26 min listen
Getting smarter on GHG emissions: Scope 1 and Scope 2
Getting smarter on GHG emissions: Scope 1 and Scope 2
ratings:
Length:
45 minutes
Released:
May 12, 2022
Format:
Podcast episode
Description
On March 21, the SEC published a widely anticipated proposed rule addressing companies’ climate-related disclosures. One of the disclosures that would be required under the proposal is greenhouse gas (GHG) Scope 1 and Scope 2 emissions, as defined in the GHG Protocol.In this episode, Heather Horn was joined by Rich Goode, principal in PwC’s ESG practice, to take a deeper dive into a few of the key issues and questions that registrants may have when measuring and reporting GHG scopes 1 and 2, as required by the proposal.In this episode, you will hear:1:07 - An overview of the GHG Protocol and the types of emissions included and excluded from its scope7:06 - Overview of the process to measure Scope 1 emissions10:54 - A deeper dive into the importance of data quality, and how to increase it18:12 -Why disaggregated disclosures of constituent gasses could matter to users22:21 - How companies can effectively address emissions factors required by different authorities26:48 - Key considerations when calculating Scope 2 emissions, including the role of renewable energy credits32:46 - Using carbon offsets effectively and how they fit into the SEC’s current proposal37:01 - The importance of a GHG inventory management plan, and final advice on disclosure readinessWant to learn more? Refer to the text or audio version of our In the loop, The SEC wants me to disclose what? and read the proposed rules, The Enhancement and Standardization of Climate-Related Disclosures for Investors, as well as the related fact sheet. Rich Goode is a principal in PwC's ESG practice where he assists clients in the technology, media, and telecommunications sectors navigate key environmental, social, and governance issues. Leveraging 30 years of experience, Rich also currently serves as an Adjunct Lecturer for Harvard University.Heather Horn is PwC’s National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.
Released:
May 12, 2022
Format:
Podcast episode
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