PCAF - Scope 3 Oil and Gas

Hi all,

For the PCAF phased introduction of reporting scope 3 emissions, I can’t tell if the language in the guidance explicitly means companies reporting in 2021 or relating to investments in 2021. From what date must institutions disclose their investments scope 3?

Text below:

In practice, this means that financial institutions shall start including scope 3 emissions for the oil, gas, and mining sectors from 2021 onward and additional sectors will be added from 2024. In the years toward 2024, PCAF will monitor the data availability and impact for these additional sectors and will provide additional guidance on the reporting requirements.

Thank you for your help.

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