SCOPE 3
Besides our Business Certification product, which primarily assesses Scopes 1 & 2, the Scope 3 Footprint Calculation provides a comprehensive analysis of an organization's emissions across its entire value chain.
WHAT IS SCOPE 3?
Calculating Scope 3 emissions is no longer seen as something only leading companies do, it is now a mainstream requirement of channel partners and investors across many sectors, and often accounts for a significant proportion of an organisation’s total footprint.
Up to 90% of an organisation’s carbon emission can sit in scope 3. It is therefore imperative to measure scope 3 in its entirety in order to get an accurate understanding of how and where to start reducing.
What are the differences between Scopes 1, 2 and 3?
01
Emissions are the direct GHG emissions from operations due to owned or controlled site and vehicle fuel consumption.
02
Emissions are the indirect GHG emissions from the generation of purchased electricity and steam, and are produced outside a company’s direct control
03
Includes all other indirect sources of GHG emissions that are within a company’s value chain, such as employee commuting, waste generated by the company’s operation, production and transportation of raw materials and the use and disposal of products and services by customers. Scope 3 emissions often represent the greatest proportion of a company’s carbon footprint, and sometimes up to 90% of total emissions.
BENEFITS TO MY BUSINESS
For the majority of companies, a significant portion of their greenhouse gas (GHG) emissions and potential cost savings exist beyond their own operations. By assessing Scope 3 emissions, businesses can acquire a thorough comprehension of their carbon footprint, opening up numerous possibilities for significant reduction in emissions and improved commercial adaptability.
-
Supply chain transparency - Evaluating the locations of high emissions within the supply chain enables us to identify the specific elements and suppliers that would gain the greatest advantages from implementing emission reduction measures.
-
Promote initiatives aimed at enhancing energy efficiency and exploring avenues to lower costs - Examining supply chains from a non-financial perspective can assist organisations in pinpointing consolidation prospects and operational improvements.
-
Involve suppliers and provide support in implementing sustainable initiatives - Strengthen connections, facilitate information exchange, and foster collaborative, forward-looking alliances while actively promoting emission reduction strategies that bring mutual benefits to all stakeholders involved in the entire value chains.
-
Risk mitigation - Facilitating enterprises in recognising and addressing climate change-related risks, encompassing supply chain disturbances, alterations in regulations, or potential damage to reputation. Attaining net zero carbon emissions involves evaluating and monitoring your Scope 1, 2, and 3 emissions. The goal is to completely eliminate Scopes 1 and 2 emissions while reducing Scope 3 emissions by at least 50%. Additionally, any remaining Scope 3 emissions should be offset through certified carbon removal methods.
-
Scope 3 following the Place Support Partnership Certification - Place Support Partnership certification is used as a starting point for companies to measure their carbon footprint. It covers Scope 1, Scope 2, and elements of scope 3 (purchased goods and services (paper only), fuel and energy related activities (transport & distribution emissions of electricity and water), waste, and business travel).
After obtaining the Place Support Partnership certification, companies can gain a more comprehensive insight into their value chain emissions by effectively assessing their Scope 3 emissions. We offer assistance in conducting a Scope 3 screening to identify the most significant categories within your organization. Subsequently, we carry out carbon footprint measurements and provide support in devising emission reduction strategies.
HOW CAN PLACE SUPPORT PARTNERSHIP HELP?
No matter the size of your business, our team of independent specialists is ready to assist you in assessing your Scope 3 emissions. By doing so, you can pinpoint areas to concentrate your reduction endeavors, which is vital for a strong decarbonization plan. To effectively combat climate change, achieving net zero carbon emissions demands a thorough and ongoing commitment from businesses. Initiate the process of measuring your Scope 3 emissions by speaking with an expert today.
