UK Finance responds to DESNZ’s call for evidence on Scope 3 emissions reporting.

We are pleased to respond to the call for evidence of the UK DESNZ on the benefits, costs, and practicalities of Scope 3 greenhouse gas (GHG) emissions reporting in the UK, including links to the government’s Streamlined Energy and Carbon Reporting (SECR) framework.

We support greater Scope 3 emissions reporting, aligned with ISSB requirements
Regulators and Government should offer relevant and appropriate support and reliefs to companies while they build their capabilities and as data sources and experience improve
The Government should maximise international interoperability and provide the ISSB and Scope 3 implementation timelines
Government should make efforts to support SMEs