Sep 19, 2023 · Addressing scope 3 upstream emissions means working to decarbonize entire value chains. The Organisation for Economic Cooperation and Development (OECD) estimates that around 70% of international trade today involves global value chains (GVCs), as services, raw materials, parts and components cross borders – often numerous times – before being …

Jan 17, 2024 · Scope 3 emissions often make up the largest portion of a company’s carbon footprint and recognizing and addressing this is critical in the urgent race to combat the climate crisis. To reduce Scope 3 emissions, companies must use the power of procurement and become more collaborative.

Jan 16, 2023 · Since scope 3 emissions usually account for more than 70% of a business's carbon footprint but aren’t generally reported on ESG (environmental, social and governance) reports, shifting focus to this class is crucial in reaching climate targets.

Dec 12, 2023 · Scope 3 emissions, which account for more than 70% of industries’ greenhouse gas (GHG) emissions, represent a critical challenge. This white paper serves as a practical roadmap for businesses navigating the intricate terrain of Scope 3 decarbonization and accelerating their contributions to global climate efforts.

Nov 29, 2023 · Scope 3 upstream emissions are an emission hotspot for many companies and on average ~11.4 times greater than operational emissions. Yet, these emissions are notoriously difficult to tackle as they expand beyond a company’s direct CO2 emissions, as one company alone can have more than thousands of suppliers.

Jun 27, 2023 · Because Scope 3 emissions account for a substantial portion of a company's total carbon footprint – often exceeding the combined impact of Scope 1 and Scope 2 emissions – it is crucial that companies take responsibility for addressing their scope 3 emissions, both upstream and downstream, rather than leaving the challenge solely on their ...

Dec 4, 2023 · Scope 3 emissions are mostly downstream in industries with their own measurement methods and over which mining firms have little control. As in agriculture and food, there is a concern about a proliferation of reporting standards with the risk of different jurisdictions adopting different requirements when reporting becomes mandatory.

Sep 20, 2022 · Greenhouse gas emissions are divided into four categories for businesses and organizations – Scope 1, Scope 2, Scope 3 and the voluntary category of Scope 4. Companies will need to cut emissions across all Scopes 1-3 to meet internationally agreed targets on …

Nov 22, 2023 · On average, scope 3 emissions – which cover those outside a company’s direct operational control –represent 75% of a company’s emissions profile. A far better approach to reduce such emissions would be for every company in the product’s value chain that needs to be decarbonized to work together.

Sep 15, 2022 · Tackling scope 3 emissions is especially complicated in the manufacturing sector. It requires both the expert knowledge, measurement tools, and resources within an organization and the ability to collaborate across the value chain in scalable ways that bring others – like suppliers, customers and employees – along on the journey.