Every company owner and leadership should be aware of their emissions and what they can do to plan to decrease them.
The Scope 3 Standard provides a methodology that can be used to account for and report emissions from companies of all sectors, globally.
Scope 3 emissions categories include:
- purchased goods and services
- capital goods
- fuel- and energy-related activities
- transportation and distribution
- waste generated in operations
- business travel
- employee commuting
- leased assets
- processing of sold products
- use of sold products
- end of life treatment of sold products
According to the EPA,
“Scope 3 emissions, also referred to as value chain emissions, often represent the majority of an organization’s total GHG emissions.”
There is a growing need to reduce emissions wherever possible and it is increasingly expected that companies have a greater understanding of their true carbon footprint by taking more responsibility in accounting for Scope 3.
You should understand your baseline and track your network’s carbon footprint over time. Then you can reduce the Scope 3 emissions that makeup around 90% of companies’ total carbon output.
If you do not have a department in-house that can determine your Scope 3, consider hiring a third party.
MaximusLife has the only holistic solution allowing employees to see their collective impact on their company’s ESG goals while significantly simplifying employee-related Scope 3 emissions reporting! Give it a try with our new pilot program!
Starting with this can be a solid beginning to building a culture around your CSR and ESG goals.
Contact us today!