{"id":39045,"date":"2026-04-06T15:03:07","date_gmt":"2026-04-06T13:03:07","guid":{"rendered":"https:\/\/www.co2news.sk\/?p=39045"},"modified":"2026-04-06T15:03:58","modified_gmt":"2026-04-06T13:03:58","slug":"revidovany-standard-scope-3-a-nove-pravidla-pre-vykazovanie-investicii-kategoria-15","status":"publish","type":"post","link":"https:\/\/www.co2news.sk\/ar\/2026\/04\/06\/revidovany-standard-scope-3-a-nove-pravidla-pre-vykazovanie-investicii-kategoria-15\/","title":{"rendered":"Revidovan\u00fd \u0161tandard Scope 3 a nov\u00e9 pravidl\u00e1 pre vykazovanie invest\u00edci\u00ed ( kateg\u00f3ria 15)"},"content":{"rendered":"<p>Prechod z p\u00f4vodn\u00e9ho \u0161tandardu Corporate Value Chain (Scope 3) z roku 2011 na jeho <a href=\"https:\/\/www.co2news.sk\/wp-content\/uploads\/2026\/04\/1775475827734.pdf\"><span style=\"color: #0000ff;\">revidovan\u00fa verziu<\/span><\/a>, ktorej fin\u00e1lne zverejnenie je napl\u00e1novan\u00e9 na marec 2026, predstavuje z\u00e1sadn\u00fd zlom v metodol\u00f3gii podnikov\u00e9ho vykazovania sklen\u00edkov\u00fdch plynov.<!--more--><\/p>\n<p><strong>1. Strategick\u00fd kontext rev\u00edzie \u0161tandardu Scope 3<\/strong><\/p>\n<p>T\u00e1to rev\u00edzia nie je len technickou aktualiz\u00e1ciou, ale strategick\u00fdm posunom smerom k plnej interoperabilite s medzin\u00e1rodn\u00fdmi finan\u010dn\u00fdmi \u0161tandardmi a vedeckej integrite. Cie\u013eom je zabezpe\u010di\u0165, aby d\u00e1ta o emisi\u00e1ch v hodnotovom re\u0165azci boli nato\u013eko robustn\u00e9, aby mohli sl\u00fa\u017ei\u0165 ako relevantn\u00fd podklad pre investorov a regul\u00e1torov v r\u00e1mci povinn\u00e9ho zverej\u0148ovania inform\u00e1ci\u00ed o udr\u017eate\u013enosti.<\/p>\n<p>Hlavn\u00e9 ciele rev\u00edzie s\u00fa \u0161trukt\u00farovan\u00e9 do troch pilierov, ktor\u00e9 zvy\u0161uj\u00fa transparentnos\u0165 a porovnate\u013enos\u0165:<\/p>\n<ul>\n<li><b>S\u00e9ria A (Kvalita d\u00e1t):<\/b> Zav\u00e1dza povinn\u00fa deagreg\u00e1ciu emisi\u00ed a pr\u00edsnej\u0161ie po\u017eiadavky na \u0161pecifickos\u0165 d\u00e1t, \u010do umo\u017e\u0148uje presnej\u0161ie sledovanie pokroku pri dekarboniz\u00e1cii.<\/li>\n<li><b>S\u00e9ria B (Hranice inventariz\u00e1cie):<\/b> Definuje exaktn\u00e9 kvantitat\u00edvne limity pre inkl\u00faziu emisi\u00ed, \u010d\u00edm nahr\u00e1dza predch\u00e1dzaj\u00face subjekt\u00edvne krit\u00e9ri\u00e1 vedecky podlo\u017een\u00fdm r\u00e1mcom.<\/li>\n<li><b>S\u00e9ria C (Invest\u00edcie):<\/b> Prehlbuje metodiku pre finan\u010dn\u00fd sektor, \u010d\u00edm zos\u00fala\u010fuje vykazovanie financovan\u00fdch emisi\u00ed s realitou ekonomickej expoz\u00edcie.<\/li>\n<\/ul>\n<p>K\u013e\u00fa\u010dov\u00fdm prvkom tejto transform\u00e1cie je strategick\u00e9 partnerstvo medzi GHG Protocol a Medzin\u00e1rodnou organiz\u00e1ciou pre normaliz\u00e1ciu (ISO). T\u00e1to spolupr\u00e1ca smeruje k harmoniz\u00e1cii svetov\u00fdch noriem pre \u00fa\u010dtovn\u00edctvo sklen\u00edkov\u00fdch plynov na \u00farovni organiz\u00e1ci\u00ed aj produktov. Autenticitu a urgenciu procesu pod\u010diarkuje fakt, \u017ee experti z technickej komunity ISO sa pripoja k pracovn\u00fdm skupin\u00e1m (TWGs) u\u017e v <b>prvom \u0161tvr\u0165roku (Q1) 2026<\/b>, aby finalizovali rev\u00edzie pred ich publik\u00e1ciou. Tento glob\u00e1lny konsenzus vytv\u00e1ra r\u00e1mec pre pr\u00edsne technick\u00e9 po\u017eiadavky na stanovenie hran\u00edc inventariz\u00e1cie.<\/p>\n<p><strong>2. Kvantitat\u00edvne stanovenie hran\u00edc: Pravidlo 95 % inkl\u00fazie (S\u00e9ria B)<\/strong><\/p>\n<p>Presn\u00e9 stanovenie hran\u00edc (Boundary Setting) je nevyhnutn\u00e9 pre zabezpe\u010denie \u00faplnosti inventariz\u00e1cie a elimin\u00e1ciu rizika selekt\u00edvneho vykazovania. Revidovan\u00fd \u0161tandard nahr\u00e1dza doteraj\u0161ie subjekt\u00edvne a kvalitat\u00edvne zd\u00f4vodnenia exaktnou <b>numerickou b\u00e1zou pre inkl\u00faziu a vyl\u00fa\u010denie emisi\u00ed<\/b>.<\/p>\n<p><strong>Nov\u00e1 po\u017eiadavka na 95 % pokrytie emisi\u00ed (Rev\u00edzia B1)<\/strong><\/p>\n<p>Spolo\u010dnosti s\u00fa po novom povinn\u00e9 vyk\u00e1za\u0165 minim\u00e1lne <b>95 % celkov\u00fdch povinn\u00fdch emisi\u00ed Rozsahu 3<\/b>. Tento pr\u00edstup zav\u00e1dza pr\u00edsny kvantitat\u00edvny prah, pri\u010dom povolen\u00e9 vyl\u00fa\u010denia (exclussions) s\u00fa limitovan\u00e9 na maxim\u00e1lne 5 %.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kateg\u00f3ria emisi\u00ed<\/td>\n<td>Po\u017eiadavka na vykazovanie<\/td>\n<td>Defin\u00edcia a limity<\/td>\n<\/tr>\n<tr>\n<td><b>Povinn\u00e9 emisie (Required)<\/b><\/td>\n<td>Povinn\u00e9<\/td>\n<td>Minim\u00e1lne 95 % celkov\u00e9ho objemu pod\u013ea kateg\u00f3ri\u00ed 1 \u2013 15.<\/td>\n<\/tr>\n<tr>\n<td><b>Volite\u013en\u00e9 emisie (Optional)<\/b><\/td>\n<td>Volite\u013en\u00e9<\/td>\n<td>Napr. facilitovan\u00e9 aktivity v novej kateg\u00f3rii 16.<\/td>\n<\/tr>\n<tr>\n<td><b>Povolen\u00e9 vyl\u00fa\u010denia<\/b><\/td>\n<td>Limit 5 %<\/td>\n<td>Maxim\u00e1lne 5 % povinn\u00fdch emisi\u00ed m\u00f4\u017ee by\u0165 vyl\u00fa\u010den\u00fdch (mus\u00ed by\u0165 zd\u00f4vodnen\u00e9).<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Proces kvantifik\u00e1cie a Hotspot anal\u00fdza (Rev\u00edzia B2, B3)<\/strong><\/p>\n<p>Aby spolo\u010dnos\u0165 mohla legit\u00edmne vyl\u00fa\u010di\u0165 ak\u00fako\u013evek \u010das\u0165 emisi\u00ed, mus\u00ed najprv kvantifikova\u0165 100 % svojich povinn\u00fdch emisi\u00ed Rozsahu 3. Na identifik\u00e1ciu v\u00fdznamn\u00fdch zdrojov sl\u00fa\u017ei <b>Hotspot anal\u00fdza<\/b>, ktor\u00e1 je definovan\u00e1 ako vysoko\u00farov\u0148ov\u00e1 kvantifik\u00e1cia (vyu\u017e\u00edvaj\u00faca napr. odvetvov\u00e9 priemery alebo spend-based d\u00e1ta). Tento proces je vedecky rigor\u00f3znej\u0161\u00ed ne\u017e predch\u00e1dzaj\u00face met\u00f3dy, preto\u017ee vy\u017eaduje exaktn\u00fd d\u00f4kaz, \u017ee kumulat\u00edvny vplyv vyl\u00fa\u010den\u00ed neprekra\u010duje 5 % prah.<\/p>\n<p><strong>Defin\u00edcia &#8222;De minimis&#8220; emisi\u00ed (Rev\u00edzia B5)<\/strong><\/p>\n<p>Pojem <i>\u0627\u0644\u062d\u062f \u0627\u0644\u0623\u062f\u0646\u0649<\/i> ozna\u010duje emisie, ktor\u00e9 s\u00fa d\u00f4vodne pova\u017eovan\u00e9 za nev\u00fdznamn\u00e9 alebo zanedbate\u013en\u00e9. \u0160tandard prin\u00e1\u0161a \u0161pecifick\u00fd pr\u00edklad: <b>kancel\u00e1rske spinky a svorky<\/b>. Hoci tieto polo\u017eky nie je potrebn\u00e9 detailne vy\u010d\u00eds\u013eova\u0165, ich predpokladan\u00fd objem sa povinne zapo\u010d\u00edtava do celkov\u00e9ho 5 % limitu pre povolen\u00e9 vyl\u00fa\u010denia.<\/p>\n<p>Tieto pr\u00edsne kvantitat\u00edvne hranice (95 %) s\u00fa v praxi nevykonate\u013en\u00e9 bez paraleln\u00e9ho vylep\u0161enia kvality d\u00e1t, ktor\u00e9mu sa venuj\u00fa po\u017eiadavky v S\u00e9rii A.<\/p>\n<p><strong>3. Kvalita d\u00e1t a po\u017eiadavky na deagreg\u00e1ciu (S\u00e9ria A)<\/strong><\/p>\n<p>Strategick\u00fdm cie\u013eom je prechod od hrub\u00fdch odhadov zalo\u017een\u00fdch na v\u00fddavkoch (spend-based) k prim\u00e1rnym d\u00e1tam z\u00edskan\u00fdm priamo z dod\u00e1vate\u013esk\u00e9ho re\u0165azca. Presnos\u0165 d\u00e1t je podmienkou pre overite\u013en\u00e9 tvrdenia o zni\u017eovan\u00ed emisi\u00ed.<\/p>\n<p><strong>Deagreg\u00e1cia emisi\u00ed pod\u013ea typu d\u00e1t (Rev\u00edzia A1)<\/strong><\/p>\n<p>Revidovan\u00fd \u0161tandard zav\u00e1dza povinn\u00fa deagreg\u00e1ciu emisi\u00ed do \u00farovn\u00ed (tierov) pod\u013ea typu podkladov\u00fdch d\u00e1t. Je d\u00f4le\u017eit\u00e9 poznamena\u0165, \u017ee <b>konkr\u00e9tne pravidl\u00e1 klasifik\u00e1cie pre jednotliv\u00e9 tiery s\u00fa v s\u00fa\u010dasnosti predmetom finaliz\u00e1cie<\/b> (uva\u017euje sa o 4 a\u017e 5 \u00farovniach). Cie\u013eom je transparentne oddeli\u0165 emisie vypo\u010d\u00edtan\u00e9 na z\u00e1klade \u0161pecifick\u00fdch faktorov od ne\u0161pecifick\u00fdch (priemern\u00fdch) odhadov.<\/p>\n<p><strong>Povinn\u00e9 zverej\u0148ovanie verifik\u00e1cie (Rev\u00edzia A2)<\/strong><\/p>\n<p>Zvy\u0161ovanie d\u00f4veryhodnosti reportov vy\u017eaduje jasn\u00e9 ozna\u010denie stavu overenia tre\u0165ou stranou. Spolo\u010dnosti musia povinne pou\u017ei\u0165 nasleduj\u00face presn\u00e9 ozna\u010denia:<\/p>\n<ul>\n<li><b>Overen\u00e9 (Verified):<\/b> Cel\u00fd invent\u00e1r alebo kateg\u00f3ria pre\u0161li \u00faspe\u0161n\u00fdm auditom.<\/li>\n<li><b>\u010ciasto\u010dne overen\u00e9 (Partially verified):<\/b> Verifik\u00e1cia prebehla len pri vybran\u00fdch aktivit\u00e1ch.<\/li>\n<li><b>Neoveren\u00e9 (Not verified):<\/b> D\u00e1ta nepre\u0161li externou nez\u00e1vislou previerkou.<\/li>\n<\/ul>\n<p><strong>Odpor\u00fa\u010dania pre emisn\u00e9 faktory a ciele (Rev\u00edzia A5, A6, A7)<\/strong><\/p>\n<p>Spolo\u010dnosti by mali prioritne vyu\u017e\u00edva\u0165 emisn\u00e9 faktory s vysokou mierou \u00faplnosti (limit vyl\u00fa\u010den\u00ed max. 5 %). Z\u00e1rove\u0148 sa odpor\u00fa\u010da stanovi\u0165 si merate\u013en\u00e9 ciele na zlep\u0161enie \u0161pecifickosti d\u00e1t, napr\u00edklad percentu\u00e1lny podiel prim\u00e1rnych d\u00e1t v portf\u00f3liu.<\/p>\n<p>Dlhodob\u00fa presnos\u0165 reportingu ovplyv\u0148uje aj obmedzenie alok\u00e1cie d\u00e1t na \u00farovni korpor\u00e1cie len na <b>homog\u00e9nnych dod\u00e1vate\u013eov (Rev\u00edzia A8)<\/b>. Pri diverzifikovan\u00fdch dod\u00e1vate\u013eoch, kde intenzita emisi\u00ed v\u00fdrazne kol\u00ed\u0161e medzi r\u00f4znymi produktov\u00fdmi l\u00edniami, u\u017e alok\u00e1cia na z\u00e1klade celofiremn\u00fdch emisi\u00ed nie je pr\u00edpustn\u00e1.<\/p>\n<p><strong>4. Metodika pre Kateg\u00f3riu 15: Invest\u00edcie a financovan\u00e9 emisie (S\u00e9ria C)<\/strong><\/p>\n<p>Kateg\u00f3ria 15 je kritick\u00e1 pre finan\u010dn\u00e9 in\u0161tit\u00facie, preto\u017ee rev\u00edzia zu\u017euje jej rozsah v\u00fdhradne na investi\u010dn\u00e9 aktivity, zn\u00e1me ako <b>financovan\u00e9 emisie (Financed Emissions)<\/b>.<\/p>\n<p><strong>V\u00fdpo\u010det proporcionality: Zahrnutie dlhu (Rev\u00edzia C10)<\/strong><\/p>\n<p>Z\u00e1sadnou zmenou v metodike v\u00fdpo\u010dtu podielu investora na emisi\u00e1ch subjektu je \u00faprava menovate\u013ea. Po novom sa do v\u00fdpo\u010dtu povinne zah\u0155\u0148a nielen vlastn\u00e9 imanie, ale aj dlh (<b>Equity + Debt<\/b>). Tento pr\u00edstup je v plnom s\u00falade so <b>\u0161tandardmi PCAF<\/b>, \u010d\u00edm sa zabezpe\u010duje interoperabilita a rovnomern\u00e9 rozdelenie zodpovednosti medzi dr\u017eite\u013eov akci\u00ed a dlhopisov.<\/p>\n<p><strong>Nov\u00e9 hranice investovan\u00fdch subjektov (Rev\u00edzia C6)<\/strong><\/p>\n<p>Oproti \u0161tandardu z roku 2011 doch\u00e1dza k v\u00fdznamn\u00e9mu roz\u0161\u00edreniu hran\u00edc. Finan\u010dn\u00e9 in\u0161tit\u00facie s\u00fa teraz <b>povinn\u00e9 zahrn\u00fa\u0165 emisie Rozsahu 1, 2 a po novom aj Rozsahu 3 investovan\u00fdch subjektov<\/b>. Toto predstavuje z\u00e1sadn\u00fa technick\u00fa v\u00fdzvu, no je to nevyhnutn\u00e9 pre z\u00edskanie kompletn\u00e9ho obrazu o klimatickej expoz\u00edcii portf\u00f3lia.<\/p>\n<p><strong>Klasifik\u00e1cia finan\u010dn\u00fdch n\u00e1strojov v Kateg\u00f3rii 15<\/strong><\/p>\n<p>Nasleduj\u00faca tabu\u013eka \u0161pecifikuje n\u00e1stroje patriace do kateg\u00f3rie 15 (pod\u013ea Rev\u00edzie C2 a Annexu B):<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Skupina n\u00e1strojov<\/td>\n<td>Patria do Kateg\u00f3rie 15 (Povinn\u00e9)<\/td>\n<td>Pr\u00edklady n\u00e1strojov<\/td>\n<\/tr>\n<tr>\n<td><b>Akciov\u00e9 invest\u00edcie<\/b><\/td>\n<td>\u00c1no<\/td>\n<td>Kme\u0148ov\u00e9 akcie, private equity.<\/td>\n<\/tr>\n<tr>\n<td><b>Dlhov\u00e9 n\u00e1stroje<\/b><\/td>\n<td>\u00c1no<\/td>\n<td>Korpor\u00e1tne dlhopisy, komer\u010dn\u00e9 \u00favery.<\/td>\n<\/tr>\n<tr>\n<td><b>Projektov\u00e9 financovanie<\/b><\/td>\n<td>\u00c1no<\/td>\n<td>Financovanie konkr\u00e9tnych priemyseln\u00fdch akt\u00edv.<\/td>\n<\/tr>\n<tr>\n<td><b>Spotrebite\u013esk\u00e9 financovanie<\/b><\/td>\n<td>\u00c1no<\/td>\n<td><b>Hypot\u00e9ky (Mortgages), p\u00f4\u017ei\u010dky na vozidl\u00e1.<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Emisie z invest\u00edci\u00ed podliehaj\u00fa rovnak\u00e9mu 5 % prahu pre vyl\u00fa\u010denia ako ostatn\u00e9 kateg\u00f3rie (Rev\u00edzia C8), \u010do n\u00fati in\u0161tit\u00facie k rigor\u00f3znemu pos\u00fadeniu cel\u00e9ho portf\u00f3lia.<\/p>\n<p><strong>5. Facilitovan\u00e9 aktivity a nov\u00e1 Kateg\u00f3ria 16<\/strong><\/p>\n<p>Vznik kateg\u00f3rie 16 je reakciou na potrebu zachyti\u0165 vplyv in\u0161tit\u00faci\u00ed tam, kde akt\u00edva priamo nevlastnia, ale generuj\u00fa z nich pr\u00edjem. Ide o tzv. <b>facilitovan\u00e9 emisie (Facilitated Emissions)<\/b>.<\/p>\n<p><strong>Defin\u00edcia a rozsah Kateg\u00f3rie 16<\/strong><\/p>\n<p>Kateg\u00f3ria 16 zah\u0155\u0148a aktivity sprostredkovania, kde reportingov\u00e1 firma nevlastn\u00ed, nekupuje ani nepred\u00e1va dan\u00fa aktivitu (Rev\u00edzie C3, C4, B11). Patria sem:<\/p>\n<ul>\n<li>Poistenie a zaistenie (Insurance-associated activities).<\/li>\n<li>Upisovanie a emisia cenn\u00fdch papierov (Underwriting).<\/li>\n<li>Licencovanie (Licensing).<\/li>\n<li>Sprostredkovate\u013esk\u00e9 slu\u017eby (Brokerage).<\/li>\n<\/ul>\n<p><strong>Strategick\u00fd rozdiel a konzistentnos\u0165<\/strong><\/p>\n<p>Zatia\u013e \u010do vykazovanie v kateg\u00f3rii 15 (invest\u00edcie) je povinn\u00e9, kateg\u00f3ria 16 zost\u00e1va pre v\u00e4\u010d\u0161inu subjektov <b>volite\u013en\u00e1<\/b>. V\u00fdnimku tvoria distrib\u00fatori ropy a plynu, pre ktor\u00fdch s\u00fa ur\u010dit\u00e9 facilitovan\u00e9 aktivity z\u00e1v\u00e4zn\u00e9. Revidovan\u00fd \u0161tandard v Rev\u00edzii B12 explicitne odkazuje na extern\u00e9 priemyseln\u00e9 r\u00e1mce, najm\u00e4 <b>PCAF<\/b>, aby sa zabezpe\u010dila metodick\u00e1 konzistentnos\u0165 pri vykazovan\u00ed facilitovan\u00fdch emisi\u00ed v r\u00e1mci cel\u00e9ho finan\u010dn\u00e9ho sektora.<\/p>\n<p>T\u00e1to nov\u00e1 metodika nepredstavuje len administrat\u00edvnu z\u00e1\u0165a\u017e, ale je n\u00e1strojom na z\u00edskanie presn\u00e9ho obrazu o klimatick\u00fdch rizik\u00e1ch. Oddelenie \u010dist\u00fdch invest\u00edci\u00ed (Kat. 15) od in\u00fdch finan\u010dn\u00fdch slu\u017eieb (Kat. 16) umo\u017e\u0148uje in\u0161tit\u00faci\u00e1m lep\u0161ie alokova\u0165 kapit\u00e1l v s\u00falade s cie\u013emi dekarboniz\u00e1cie. <em><strong>JRi&amp;CO2AI\u00a0<\/strong><\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>Prechod z p\u00f4vodn\u00e9ho \u0161tandardu Corporate Value Chain (Scope 3) z roku 2011 na jeho revidovan\u00fa verziu, ktorej fin\u00e1lne zverejnenie je napl\u00e1novan\u00e9 na marec 2026, predstavuje z\u00e1sadn\u00fd zlom v metodol\u00f3gii podnikov\u00e9ho vykazovania sklen\u00edkov\u00fdch plynov.<\/p>","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34],"tags":[],"class_list":["post-39045","post","type-post","status-publish","format-standard","hentry","category-lca_esg_ghg_csddd_csrd_iso_flr"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.co2news.sk\/ar\/wp-json\/wp\/v2\/posts\/39045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.co2news.sk\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.co2news.sk\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.co2news.sk\/ar\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.co2news.sk\/ar\/wp-json\/wp\/v2\/comments?post=39045"}],"version-history":[{"count":3,"href":"https:\/\/www.co2news.sk\/ar\/wp-json\/wp\/v2\/posts\/39045\/revisions"}],"predecessor-version":[{"id":39049,"href":"https:\/\/www.co2news.sk\/ar\/wp-json\/wp\/v2\/posts\/39045\/revisions\/39049"}],"wp:attachment":[{"href":"https:\/\/www.co2news.sk\/ar\/wp-json\/wp\/v2\/media?parent=39045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.co2news.sk\/ar\/wp-json\/wp\/v2\/categories?post=39045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.co2news.sk\/ar\/wp-json\/wp\/v2\/tags?post=39045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}