Scope 3 emissions: These are indirect greenhouse gas (GHG) emissions from sources outside of a company's direct control, such as emissions from the production and consumption of the oil and gas they produce. To manage Scope 3 emissions, oil and gas companies can:
- Reduce flaring and methane emissions from their operations, which can have a significant impact on Scope 3 emissions.
- Develop low-carbon and renewable energy businesses to reduce the reliance on fossil fuels.
- Engage with suppliers and customers to encourage them to reduce their emissions and transition to low-carbon energy sources.