Released on July 2, the joint study by Schneider Electric and the Institute of Singapore Chartered Accountants (ISCA) also found strong correlation between executives’ seniority and their Scope 3 knowledge. Board members scored higher in their understanding of Scope 3 emissions (58%) than C-suites (51%), department directors (30%) and senior managers (27%).
Measuring and reporting Scope 3 emissions, such as emissions arising from business travel and the value chain, continue to be challenging for the majority of companies here. This is despite the category contributing up to 80% of the average organisation’s greenhouse gas emissions.
A survey of over 500 of Singapore’s senior business leaders found that just 6% are fully measuring and analysing their firms’ Scope 3 emissions. This significantly lags behind their measurement of Scope 1 (52%) and Scope 2 (30%) emissions.
