Classification Systems for Setting Net-Zero Targets for Industries

摘要: The structure of the Global Industry Classification Standard (GICS) system and how it is used in the OECM are described, as well as how the statistical data of the International Energy Agency (IEA) were merged with the GICS structure. The development of the pathways for the industry and service sectors, based on the GICS and IEA data, is explained, together with the parameters that are important for the financial industry. In this context, the definitions of Scope 1, 2, and 3 emissions newly developed for the OECM are explained, as well as how the systemic error of double counting in the original procedure can now be avoided.