UNVEILING CONSTRAINTS IN IDENTIFYING SCOPE 2 AND SCOPE 3 EMISSIONS, CHALLENGES, SOLUTIONS AND FUTURE PERSPECTIVES
This research paper explores the multifaceted challenges associated with calculating Scope 3 emissions, addressing the apparel, financial, and technology industries. These industries present unique challenges due to their diverse, globalized supply chains, varying levels of data transparency, and the intricate nature of their operations. In addition to identifying the limitations of existing approaches, this paper explores emerging opportunities to improve the accuracy and reliability of Scope 3 emission calculations. These opportunities include technological advancements, enhanced data collection practices, and industry-wide collaborations. Furthermore, the paper examines the evolving regulatory landscape and its implications for future corporate reporting on Scope 3 emissions.
By offering insights into both the challenges and potential solutions, this study aims to contribute to the broader discourse on corporate sustainability, Further on the paper provides solutioning on how technology plays important role when come to how the Corporates, Financials institutions, regulator and individuals can contribute towards the Carbon emission tracking Some emerging aspects is discussed on the current trends from Global corporations, Financial institutions & regulators, their Dominance in carbon tracking and evaluate its effectiveness and implications, The Paper also provided industry wide suggestion to the Financial sectors, Large Corporations, Regulators and individuals on how they track their own scope 3 emission and how they are, how they can and how they will contribute to the future of carbon tracking.
