What should a holding company with no operations report as its carbon footprint?

Its own office is small. Under the control approach, subsidiaries it controls are consolidated into its Scope 1 and 2. Stakes it does not control fall in Scope 3 Category 15, investments, in proportion to its share.

Steps

• Pick a consolidation approach and apply it to every entity.
• Controlled subsidiaries: their Scope 1 and 2 roll up.
• Minority stakes: Category 15 by equity share.
• The holding company's own office power and travel.

Disclose

List which entities are in, which are in Category 15, and the approach used.

What Senseible does here

Senseible reads bills, fuel invoices and production records into dated, fingerprinted records, so the figure you send a buyer can be traced to its documents.

• Operational control vs equity share
• Joint venture stake

Sources: GHG Protocol Corporate Standard, GHG Protocol Corporate Value Chain (Scope 3) Standard

Last reviewed 2026-10-22.