Risks and opportunities under TSRS can arise from the value chain, not just from the entity's own operations. Scope 3 emissions and collecting data from suppliers are the hardest part of value chain reporting.
Source: TSRS 1, TSRS 2, Sera Gazı Protokolü
Related terms
Scope 1, 2 and 3 emissionsThe classification of greenhouse gas emissions by source into direct emissions (Scope 1), indirect emissions from purchased energy (Scope 2) and other indirect emissions in the value chain (Scope 3).TSRS 1The standard setting out the general requirements for the disclosure of sustainability-related financial information.Third-party riskOperational, compliance, financial, information security and reputational risks arising from the activities of third parties such as suppliers, dealers, agents and outsourced service providers.Carbon Border Adjustment Mechanism (CBAM)An EU regulation that puts a price on the embedded carbon emissions in the production of certain goods imported into the European Union.Carbon creditA tradable certificate representing one tonne of carbon dioxide equivalent of greenhouse gas reduction or removal achieved by a verified project.Carbon footprintThe total greenhouse gas emissions caused by an organisation, product or activity, expressed in carbon dioxide equivalent (tCO₂e).
Last updated: November 8, 2026 · This definition is for general information only.