Corporate Climate Responsibility - GUIDANCE AND ASSESSMENT CRITERIA FOR GOOD PRACTICE CORPORATE EMISSION

realise that the direction of travel is set for the decarbonisation of the global economy, and it is increasingly attractive for The difficulty of distinguishing real climate leadership from them to assume a leading role in that new paradigm. [...] The Companies should report scope 2 emissions using both the location-based and market-based vagueness of this specific guidance represents a significant limitation, since the way in which method, taking the highest of the two values for their calculation of their total emissions companies report on these emissions and include them in their targets can significantly strengthen footprint. [...] Table 3: Assessment criteria for tracking and disclosure of emissions TRACKING AND DISCLOSURE OF EMISSIONS Assessed for the following emission scopes individually: Scope 1, Scope 2, Scope 3 upstream, Scope 3 downstream Assessed for subsidiary coverage The disclosure of emissions from the emissions scope is complete and presented in a way that facilitates a thorough understanding. [...] Table 5: Assessment criteria for the specificity and sufficiency of own emission reduction targets OWN EMISSION REDUCTION TARGETS IN SHORT-, MEDIUM-, AND LONGER-TERM TRANSPARENCY INTEGRITY The target fulfils all the following criteria: The target fulfils all the following criteria, if applicable to the situation: Clearly specifies the scope coverage and target year; and Targeted emission reduction. [...] The target fulfils all the following criteria: Targeted emission reductions for most of the company’s major emission sources are in line with 1.5°C compatible • Clearly specifies the scope coverage and target year; and trajectories or benchmarks for the sector, according to available literature.