Science-Based Targets: How procurement can succeed in reducing supply chain Scope 3 emissions
Theatre : Sustainability and Net Zero
[Panellists to be published soon] Net Zero and ambitious targets are becoming increasingly mainstream. However, one of the biggest challenges for committing, setting and meeting these targets is reducing Scope 3 emissions. CDP has found that, on average, GHG emissions in the supply chain are 11 times greater than direct emissions, with this being much higher in certain sectors, such as retail.
Our analysis also estimated one gigaton (a billion metric tons) of greenhouse gas emissions could be cut globally if disclosing suppliers increase the proportion of renewable electricity they source by 20 percentage points. This is a big step but achievable if suppliers are supported with the skills and experience which many energy managers have.
This panel discussion will focus on:
- Why scope 3 emissions should be a priority for procurement and supply chain professionals.
- Key challenges around setting, recording and tracking Scope 3 emissions.
- Solutions and tools and the role of technology and data in enabling best practice to be embedded into day-to-day processes.
- Examples of best practice that other organisations are implementing when it comes to managing supply chain Scope 3 emissions.