Scope 3 Emissions Reporting
Report on your portfolio’s Scope 3 emissions with Alfa Systems.
Using new functionality available in Alfa Systems, providers of equipment and automotive finance can now track and report on their operations’ Scope 3 greenhouse gas (GHG) emissions.
- A complementary add-on for current and prospective Alfa customers
Scope 3 Reporting measures emissions at the asset level, based on published emissions data and actual or predicted usage, and is available for reporting or extraction from the Alfa Systems reporting database - helping you make smarter, more sustainable decisions.
Features and benefits
Create Scope 3 reporting to help you meet published and future regulatory requirements for GHG emissions.
- Track all of the emissions-producing assets in your portfolio.
- Identify actual and predicted usage, over usage periods or the life of a contract.
- Update usage automatically via web services; for example, from a telemetry data feed or adjacent system.
- Retrieve published emissions data for classified assets.
- Applies to a diverse range of portfolios, including plant and machinery, construction, as well as ICE, EV and hybrid vehicles.
- A complementary add-on for current and prospective Alfa customers.
What are Scope 3 emissions?
On the road to net zero, leaders are increasing their focus on sustainability. Carbon emissions are measured and assessed in three scopes:
From 2025, companies in Europe, including those based elsewhere with European operations, will be required to report Scope 3 emissions across their value chain.
While reporting on Scope 3 isn’t yet a US mandate, Scope 3 is a requirement of the Science Based Targets initiative (SBTi)'s global Net Zero standard.
An organisation must choose whether to account for its GHG emissions on the basis of whether it has financial or operational control of the leased assets. The same approach must then be taken for all assets.
To avoid having to report the emissions for operating leases as Scope 1 or 2, we expect the majority of our customers to choose the operational approach. Therefore, the full emissions for all leased assets would fall into Scope 3 for the lessor.
About financed motor emissions
Financed emissions from motor vehicle loans (of all types - tractors and trucks, as well as cars) can be calculated in several ways, depending on what data is available to derive the vehicle’s emissions:
Use cases
We have considered the following use cases:
Alfa has developed a sophisticated reporting method to report attributable emissions for all of the above, and more.
Get in touch.
GHG Reporting is a complementary add-on for current and prospective Alfa customers.
