Whitepaper
GHG Protocol Scope 3 Revisions
What Real Asset Managers Cannot Afford to Miss
Scope 3 reporting is entering a new era of rigour, and real estate is firmly in the spotlight.
For real asset managers, the implications are significant.
The GHG Protocol’s Phase 1 Scope 3 revisions, published in March 2026, represent the most significant update since 2011 and give the market early visibility on the direction of travel ahead of final publication in late 2027.
This whitepaper outlines the key proposed changes, why they matter for real estate, and what companies should do now to prepare.
It sets out:
Implications – how the revisions could reshape Scope 3 reporting, data quality, assurance, tenant emissions, embodied carbon and investment-related emissions.
Possibilities – how early action can strengthen investor confidence, improve disclosure credibility and create a first-mover advantage.
Solutions – practical steps real asset managers can take now, from gap analysis and data quality roadmaps to tenant data strategies and supplier engagement.
The paper is written by EVORA’s senior consultants and directors, drawing on years of hands-on experience supporting real asset managers, as well as insight from work across thousands of assets. It is grounded in both deep industry knowledge, and the practical delivery challenges clients are facing today, and is part of our wider Insights programme.
“GHG Protocol Scope 3 Revisions: What Real Asset Managers Cannot Afford to Miss “
Written by: Naomi Getzler
With contributions from: Aoife Busher and Paul Sutcliffe
Download the paper
EVORA Insights: The Long View
Real asset investment is shaped by forces that unfold over decades. Yet much of the conversation still revolves around short-term signals, compliance cycles, and surface-level metrics.
The Long View is EVORA’s quarterly deep-dive series, developed as part of our wider Insights programme – including investor roundtables, research, and expert-led discussions. Each edition takes a single theme and examines it through the lens of long-term real asset performance, value, and resilience, drawing on EVORA’s work across global portfolios.
EVORA works with investors, owners, and operators across global real asset portfolios, combining sustainability advisory, managed services, and data-led insight.
The perspectives in this series are shaped by EVORA’s in-house specialists working day-to-day across investment strategy, asset management, decarbonisation, data, and reporting – grounded in live client challenges rather than theoretical models.
This series is where we step back, connect the dots, and look beyond the immediate horizon.
