As the world continues to focus on combating climate change, it has become increasingly important to understand greenhouse gas (GHG) emissions, including Scope 3 emissions. Learn more about what Scope 3 emissions are, why they matter, and how to measure, monitor and report on them.
What are Scope 3 emissions?
Activating Supplier Engagement of Scope 3 Emissions
To support organisations at all stages of the supplier engagement journey, Anthesis has put together a guide that provides an overview of the key elements needed to execute a successful supply chain engagement program on scope 3 emissions and activate suppliers to set SBTs.
The Anthesis Greenhouse Gas Inventory Management solution Designed from the insights of over 4,000 GHG footprints globally, RouteZero accelerates the pace with which organisations can assess their impact and develop actionable decarbonisation plans.
Scope 3 Strategy
A Scope 3 strategy involves identifying and measuring Scope 3 emissions, setting targets for reducing emissions, and implementing actions to achieve these targets. This process involves collaboration with suppliers and customers to identify ways to reduce emissions throughout the value chain.
Identifying, demystifying and reducing these emissions requires digitisation of emissions data, stakeholder engagement, collaboration and innovative incentive frameworks.
Scope 3 emissions are more complex and difficult to calculate compared to scope 1 and 2 emissions. Calculations often start with a directional emissions estimate, such as a spend analysis, to identify emission hotspots while sourcing data from internal databases or third parties, including suppliers or customers.
To measure Scope 3 emissions, companies can use a range of tools and methodologies such as the GHG Protocol or life cycle analysis. To effectively and accurately track and monitor scope 3 emissions requires the implementation of streamlined systems to collect and analyse data across the entire value chain, from suppliers to end-users.
Supplier engagement is crucial to achieving Scope 3 emissions reduction targets. Companies can engage with their suppliers to identify ways to reduce emissions, such as switching to renewable energy sources or improving transportation efficiency.
Companies must deliver ongoing, timely communications to support suppliers and comprehensive, actionable guidance and resources. In addition, targeted, personalised training and support to meet suppliers where they are in their climate journey and provide interventions and pathways towards more mature initiatives are needed to build supplier capacity.
Companies can also engage with consumers to reduce Scope 3 emissions. For example, companies can encourage customers to use energy-efficient products or reduce waste through recycling programs.
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