Value chain emissions often account for 90% of a business’ emissions. Yet the size and complexity of global value chains makes collecting scope 3 emissions data challenging. Businesses are overwhelmed by having to:
- Engage with so many suppliers
- Synthesize different types of supplier reporting
- Incorporate supplier data into their carbon footprint
Combined, these challenges can make the process time-consuming, complicated and risky. But businesses can’t ignore scope 3 emissions – being able to report with confidence on value chain emissions is essential for compliance, audits and reporting initiatives.