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Report shows only 9% of top oil and gas companies report Scope 3 emissions from investments

New research from Clarity AI reveals only 9% of the top oil and gas companies report Scope 3 emissions from their investments, leading to discrepancies in portfolio carbon footprinting.

The report examines and quantifies GHG emissions from all physical assets that these companies own, including their minority investments, as well as key reporting and disclosure trends, leveraging data from Climate TRACE, a global non-profit coalition to independently track GHG emissions globally. “While reporting and disclosure remain a foremost priority for organisations throughout the business world, data quality, transparency, and completeness continue to be a noticeable problem area for businesses and regulators alike,” said Patricia Pina, Head of Product Research and Innovation at Clarity AI. “The impacts of not reporting investment Scope 3 data are incredibly stark and underline the importance of having a comprehensive and transparent view of an organisation’s emissions footprint,” said Patrica Pina of Clarity AI.

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