Sustainability now: Inside the GHG Protocol’s scope 3 update

PwC's accounting podcast

A video of this podcast is available on YouTube, Spotify, or PwC’s website at viewpoint.pwc.com

In this episode, host Heather Horn is joined by Colin Powell, a PwC Canada partner and member of the GHG Protocol’s Scope 3 Standard Technical Working Group. They discuss key areas for change under consideration, including minimum boundaries and data quality disclosures, as well as what these updates could mean for the future of sustainability reporting.

In this episode, we discuss:

• 1:12 – Overview of the Scope 3 Technical Working Group and the current areas of focus
• 12:36 – Minimum boundaries, data quality, and feasibility
• 30:39 – Category 15 (Investments), plus facilitated and insurance emissions
• 35:55 – Timeline for the revised Scope 3 Standard and why companies should engage now
• 44:56 – Final takeaways on the evolving scope 3 landscape

At the time of recording, the GHG Protocol exposure drafts on scope 2 had not yet been released. Check out GHG Protocol announces Scope 2 Public Consultations for more information.

Looking for the latest developments in sustainability reporting?

• Read PwC’s Sustainability reporting guide
• Check out other episodes in our sustainability reporting podcast series

About our guest

Colin Powell is PwC Canada’s Technical Net Zero Leader. His work focuses on GHG quantification, life cycle assessment across many impact categories, GHG target setting, and developing decarbonization strategies. He has supported companies in quantifying over 1 billion tonnes of GHG emissions and worked previously as a consultant supporting global clients to understand their GHG emissions and how they can decarbonize. Colin sits on the GHG Protocol’s Scope 3 Technical Working Group, helping to shape the revision of the global standards used to account for GHG emissions. Colin is also a Professional Engineer (Ontario) and holds a PhD in wastewater treatment modeling.

About our host

Heather Horn is the PwC National Office Sustainability and Thought Leader, responsible for developing our communications strategy and conveying firm positions on accounting, financial reporting, and sustainability matters. In addition, she is part of PwC’s global sustainability leadership team, developing interpretive guidance and consulting with companies as they transition from voluntary to mandatory sustainability reporting. She is also the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series.

Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to [email protected]

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챕터

1. Sustainability now: Inside the GHG Protocol’s scope 3 update (00:00:00)

2. Overview of the Scope 3 Technical Working Group and the current areas of focus (00:01:12)

3. Minimum boundaries, data quality, and feasibility (00:12:36)

4. Category 15 (Investments), plus facilitated and insurance emissions (00:30:39)

5. Timeline for the revised Scope 3 Standard and why companies should engage now (00:35:55)

6. Final takeaways on the evolving scope 3 landscape (00:44:56)