SOFR and Scope 3 emissions: Difference between pages

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(Create page. Source - Greenhouse Gas Protocol - https://ghgprotocol.org/sites/default/files/standards/ghg-protocol-revised.pdf)
 
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''US interest rate benchmarks''.
''Sustainability - environmental policy - greenhouse gas emissions.''  


SOFR is the Secured Overnight Financing Rate.  
Scope 3 emissions relate to all of an organisation's indirect emissions, apart from purchased electricity and the like (covered by Scope 2).


This is a broad treasuries repo financing rate, recommended as a benchmark by the Alternative Reverence Rates Committee (ARRC) of the Federal Reserve.
Scope 3 emissions include all other purchased goods and services, travel and commuting, waste disposal, transport and distribution, use of sold products, investments, leased assets and franchises.


It is published by the New York Fed at approximately 8am local time.
''(Source - Greenhouse Gas Protocol)''




3 April 2018 was the first time SOFR was published. It is calculated based on actual transactions and is a volume-weighted median.
== See also ==
* [[Carbon credits]]
* [[Carbon footprint]]
* [[Carbon-neutral]]
* [[Carbon tax]]
* [[CO2]]
* [[Corporate social responsibility]]
* [[CRC Energy Efficiency Scheme]]
* [[Emissions]]
* [[Environmental concerns]]
* [[Environmental profit and loss]]
* [[Footprint]]
* [[Greenhouse gas]]
* [[Key performance indicator]]
* [[Montreal Pledge]]
* [[Renewables]]
* [[Revolving credit facility]]
* [[Science Based Targets initiative]]
* [[Scope 1 emissions]]
* [[Scope 2 emissions]]
* [[Sustainable Development Goals]]
* [[Zero emissions]]


In the first three months of the publication of SOFR the underlying overnight lending transaction volume was on average approximately USD 800 billion.


==External link==
* [https://ghgprotocol.org/sites/default/files/standards/ghg-protocol-revised.pdf Greenhouse Gas Protocol]


LIBOR, which is currently used as the main benchmark rate, is expected to discontinue by 2021 in light of multiple irregularities and lack of sustainability in the absence of an active underlying market.
[[Category:Accounting,_tax_and_regulation]]
 
[[Category:The_business_context]]
SOFR is the new benchmark USD rate (alternatively known as risk-free rate) and ARRC is working with the industry to transition to SOFR from LIBOR.   
[[Category:Corporate_finance]]
 
[[Category:Investment]]
 
[[Category:Long_term_funding]]
==See also==
[[Category:Compliance_and_audit]]
*[[Alternative Reference Rates Committee]]
[[Category:Ethics]]
*[[Federal Reserve]]
[[Category:Identify_and_assess_risks]]
*[[IBOR]]
[[Category:Manage_risks]]
*[[LIBOR]]
[[Category:Risk_frameworks]]
*[[Reference rate]]
[[Category:Risk_reporting]]
*[[Risk-free rates]]
*[[Repo]]
*[[Treasury]]
 
 
===Other links===
 
[[Media:Slaughter and May interest rate benchmarks.pdf| 2021: A Benchmark Odyssey, Practical Guidance for Treasurers on interest rate benchmarks, Slaughter and May]]
 
[[Category:Corporate_financial_management]]

Revision as of 06:01, 17 July 2021

Sustainability - environmental policy - greenhouse gas emissions.

Scope 3 emissions relate to all of an organisation's indirect emissions, apart from purchased electricity and the like (covered by Scope 2).

Scope 3 emissions include all other purchased goods and services, travel and commuting, waste disposal, transport and distribution, use of sold products, investments, leased assets and franchises.

(Source - Greenhouse Gas Protocol)


See also


External link

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