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Climate accounting software provider CarbonChain announced today the launch of CarbonChain Comply, a new carbon reporting solution for businesses within metals and energy supplychains.
“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.”. Remanufactured SupplyChains Coalesce Around Sustainability. Circular Economy Meets Sustainable Business Imperatives.
The platform enables users to turn financial, operational, and supplychain data into certified carbon footprint data, greatly reducing complexity and significantly increasing time to insights across multiple climate disclosure and sustainability reporting frameworks.
Disclosure obligations would begin in 2026 for Scope 1 and 2 emissions, and in 2027 for Scope 3 emissions, with measurement and reporting to be performed according to the GreenhouseGasProtocol standards. When he introduced the bill, Wiener noted that the new reporting rules would apply to most large U.S.
In terms of Scope 3 emissions—those generated across our entire value chain—Applied has focused on establishing benchmarks and priorities that can inform future action. Using 2019 as a baseline, we found that Use of Sold Products (Category 11) represents the lion’s share—nearly 80 percent—of our Scope 3 emissions.
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.”
It enables companies to improve operational efficiency, foster greater transparency around supplychain emissions, design and plan more effectively, and automate time-consuming tasks. At SAP, AI takes complex sustainability tasks reliant on sustainability data and ERP data and makes them automated and auditable.
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.
Scope 1 GHG emissions include direct emissions from company-owned operations, Scope 2 include indirect emissions usually from the generation of purchased energy, and Scope 3 are all indirect emissions not included in Scope 2 that occur in the value chain, including upstream (i.e. supplychain) and downstream (i.e.
The proposed new SEC legislation incorporates frameworks on climate risk and GHG emissions from the Taskforce on Climate-related Financial Disclosures (TCFD) and the GreenhouseGasProtocol. Companies can take several approaches, depending on where they are and where they aim to be along the ESG maturity spectrum.
A critical review of the environmental and climate assessments of mineral supplychains , Lee examined and compared existing methodologies and examples of reporting from BHP, Freeport McMoRan, and Vale, three mining majors in the copper supplychain. In Responsible or reckless? A nuanced and diverse cohort.
As passed in the Assembly, SB 253 ’s disclosure obligations would begin in 2026 for Scope 1 and 2 emissions, and in 2027 for Scope 3 emissions, with measurement and reporting to be performed according to the GreenhouseGasProtocol standards.
Indigo Ag’s Market+ Source program in particular links up farmers, agribusinesses, and food and apparel companies to source sustainable crops and quantify impact throughout the entire supplychain. Scope 3 programs cannot succeed without the partnership of many supplychain partners.
Achieving net-zero begins with reducing greenhousegas emissions in the three categories, or Scopes, defined by GreenhouseGasProtocol, the international accounting tool. Dealing with the Scope 3 Challenge. Scope 1 covers direct emissions from owned or controlled sources. The Power of Technology.
Scope 3 emissions tracking – which has been around for 11 years already and is the only internationally accepted method for companies to account for value chain and supplychain emissions – is still listed as an optional reporting standard by the GreenhouseGasProtocol (GHGP).
Takeaway 1: Scope 3 emissions are a large part of our carbon emissions value chain. The GreenhouseGasProtocol (GHG Protocol) offers companies different levels of commitments to advance their sustainability journey. I’d like to highlight three key takeaways from the panel.
Risk Management – Yum China has conducted risk screening, and disclosed how climate-related risks are effectively addressed within its existing risk management measures in four aspects: restaurants, supplychain, logistics, and product and services.
Mondelēz 2022 Snacking Made Right Report Assessing Our Carbon Footprint We take a thorough approach following the internationally recognized GreenhouseGasProtocol (GHG Protocol) Standards to calculate, annually, our total carbon footprint across our end-to- end supplychain, covering Scopes 1, 2, and 3.
Over 50 biogas and biomethane trade associations and companies from around the world have written to the World Resources Institute (WRI), administrator of the GreenhouseGasProtocol , 1 calling for a rethink of its position on the use of biomethane certificates for greenhousegas reporting by corporate gas users.
The widely adopted GreenhouseGasProtocol (GHG Protocol) is flexible by design, allowing users to tailor metrics to meet their specific business needs. The more complicated Scope 3 is split into 15 categories, capturing emissions sources spanning a company’s supplychain and its customers’ activities.
Building on this collaboration, AstraZeneca and Vanguard Renewables announced a planned expanded collaboration in November 2023 to significantly increase the productivity of RNG generation and enhance the RNG supplychain. AstraZeneca’s use of RNG in the U.S. Transparency in GHG emissions accounting is critical.
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. To understand the progress that’s been made, it’s important to know how emissions are classified. Mobile emissions from company fleet vehicles.
To learn more about Dow's industry-leading contributions toward a better, more sustainable and equitable future, please read its comprehensive 2021 ESG Report here. such as Dow's obligation to indemnify DuPont de Nemours, Inc. and/or Corteva, Inc. for certain liabilities.
Essentially, the climate crisis is a data problem with businesses struggling to obtain accurate figures – not only from the carbon emissions of their own operations but from all activities across their supplychain, known as Scope 3. We know the greenhousegas data that businesses require, and we know who they need to get it from.
Kyle has a background scaling technology solutions in the supplychain and logistics industries, as well as experience in international humanitarian aid. Kyle Roland : Senior Customer Success Manager. Kyle works directly with Proof of Impact clients to develop and execute their ESG and Impact strategies.
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. Link different stages of the supplychain. There is regulatory and social pressure to act.
On our scope 3 or supplychain emissions reductions, our innovative accounting tool has enabled us to know our emissions hotspots, identify the most important suppliers to work with, and allowed us to show emissions reductions based on supplier disclosure and emissions reductions.
The software market is also faring poorly for ‘Scope 2 emissions Intensity’ which captures GHG emissions from consumption of purchased electricity, heat or steam by the company, as categorised by the GreenhouseGasProtocol, divided by the company’s revenue. in 2014 rising to 6.66 Scope 3 reporting.
The greenhousegasprotocol has been around for many years and sets out a detailed process (more than 700 pages) for measuring corporate carbon footprints. Adding to the challenge is the Scope 3 problem: accounting for the carbon generated upstream (across the supplychain, for example) and downstream (products).
As of yet, no major economy has mandated that businesses set verified, science-based goals to reduce emissions in their operations and supplychains. However, with more than 90% of global GDP now covered by net-zero targets set nationally or regionally, this change may well come in the not-too-distant future.
It follows an extensive request for information during which 70% of investors called for TCFD-based disclosure , including its recommendation to use GreenhouseGasProtocol standards for disclosing corporate GHG emissions. Myth 1: Climate change isn’t a financial risk . Companies can and do influence their indirect GHGs.
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.
Developing Tools and Practices for Business Climate Action Heather Schrock, Director of Environmental Partnerships at the Bonneville Environmental Foundation , provided a look at the greenhousegasprotocols framework. And we understand that since sustainability costs money, we need to put money toward these efforts.”
Disclosure obligations would begin in 2026 for Scope 1 and 2 emissions, and in 2027 for Scope 3 emissions, with measurement and reporting to be performed according to the GreenhouseGasProtocol standards.
GHG Inventory A GHG inventory is a detailed, methodical process used by businesses to systematically measure their emissions, usually following a recognized standard like the GreenhouseGasProtocol. LCA can also play a role in Scope 3 assessments, especially when evaluating emissions from the supplychain or customer use.
A strong target of attack in Wiener’s Greenhouse Gases: Climate-Related Financial Risk Act (SB 253) is its mandatory requirement of Scope 3 reporting – greenhousegas (GHG) emissions linked to a company, but outside its operations, such as its customers or supplychain.
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