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Decarbonization
These will depend on a degree of additional support to achieve the required standards of carbon accounting . Best in class suppliers will be working with their own supply chains and will benefit from support to run their engagement programs . Given the size of global supply chains , this will also support the scaling of reporting that is needed .
Complex value chains can include thousands of suppliers , so when looking at where to start , prioritize high-impact suppliers , in terms of emissions , within your value chain .
Nurturing a collaborative relationship across the supply chains is no mean feat , but working closely with suppliers can put businesses on the path towards accurate Scope 3 data . Consider creating an engagement program that ’ s mutually beneficial for suppliers and your company . Dividing the supply chain into four categories based on the maturity of the emissions data suppliers are collecting will allow you to tailor communication based on suppliers ’ capabilities , empowering them with the know-how to reduce their own emissions .
Low maturity suppliers will be those that have not previously calculated their carbon emissions . Sharing educational resources , best practice , and training to upskill the supplier will be beneficial here .
Suppliers in the medium maturity group will range from those partially reporting on Scope 1 and 2 data through to those with verified data across all three scopes .
Environmental impact , not just compliance
The regulatory landscape is maturing , placing greater emphasis on transparency across borders , best-in-class sustainability practices and more accurate data . Businesses must collaborate with competitors and partners in their value chain to develop stringent practices for measuring Scope 3 emissions data . Until we do this , we cannot determine the reality of a supply chain ’ s GHG footprint or effectively develop actionable insights to decarbonize .
Organizations are under the watchful eyes of regulators , investors and customers as sustainability becomes ever more important and increasingly , a differentiator for where consumers choose to spend their money or where potential shareholders choose to invest their capital . However , the goal everyone should be pushing towards is not simply complying with the latest legislation but driving transformative change to reduce environmental impact . ■
For a list of the sources used in this article , please contact the editor .
Mauro Cozzi www . emitwise . com
Mauro Cozzi is the CEO and Co-founder of Emitwise . Emitwise ’ s innovative carbon management platform accurately measures , tracks and reports emissions to help procurement professionals with complex supply chains to make informed decisions that reduce Scope 3 emissions .
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