Scope 3 emissions are missing link in climate change monitoring

October 6, 2022 EcoVadis ‏‏‎

Even as businesses look to prove their sustainability credentials to increasingly discerning customers, many are failing to track the largest source of their emissions. Indirect Scope 3 emissions are estimated to account for up to 95% of a company’s carbon footprint, however a new report shows that fewer than one-quarter of organisations were well informed on the emissions sources in their supply chain.

According to Capgemini Research Institute’s Data for Net Zero report, 92% of firms say they aim to achieve net zero by 2040 – and 42% suggest they will do so by the end of the present decade. To help achieve this, a similar number have set short-term targets in addition to long-term goals – while 33% plan to soon.

Most organisations also know that monitoring progress of their net zero drives constantly is essential to their success. Around 85% of the 900 organisations organisations polled recognise the value of emissions data to this end. But Capgemini also found that 48% are not using data adequately to that end, while 48% are not “well positioned enough” to use data to drive further decision making.

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EcoVadis ‏‏‎

EcoVadis is the world’s most trusted provider of business sustainability ratings, intelligence and collaborative performance improvement tools for global supply chains. Backed by a powerful technology platform and a global team of domain experts, EcoVadis’ easy-to-use and actionable sustainability scorecards provide detailed insight into environmental, social and ethical risks across 200+ purchasing categories and 175+ countries.

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