Officials are seeking to boost competitiveness and reduce the regulatory burden on businesses. The European Commission has adopted new proposals that will cut red tape and simplify EU rules for citizens and business. In the recent Competitiveness Compass, the Commission set out its vision to make the EU’s economy more…
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Understanding Scope 3 Emissions
Scope 3 emissions are the indirect greenhouse gas (GHG) emissions that occur in an organization’s value chain, both upstream and downstream of its operations (archived here). These emissions are not directly produced by the company itself, nor are they the result of the energy it purchases (which are Scope 2…
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Understanding Scope 2 Emissions
Scope 2 emissions are the indirect greenhouse gas (GHG) emissions from the consumption of purchased energy (archived here). These emissions occur at the facility where the electricity or heating is produced, not at the point of use. However, they are attributed to the organization that consumes the energy because the…
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Scope 1
Scope 1 emissions include greenhouse gas emissions (GHG) that originate directly from sources owned or controlled by an organization (archived here). These emissions are a crucial part of emissions accounting as they represent a company’s immediate and direct impact on the environment. Definition and Examples Scope 1 emissions encompass all…
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Legal Background for Climate Reporting in Switzerland
On January 1, 2024, the Climate Reporting Ordinance came into force. The Climate Reporting Ordinance is based on the indirect counterproposal to the Responsible Business Initiative (RBI) and provides large Swiss publicly traded companies, banks, and insurance companies with guidance and clarity on the information they must include in their…