|MAISY Scope 3 Financial Emissions Accounting
The SEC proposed emissions disclosure rules for Scope 3 emissions
in March 2022. Extensive comments both pro and con were submitted delaying
the final rule which, given political considerations, is not likely to occur
until after November 2024. In the meantime, the state of California passed
two bills in October 2023 that require Scope emissions disclosures that are
even more extensive than the SEC proposals. These emissions can easily account
for more than 95 percent of total emissions for financial and other firms.
This huge new reporting requirement opens the door to independent auditing
and challenging of the reported results, so affected firms need to take this
new rule seriously and to conscientiously conduct required analysis and reporting
to avoid challenges to corporate CSR commitments.
- Read more on reporting requirements.
- Scope 3 Financed Emissions Reporting: Beware - How Good Intentions Can Lead to Bad Outcomes (April 18, 2023)
- Mortgagor & CRE Emissions Calculations: A 3-Page Summary, June 21 2023 that provides important insights on emissions estimation issues.
- Jackson Associates provides consulting support to assist financial institutions in developing strategies to develop and report Scope 3 Financed Emissions for residential and commercial loan customers.
Benefits of MAISY Financed Emissions Accouting Data and Services
ACCURACY Provide the most accurate Scope 3 financed emissions accounting available with MAISY Emissions Accounting Data Products and Support Services. MAISY ZIP-Level Residential and Commercial Utility Customer Energy Use Databases and analysis draw on 25 Years of experience quantifying utility customer electricity, natural gas and fuel oil use and emissions. read more
TIME & COST SAVINGS With more than 25 years providing clients with the same kind of data and analysis required by Scope 3 emissions reporting, we can provide results more quickly, at significantly lower cost and with results that are more accurate with a more reliable methodology compared to new in-house efforts or any other outside source. read more
AUDITABLE Financial reporting requires auditable and transparent methodologies available with MAISY Scope 3 data and analysis. Databases are developed with US Energy and Commerce Department Data, utility reported data, and other public sources with statistical analysis procedures developed over decades of applications to a variety of “real-world” applications. read more
UPDATING AND SUPPORT MAISY Databases are updated on an annual basis or more frequently as new data becomes available. Support includes processing client data and providing energy use and emissions results and audit-quality documentary reports to assisting financial firms in identifying and organizing inputs required for the emissions analysis. read more
SCOPE 3 FINANCED EMISSIONS DATABASES ZIP-level emissions and financial institution consolidated emissions are based on loan customer data. This section describes this process including a summary of emissions estimation methodology. read more
NOTES AND WHITEPAPERS demonstrate benefits of using MAISY Scope 3 data and support services to support financed Scope 3 emissions reporting. read more