholders understand the current limitations around best available data
Provides instruction on how to apply the concepts and principles at the category-level for all 15 categories of the Scope 3 Standard, allowing companies to consistently account and report on a category-by-category basis