According to The Conference Board, 43% of the S&P 500 publicly disclosed Scope 3 emissions in 2021, compared to 13% and 11% of the S&P MidCap 400 and Russell 3000, respectively.
Not surprisingly, even within the S&P 500, larger companies are more likely to make this disclosure, with 68% of companies ≥$50 billion in revenue (compared to 43% of the S&P 500 overall) having reported their Scope 3 emissions in 2021. In contrast, nearly 70% of the S&P 500 and about one-quarter of the S&P MidCap 400 disclose Scope 1 and Scope 2 emissions.
The data, which is based on companies’ publicly reported sustainability information in their Form 10-Ks, proxy statements, sustainability/CSR reports, and corporate websites, is available in The Conference Board’s “Sustainability Disclosure Practices - 2022 Edition (online dashboard), which we reported on here.
See these examples of Scope 3 disclosure in recently filed Form 10-Ks: CenterPoint Energy (Business and Risk Factors) | International Paper (Business) | Weyerhaeuser (Business) | Phillips 66 (MD&A) | United Airlines (Business) | Hershey (Business and Risk Factors).
Access numerous additional resources on our Climate Risk & Disclosure and Sustainability pages.
This post first appeared in the weekly Society Alert!