Companies face the risk of non-compliance with upcoming governance and sustainability regulations

According to ESG Clarity UK businesses risk fines for missing emissions reporting deadline. Almost two-thirds (60%) of UK companies are set to miss an upcoming Scope 3 emissions reporting deadline, according to a survey, putting them at risk of fines and losing customers.

Scope 3 emissions are those not produced by a company itself, or the result of its activities, but by companies it’s indirectly responsible for, up and down its value chain. 

The research, undertaken by Censuswide, surveyed 800 businesses of 250 employees or more in sectors including retail, pharma, manufacturing, logistics and construction, as well as 2,000 consumers, to understand how prepared businesses are for new regulations around Scope 3 emissions, and what impact non-compliance might have on their customers.