Scope 3 Emissions Accounting and Reporting Guidance for the mining and metals industry

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ICMM's Scope 3 Emissions Accounting and Reporting Guidance provides a standardised framework for mining and metals companies to calculate and disclose their value chain emissions. It aims to improve transparency and accelerate collaborative action with suppliers and customers on reducing these emissions.

The Guidance is based on the most widely used standard for accounting and reporting corporate greenhouse gas (GHG) emissions globally – the GHG Protocol Scope 3 Standard from the World Resources Institute (WRI) and World Business Council for Sustainable Development (WBCSD) – and tailored to the unique characteristics of the mining and metals industry.

Scope 3 emissions represent 75% of the emissions profile of a company on average – which can extend to 95% for mining and metals companies depending on their commodity portfolio.

As minerals and metals are the foundation of so many industries, this creates a particularly complex profile of Scope 3 emissions for the mining and metals industry, with significant variance across commodities and geographies. The Guidance helps companies to understand their unique emissions profiles to identify ‘hotspots’ where they can target efforts in partnership with suppliers and customers to achieve meaningful emission reductions.

The Guidance sets clear parameters for calculating emissions across the 15 categories of Scope 3 emissions in the GHG Protocol, and supports companies in applying the Protocol’s principles of Relevance, Completeness, Transparency, Accuracy and Consistency.