10 May 2019 | Herpreet Kaur Grewal
The UK Green Building Council (UKBGC) has published a consultation paper inviting feedback on guidance for scope 3 emissions reporting in the commercial real estate sector.
Scope 3 emissions refer to carbon impacts across a company's value chain outside of their direct control, and represent a significant opportunity for driving carbon reductions.
The paper sets out draft guidance for companies who own and develop commercial real estate, outlining a standard process for reporting scope 3 emissions.
The guidance is tailored to the commercial real estate sector in an effort to improve understanding of relevant scope 3 impacts and reduce barriers to reporting. It will seek to clarify the reporting process and build on existing guidance, including Greenhouse Gas Protocol's Corporate Value Chain (Scope 3) Accounting and Reporting Standard and the Royal Institution of Chartered Surveyors' professional statement, Whole Life Carbon Assessment for the Built Environment.
UKGBC is working with member companies Carbon Credentials, HS2 and TFT to produce the guidance and BBP, BPF and the Royal Institution of Chartered Surveyors support the project.
Feedback is being sought from businesses and stakeholders across the construction and property industry. The consultation paper is now available on the UKGBC website and responses can be submitted online up until 31 May.