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In the Push to Net-Zero, Scope 3 Emissions Are Increasingly on the Radar. Here's Why They Put Companies in a Tricky Spot

By Julius Melnitzer

In the Push to Net-Zero, Scope 3 Emissions Are Increasingly on the Radar. Here's Why They Put Companies in a Tricky Spot

By Julius Melnitzer

Published 03-31-22

Submitted by Enbridge Inc.

Large outdoor holding tank with Enbridge logo on the side
Enbridge facility on Plank Road in Sarnia. PHOTO BY FILE PHOTO/THE OBSERVER. Image courtesy of Financial Post.

Originally published by Financial Post

Enbridge Inc., the first midstream company to commit to net-zero, has a long history of addressing Scope 3 emissions — those generated not through operations but across the value chain.

“Despite the current limited guidance defining Scope 3 emission parameters for our sector, we have been tracking and reporting on these emissions since 2009,” said Pete Sheffield, the company’s chief sustainability officer, in an email responding to questions from Financial Post. Enbridge currently reports utility customer natural gas usage, employee air travel and electricity grid loss. In 2021, the company added new Scope 3 metrics tracking the emissions intensity of the energy it delivers and the emissions avoided through its investments in renewables, low carbon fuels and conservation programs.

Otherwise, Enbridge is working to clarify the parameters of Scope 3 emissions practices for the midstream sector by collaborating with the Science Based Targets initiative, which helps companies set science-based emissions reduction targets, as well as with other groups.

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Enbridge Inc.

Enbridge Inc.

About Enbridge

At Enbridge, our name spells out our mission: a bridge to a sustainable energy future. That bridge safely connects millions of people around the world to the energy they rely on every day, fueling quality of life. Whether it’s natural gas, oil or renewable power, the energy we deliver through networks spanning North America and our growing European offshore wind portfolio helps to heat homes, feed families, fuel vehicles and power industry. We’re investing in modern energy infrastructure to sustain access to secure, affordable energy. We’re also building on two decades of experience in renewable energy to advance new low-carbon energy technologies including hydrogen, renewable natural gas and carbon capture and storage. We’re committed to reducing the carbon footprint of the energy we deliver, and to achieving net zero greenhouse gas emissions by 2050.

Headquartered in Calgary, Alberta, Enbridge’s common shares trade under the symbol ENB on the Toronto (TSX) and New York (NYSE) stock exchanges. To learn more, visit us at Enbridge.com

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