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Ext. PublicationWeaver’s Greenhouse Gas Emissions Inventory
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The release of our ESG report marks a major milestone in our commitment to transparency and environmental responsibility, featuring a baseline GHG emissions inventory developed in accordance with GHG Protocol guidance. This initial inventory focused on Scope 1 and Scope 2 emissions, laying the foundation for accurate reporting and setting the stage for future expansions as we prepare processes toincorporate Scope 3. Our approach involved thorough data collection, setting organizational boundaries and identifying material reporting categories, all essential steps in creating a reliable emissions baseline.
Greenhouse gas (GHG) emissions have become a focal point for businesses, driven by their impact on climate and the increasing expectations of stakeholders across the value chain. Establishing an accurate inventory required collaborating with engineers to apply GHG Protocol methodologies rigorously and conducting an in-depth review of our emissions data. This structured approach mirrors the precision we apply in regulatory compliance engagements, underscoring our dedication to aligning with the highest standards in emissions reporting.
The landscape for emissions reporting is shifting rapidly, with regulatory requirements and corporate expectations accelerating in parallel. In the U.S., the SEC has proposed rules that would require publicly traded companies to disclose Scope 1 and Scope 2 emissions, with some needing to include Scope 3. Meanwhile, California has introduced legislation mandating comprehensive emissions disclosures, and the European Corporate Sustainability Reporting Directive (CSRD) has set extensive reporting standards for companies with significant EU operations. In addition, large organizations are increasingly embedding emissions disclosures into their supplier contracts, making GHG transparency a necessary criterion for business partnerships.
We conducted an inventory of Scope 1 and Scope 2 emissions, consistent with industry-standard practices, as these are the most directly measurable and controllable emissions sources for most companies. Assessing Scope 3 emissions, however, presents a greater complexity, as it requires extensive collaboration with vendors and suppliers across the value chain. Recognizing the importance of this broader evaluation, we have prioritized Scope 3 emissions analysis as a future initiative to enable the development of a complete and accurate data set that fully incorporates indirect emissions.
- Scope 1 emissions: Direct emissions from our own operations, such as natural gas for heating office spaces. Given our lack of manufacturing activities or fleet vehicles, Scope 1 emissions are limited to these specific sources.
- Scope 2 emissions: Indirect emissions from purchased energy used in our office spaces, covering heating, cooling and electricity.
Building this emissions inventory has been instrumental in shaping our ESG strategies and will enable us to better serve and support our clients as they navigate their own sustainability and regulatory goals.
For more information on Weaver’s 2024 ESG Report or any of its initiatives, contact us.
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