Any company seeking to implement a robust, effective climate strategy needs a thorough understanding of its greenhouse gas (GHG) emissions. Traditionally, corporate climate strategies have centered on scope 1 and 2 emissions.
Attention is now shifting towards scope 3 emissions. According to the GHG Protocol, these include "all other indirect emissions generated along the corporate value chain." This expanded focus acknowledges that truly addressing climate change requires examining entire supply chains, not just direct operations.
The impact is significant. Research shows that just eight supply chains — food, construction, fashion, consumer goods, electronics, professional services, automotive, and freight — generate more than half of global emissions. More striking still, a relatively small number of multinational corporations indirectly influence these emissions through purchasing decisions and product designs.
Our white paper explores scope 3 emissions in detail, including regulation, voluntary frameworks, best practices to reducing scope 3 emissions, and practical recommendations for how companies can leverage the voluntary carbon market to achieve their scope 3 related climate targets, including:
- Implementing transparent accounting and monitoring practices
- Collaborating and engaging stakeholders throughout customer and supplier networks
- Being responsive and agile in the face of changing regulation
Read more about it in our white paper.
Please get in touch or schedule a conversation with us today to learn more.
