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| Type | Working Paper |
| Scope | Discipline-based scholarship |
| Title | Decreasing the Impact of Climate Change in Value Chains by Sustainable Digital Finance |
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| Institution | University of Zurich |
| Series Name | Swiss FinTech Innovation Lab |
| Number | 4 |
| Date | 2021 |
| Abstract Text | Sustainable finance has gained great importance in recent years as asset managers have complemented their short-term profitability goals with long-term sustainability goals. This requires companies to disclose their environmental data and increase the transparency of emission distributions across entire value chains. However, this degree of disclosure currently leaves much to be desired as data availability, access and reliability are very often poor. Especially the scope 3 emissions which focus on suppliers and customers of emitting firms, have so far been left out. This is in sharp contrast to their relevance as scope 3 emissions in many cases contain four times the emissions than scope 1 and scope 2 emissions together. The prototype developed in this research aims to close this gap and develops a prototype for scope 3 emissions and uses real world data to evaluate its applicability. It was developed in collaboration with the UN-convened Net-Zero Asset Owner Alliance and provides functions for the analysis of scope 3 emission data across entire value chains and thus closes the gap of missing scope 3 emission data. The research also shows that the data that serve as input are often lacking or are of poor quality. For this, potential enhancements by financial technologies like blockchain or artificial intelligence are discussed, in order to get higher amounts and more reliable data. This paper contributes to the literature on indirect value chain emissions and FinTech applications in climate contexts. |
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