Identifying Emissions Sources, Mitigating Risk, and Demonstrating Environmental Responsibility
Corporate value chain (Scope 3) accounting allows companies to assess their entire supply chain emissions impact and identify where to focus abatement activities. Scope 3 emissions account for the goods a company purchases to the end of use of products the company sells. The GHG Protocol released the Scope 3 Standard in 2011 and it is the only internationally accepted method. Both upstream and downstream channels are accounted for via 15 categories. Benefits of measuring Scope 3 emissions are identifying which suppliers are leaders, locating hotspots across the value chain, and encouraging product innovation to create energy-efficient products.
Canopy Edge Engagement Framework: Scope 3 GHG Footprinting
Initiate
- Define scope and boundaries
- Categorize Scope 3 emissions (15 categories)
- Identify key stakeholders
- Establish data collection protocols
- Data collection process initiates
Process
- Collect and validate data
- Apply emissions factors
- Calculate emissions
- Address gaps and uncertainties
- Quality control ensures accuracy and data is auditable
Outcome
- Final report delivery
- Executive presentation
- Complete footprint validated
- Ready for external communications
- Supply chain engaged