Scope 3 emissions are those that are a result of a company’s activities, but are not directly controlled by the company. These emissions can be challenging for companies to track and manage, but there are a few things that companies can do to keep track of and limit their scope 3 emissions:
1. Set targets and goals
Companies can set targets and goals for reducing their scope 3 emissions, and track their progress towards meeting these targets. This can help them identify areas where they can make the greatest impact and allocate resources accordingly. It is important for companies to have a good understanding of their current scope 3 emissions levels in order to set appropriate targets. Companies can use carbon accounting tools and methodologies to quantify their emissions and track their progress over time.
2. Engage with suppliers and other partners
Companies can work with their suppliers and other partners to understand the impact of their activities on the company’s emissions. This can help identify opportunities for reducing emissions throughout the supply chain. Companies should assess the emissions of their key suppliers in order to understand the sources of their emissions and identify opportunities for reduction. This may involve working with suppliers to collect data on their emissions or using tools and methodologies to estimate emissions.
3. Use Scope 3 carbon accounting tools and methodologies
There are a number of tools and methodologies available that can help companies track and quantify their emissions. These tools and methodologies provide a detailed breakdown of a company’s emissions by source, allowing them to identify the areas where they can make the greatest impact. By using these tools, companies can get a better understanding of the sources of their emissions and identify opportunities for reduction.
4. Implement policies and procedures
Companies can implement policies and procedures that help to reduce their scope 3 emissions. For example, they might require suppliers to meet certain sustainability standards or adopt more sustainable practices in their own operations.
What should companies remember about scope 3?
Overall, reducing scope 3 emissions requires a holistic approach that involves setting targets, engaging with suppliers and partners, using carbon accounting tools, and implementing policies and procedures. By taking these steps, companies can better understand and manage their emissions and work to reduce their impact on the environment.
The Global Summit on Scope 3 Emissions Reduction will bring together key industry experts to learn more about reporting strategies & carbon data management in a small-scale, industry-driven event, on 20-21st April 2023 in Amsterdam, the Netherlands. The two-day, hybrid event features in-depth case studies of supply chain transformation, carbon accounting, and networking breaks dedicated to exchanging insights and expertise on tackling Scope 3 emissions. Visit future-bridge.eu and netzero-events.com or follow us on our social media to track other energy use and decarbonization events.