Driving Momentum in Scope 3 Decarbonization: Over 3,500 Businesses Now Using the Carbon Estimator
Just in time for New York Climate Week 2024, we're excited to announce the Carbon Estimator, a powerful addition to the Carbon Action Manager (CAM) that enhances how enterprise companies and their suppliers engage in decarbonization. Based on our experience working with thousands of businesses, and with over 3,500 customers already using the Carbon Estimator, we’ve gained valuable insights into the challenges faced by companies with lower carbon maturity. Many struggle to respond to customer requests for Scope 1, 2, and 3 emissions data. The Estimator addresses this by offering an easy-to-use tool that helps companies—particularly small and medium enterprises (SMEs)—estimate their GHG emissions and take meaningful first steps in their decarbonization journey. This tool, available at no additional cost for all EcoVadis Ratings customers, empowers businesses to meet growing demands for carbon transparency and streamlines enterprises in engaging their full supply chain regardless of maturity level.
Carbon Estimator: A Game-Changer for Your Decarbonization Journey
Part of the EcoVadis Assessment platform, the Carbon Estimator is a user-friendly solution tailored to help SMEs estimate their Scope 1, 2, and 3 greenhouse gas (GHG) emissions that adapts to users’ data availability.
“The latest Carbon Action Report highlights a significant gap: nearly half of large companies report Scope 1 and 2 GHG emissions upon first assessment, but fewer than 20% of SMEs do the same. This reveals the real challenges smaller companies face—not just in accessing data, but in knowing where to even begin with carbon calculations,” said Julia Salant, General Manager, Carbon Solution, EcoVadis from EcoVadis. “The Carbon Estimator is designed to change that. It guides lower maturity companies step by step in establishing a carbon baseline, without needing prior expertise or activity data like energy consumption or material properties. This tool empowers businesses of all sizes to take meaningful action, turning what often feels like an overwhelming task into a manageable first step toward a lower-carbon future.”
For procurement teams who are trying to engage suppliers - including SMEs - to tackle their GHG emissions, Carbon Estimator helps build the foundation for more advanced carbon reporting and emissions tracking within their supply chain. Aligned with the highest standards in carbon accounting, this tool ensures businesses can start their carbon management journey, even without detailed activity data.
Unlock the Power of Simple, Effective GHG Estimation
1. Effortless Estimation: The Carbon Estimator allows companies to estimate their GHG emissions across all business operations without requiring specific activity data. This feature significantly lowers the barrier to participation, especially for companies with limited resources or expertise in carbon management.
2. Time and Resource Efficiency: The intuitive Carbon Estimator questionnaire flow is tailored to match a company’s data availability and decarbonization maturity. This ensures that the process is both streamlined and efficient, allowing companies to focus on actionable insights rather than complex calculations.
3. Comprehensive Scope 3 Coverage: Understanding the complete carbon footprint is crucial for meaningful decarbonization efforts. The Carbon Estimator covers all Scope 3 emission categories, providing a holistic view of the supply chain's GHG emissions.
4. No Additional Cost: The Carbon Estimator is available to all suppliers who participate in a Carbon or Sustainability Rating assessment at no extra charge. This cost-effective solution enhances sustainability efforts without adding financial burden, making it particularly beneficial for SMEs.
How the Carbon Estimator Makes It Easier to Tackle GHG Emissions Management
The launch of the Carbon Estimator addresses several critical pain points for businesses:
- Boosting Participation: For companies just beginning their decarbonization efforts, traditional GHG emissions calculation tools often demand extensive data, which may discourage participation. The Carbon Estimator builds upon the existing solution to address this gap. Its straightforward approach and tailored data requirements, make it easier for beginner companies to get involved, leading to more comprehensive GHG data collection.
- Supporting Decarbonization: By providing insights into Scope 3 emissions, the Carbon Estimator helps companies understand and manage their entire carbon footprint, a key step in advancing decarbonization efforts.
- Enhancing Value at No Extra Cost: By offering this tool free of charge to all companies undergoing a carbon or sustainability assessment, EcoVadis demonstrates its commitment to customer success and sustainability, encouraging greater alignment with decarbonization targets.
Why It Matters
Understanding your GHG emissions is the first step towards making meaningful changes in your sustainability practices. The EcoVadis Carbon Estimator equips SMEs with the tools they need to begin their decarbonization journey, even if they are new to carbon management. By simplifying the process and providing comprehensive coverage, this tool empowers companies to fully understand their carbon footprint. Extensively beta-tested with existing EcoVadis Rated customers since August, the Carbon Estimator has been tried out by more than 3600 companies.
It’s Time to Accelerate Your Decarbonization Journey
The EcoVadis Carbon Estimator represents a significant advancement in making GHG emissions estimation accessible to small and medium-sized companies struggling with complicated tools and lack of detailed GHG data. Whether you’re just starting out or looking for a way to support your decarbonization efforts or want to speed up the Scope 3 decarbonization within your supply chain, the Carbon Estimator is here to support you.
Start your Scope 3 decarbonization program today!
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