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Sustainability reporting is like the iceberg that could sink your Titanic. Scope 1 and 2 are only the tip. Hidden below the surface lies the value chain and its potentially deadly scope 3 emissions.

ESG regulations are constantly evolving. Each year more countries and regions are mandating Scope 3 emissions declarations and actions, and widening the net of companies for whom sustainability reporting is mandatory.

 Value Chain

Getting Started on Scope 3 Emissions

Start ahead of the curve, rather than playing catch up with sustainability reporting.
Though it might seem like a mammoth task, tips from early adopters can apply to your business too.

  •  Set boundaries for Scope 3 emissions reporting. Take an incremental approach to collecting data and gradually widen the scope.
  • Ask and recognise that value chain partners have differing levels of maturity in their sustainability journey. Educate and encourage them. Facilitate their sustainability journey by bringing them onto a common platform.
  • Technology is key to consolidate data and simplify Scope 3 emission calculations. Begin with high volume low touch metrics, and apply AI to identify carbon hotspots.
  • Don’t get fixated on trying to collect perfect data. Analyse available data to segment and prioritise partners, so that you can focus on actionable data. Ford “We address Scope 3 by tackling our biggest emissions categories first”.
  • If you’re struggling to get information from key value chain partners, remember that the Greenhouse Gas (GHG) Protocol allows you to use industry averages, proxies and multipliers to calculate relevant Scope 3 emissions while reporting on sustainability.

Upstream and Downstream Value Chain Partners at a Glance

Climate Week NYC September 22-29, 2024

Climate Group kicked off Climate Week in New York with a 7-point Global To-Do List of targets and action-points for governments and businesses to adopt sustainable practices.

GovEVA is pleased to feature What On Earth!® a cartoon series from the think tank Council on Energy, Environment and Water (CEEW) to mainstream sustainability. This collaboration should however, not be viewed as an endorsement of either organisation’s policies or views

Recognising the Power of Value Chain Emissions and Actions,
Scope 3 Focused Sessions at Climate Week

  • Scope 3 emissions policy development and implementation. A roadmap for legislators, regulators, and industry leaders to develop regulations that capture Scope 3 emissions, improve data accuracy, and reduce compliance complexity.
  • The collaborative advantage. How companies can work together to tackle Scope 3 emissions.

 Coming Up Next..

VOTE HERE for what YOU want to read about in December

  • BRSR Versus CSRD (Europe): How to plug the gaps
  • Deep Dive: Getting started with Supply Chain partners
  • Green Washing: What you need to know to avoid legal issues

 Numbers Speak

160%

more likely to experience significant decarbonisation benefits, when companies comprehensively measure Scope 1, 2 and 3 emissions Fourth annual BCG + CO2 AI Carbon Emissions Survey.

71%

of core Environment Social Governance (ESG) reporting will be outsourced within the next 3 years.
KKPMG: Addressing the Strategy-Execution Gap in Sustainability Reporting

13x in 10 years

 growth in India’s bio-economy. BioE3 Policy (Biotechnology for Economy, Employment and Environment), aims to position India as a leader in sustainable development and bio-based industries.
Ministry of Science and Technology

5 Million+ Customer Transactions Each Month

  • 107 Mn tco2e GHG calculated, managed, monitored
  • 1.7 Mn employees DEI Metrics
  • 150 jurisdictions covered
  • 865 Mn litres water W-U-D tracked
  • 5.6 Mn MT waste G-D-R tracked

AI-Powered ESG Management
and Reporting, Enabled by Domain Experts

GovEVA is a leading cutting-edge digital ESG SaaS platform. Our vision is to empower large enterprises to digitize and streamline their sustainability journey, ensuring they meet their ESG goals efficiently and effectively.

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