RT Journal Article SR Electronic T1 Scope 3 Emissions: Measurement and Management JF The Journal of Impact and ESG Investing FD PMR SP jesg.2022.1.051 DO 10.3905/jesg.2022.1.051 A1 Gireesh Shrimali YR 2022 UL https://pm-research.com/content/early/2022/06/02/jesg.2022.1.051.abstract AB 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.