%0 Journal Article %A Gireesh Shrimali %T Scope 3 Emissions: Measurement and Management %D 2022 %R 10.3905/jesg.2022.1.051 %J The Journal of Impact and ESG Investing %P jesg.2022.1.051 %X Given that climate change is one of the biggest risks facing the real economy as well as the financial industry, there is an urgent need to measure and manage this risk. One way to measure this risk is the carbon exposure of products and their corresponding supply chains. While the process of measuring and managing Scope 1 and Scope 2 emissions is well established, the same cannot be said of Scope 3 emissions. This article first provides an overview of frameworks for measuring and managing Scope 3 emissions in an ideal world, where product-level marginal emission factors are known with certainty. It then lays out the issues surrounding the measurement and management of uncertain Scope 3 emissions. It also discusses the progress made so far on these issues, provides recommendations, and lays out a research agenda for future work. %U https://jesg.pm-research.com/content/pmrjesg/early/2022/06/02/jesg.2022.1.051.full.pdf