Scope 3 emissions in the UK reporting landscape – Storebrand Asset Management

In this paper, Storebrand Asset Management have summarised their response to the UK government’s consultation on Scope 3 emissions in the UK reporting landscape.

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Storebrand Asset Management encourages their investee companies to report their Scope 3 emissions and to set verified science-based targets. However, their research shows that Scope 1-3 emissions data can provide a misleading indicator of transition risk for investors when applied indiscriminately across all sectors and industries. Emissions data, in particular Scope 3 (alone or aggregated with Scopes 1 & 2), is a necessary but insufficient indicator of company transition risk.

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