Company attributes
Other attributes
Scope 5 provides sustainability management software designed to improve environmental and economic impacts by tracking progress, revealing waste, and driving action. The company's software can track any type of sustainability data at any scope by facility or product-line, and much more, enabling organizations to reduce environmental impacts.
The company's software uses data to quantify companies' resource use and emissions in order to help those companies be more sustainable. This is done through an import of data, which in turn, through Scope 5's software, builds an emissions inventory and provides users with an inventory of emissions sources and key indicators for better analytics into emissions. The software further works to reveal places where users are wasting resources and where those users can increase their sustainability. As well, the company's software sustainability solutions work to offer users a return on investment so the company using Scope 5's software can increase their sustainability without penalty.
The sources of data for tracking emissions metrics used by Scope 5 are flexible and dependent on the business a company is involved in, the activities they partake in, the emission sources that company is concerned about, and any sources of emissions or emissions types that a company is required by law to report. Scope 5 tracks all Scope 1, 2, and 3 emissions. Typical examples of these include:
- Electricity
- Stationary combustion
- Mobile combustion
- Fugitive emissions
- Onsite fuel
- Business travel
- Employee commutes
- Water
- Waste
- Procurement
- Supply chain
Scope 5 also works to track metrics such that a company can reasonably reduce their emissions and reduce their waste without negatively impacting their business. Such that, if a business's main operation uses water as a product ingredient, it may prove difficult to materially reduce water use and, generally, a company cannot change the source or corresponding emissions if supplied by a local authority. And, in the above example, Scope 5's software would find other places in the company emissions where they could reduce.
Scope emissions covered by Scope 5
Scope 5 introduced new features to help users track emissions data in order to meet The Greenhouse Gas (GHG) Protocol's addition of a market-based method in the Scope 2 guidance. This guidance standardizes how companies measure emissions from purchased or acquired electricity, steam, heat, and cooling. Scope 2 guidance also helps companies track renewable energy credits and works to benefit companies that work to reduce overall emissions through energy conservation, efficiency upgrades, and supply switches where possible. The new Scope 2 guidance requires dual reporting, which Scope 5's software works to help. This dual reporting measures both location and market-based results for any organization where supplier-specific emission factors are available.
