Solving the Scope 3 Data Crisis: How Open Standards Can Transform Emissions Reporting
By Jim Hietala, Vice President, Sustainability and Market Development, The Open Group. The Growing Challenge of Scope 3 Emissions Data
Large multinational corporations face unprecedented challenges in capturing and managing Scope 3 emissions data across their complex value chains. As regulatory requirements intensify globally—from the EU Corporate Sustainability Reporting Directive (CSRD) to the International Sustainability Standards Board (ISSB) standards and California’s Climate Corporate Data Accountability Act—the pressure to provide accurate, transparent emissions reporting has never been greater.