From reporting to results: How companies can finally cut Scope 3 emissions
Reuters
Reuters· 3 min read
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illuminem summarises for you the essential insights from the article. Read the full piece on WEF blog or enjoy below:
🗞️ Driving the news: A growing number of companies are shifting their focus from reporting Scope 3 emissions to actively reducing them, as new strategies emerge to address emissions across supply chains
🔭 The context: Scope 3 emissions, defined by the Greenhouse Gas Protocol, include all indirect emissions occurring across a company’s value chain, such as those from suppliers, logistics, product use and disposal
• In many industries, these emissions account for over 80% of a company’s total footprint, making them the most difficult aspect of corporate decarbonization
• Researchers and institutions such as the World Economic Forum note that fragmented data, weak supplier incentives and inconsistent standards have historically slowed progress
🌍 Why it matters for the planet: Most corporate emissions occur in supply chains rather than direct operations
• Therefore, global climate targets cannot be achieved without tackling Scope 3 emissions
• Effective action across supply chains, including procurement changes and supplier collaboration, could unlock large emissions reductions across industries such as manufacturing, healthcare and consumer goods
⏭️ What’s next: The article highlights emerging best practices companies are adopting to reduce Scope 3 emissions at scale:
💬 One quote: “For most organizations, Scope 3 emissions represent the largest share of their carbon footprint, yet they remain the hardest to influence.”
📈 One stat: In sectors like manufacturing, healthcare and consumer goods, Scope 3 emissions often account for more than 80% of total corporate emissions
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