The report highlights the importance of accurate carbon accounting for businesses to understand and manage their greenhouse gas emissions. Scope 3 emissions, which account for emissions throughout the value chain, are particularly important but often overlooked. The lack of coordinated public policy on climate change is a major challenge, but the UN Framework Convention on Climate Change has had limited success. The report suggests that the accounting profession has a key role to play in developing strategies and solutions to address the carbon challenge and deliver value in the low-carbon economy.
