Scope 3 Emissions

BlackRock Warns Companies Over Greenhouse Gas Emissions Disclosures

Reuters | |

Polluting companies must disclose the full scope of their greenhouse gas emissions or risk confrontation with investors at their annual shareholders meetings, the world’s biggest asset manager BlackRock said on Wednesday.

The warning is the first time BlackRock has publicly sought the release of so-called Scope 3 emissions data, part of its plans to hold companies more to account over climate change.

Exxon Discloses Emissions From Burning Its Fuels, Under Pressure From Investors

Reuters | |

Exxon Mobil Corp, under increasing pressure from investors and climate change activists, reported for the first time the emissions that result when customers use its products such as gasoline and jet fuel.

The largest U.S. oil producer said the emissions from its product sales in 2019 were equivalent to 730 million metric tons of carbon dioxide, higher than rival oil majors. The data comes as the company has drawn the ire of an activist investor focused on its climate performance.

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