Scope 3 Emissions Inventory and Calculation Tool Development (Seven Generations Energy Ltd)

Our project addresses the growing demand for corporations to better understand and report on the lifecycle greenhouse gas impacts of their corporate value chain. This expectation continually becomes ever prevalent in the face of evolving climate legislation and the global movement towards a transition to a low-carbon economy. Scope 3 (or indirect) emissions quantification across a corporation’s value chain allows a given company to understand and analyze the emissions intensity of products they produce. The benefits of quantifying corporate scope 3 emissions are far reaching and have the potential to generate meaningful sustainability linked business opportunities. Therefore, enhancing a company’s environment, social, and governance (ESG) reputation to stakeholders, individual consumers and the broader capital markets.

Our design offers an innovative corporate GHG impact evaluation tool with the capability of quantifying scope 3 emissions utilizing inputs specific to 7G’s value chain. Existing scope 3 emissions evaluation tools do not provide the input capability required to tailor specific processes and outputs to the operations of a Canadian exploration and production company. The tool also provides the capability to estimate future year scope 3 emissions with much higher certainty than other tools available through the utilization of easily forecastable input data specific to 7G.

Our tool is simplified for the typical user as the input sheets are compiled into one unified location which is navigable via the branched menu. Our competitors typically have many worksheets to compensate for the numerous amounts of input data required. Our tool’s navigation and layout is easy to follow and utilize. As well, the tool is capable of taking rich data for accurate calculations and poor data for scale of magnitude calculations. Our tool provides in-depth analysis on a modular basis (for emissions) which can be compared to 7G’s total scope 3 emissions to see where large amounts of emissions are being produced in the value chain.

Our tool’s results were compared to other existing tools and literature values to ensure the reliability of our calculation methodologies utilized. As well, we did external research to acquire emission factors that better reflected 7G’s scope 3 assets. The models that we chose to utilize or develop for our calculation tool were justified with sources prior to implementation to ensure that we are not providing an incorrect model for our client.

The product is designed on excel (supported by VBA) and is accessible by most employees that would like to utilize the tool. Therefore, the software implementation of this tool is very feasible and cost effective for 7G. It is also convenient to obtain or estimate the required data for inputs which makes the implementation of the software feasible for 7G.