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“Organizations can gain faster near-term value from bringing back existing products and reusing them for innovations that help achieve net-zero and net-neutral goals across the supplychain.”. Manufacturers are also moving factories closer to remanufacturing locations, reducing emissions from shipping and logistics.
Now we are setting this new absolute target, spanning scopes 1, 2 and 3 of the greenhousegasprotocol, because, if we want to truly decarbonize our global businesses, we need to move from carbon intensity reductions to absolute reductions.”
Given that production inputs can come from thousands of different suppliers spread across the globe, collecting emissions data across an entire supplychain can be extremely challenging. Efforts should focus on making sure that the emissions factors used are representative of each company’s supplychain.
Solutions that Meet the Challenge One of the greatest challenges for organizations working toward a net-zero future is addressing all sources of emissions within their processes and value chain. Maersk Industry: Shipping Headquarters: Denmark. Shipping accounts for a significant amount of many organizations' Scope 3 emissions.
Increasingly, companies are being held accountable for T&L emissions with the GreenhouseGasProtocol , which includes any indirect emissions that occur across the corporate value chain. Shippers are the companies — whether suppliers, manufacturers, or retailers — that need cargo shipped from place to place.
Net zero is achieved when “the emissions of greenhouse gases to the atmosphere are balanced by removals over a specified period ,” according to the Intergovernmental Panel on Climate Change. There are clear consequences for business , as well, from supplychain and shipping disruptions to higher costs, changing markets, and regulatory shifts.
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