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Additionally, Persefoni is the first and only vendor to codify the global standard for financed emissions calculations, the Partnership for Carbon Accounting Financials. These include: activity data, carbon footprint calculations, climate trajectory models, secondary data sets, operational, financial and supply-chain data, and more.
This includes our direct operational GHG emissions such as from manufacturing processes at our three fabs and our cogeneration plants, our purchased utilities, primarily electricity, and our upstream and downstream value chain, which includes direct and indirect supplychain, business travel, waste generated in operations, and more.
Now markets for environmental attributes like renewable energy credits (RECs) and carbonoffsets are part of a global effort to reduce emissions. Customers may be looking at how they report certain metrics to the CDP, how to set Science Based Targets, or how to achieve a net zero declaration that that they've made publicly.
While all sectors have good reason to start mitigating their impact on nature, today’s investors are most concerned about those with large, global supplychains. Regardless of your sector, investors will at a minimum want to know if you’ve screened your operations and supplychain for biodiversity loss, and what risks you’ve found.
Complex SupplyChains designed to run efficiently failed under the pandemic. Restrictions, Brexit regulations, a ship stuck in the Suez Canal, extreme weather events and energy shortages impacted supplychains and prevented firms to meet their demand. 2 – CarbonOffset Markets price Hike.
million per year or more) to report their Scopes 1, 2, and 3 GHG emissions, identify and calculate their climate-related financial risks, have SBTi (Science Based Target Initiative) validated GHG reduction targets, and disclose through annual CDP (Carbon Disclosure Project) reporting.
It requires you to follow a 4-step process: 1- Understand your carbon footprint. Therefore, developing a basic map of your emissions in both your operations and in your supplychain should be the first step. Beyond the company’s operations, there are other emissions produced in the supplychain.
Examples are the Swiss art 964 and the German supplychain act. Moreover, companies will use voluntary frameworks and surveys such as GRI, SASB, CDP, UNGC, and Ecovadis to answer requests from customers, investors and other stakeholders. Thank you GRI! Source VBA.
A new label aimed at replacing carbon neutrality claims has been launched by carbonoffset firm South Pole. And the Science Based Targets initiative has published new guidance to outline how larger companies can engage with supplychains and get suppliers to set their own science-based targets.
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