Energy-related CO2 emissions increased by 0.9% to more than 36.8 tonnes in 2022, according to the latest data from the International Energy Agency (IEA). Global CO2 emissions from energy combustion and industrial processes increased by 0.9%, equivalent to 321 million tonnes in the same year. It achieved a record high of 36.8Gt.
If we look at this on a more micro scale and focus more on organizations as individuals, on average, Scope 3 emissions account for over 80% of carbon emissions. These emissions include all activities from the supply chain.
“The old adage still stands: if you don’t measure it, you can’t manage it,” says Sustain.Life, a solution that helps organizations measure, manage and report carbon emissions across scopes 1, 2 and across scopes. says Alyssa Reid, Chief Sustainability Officer. 3 Compliant with global standards. This also applies to organizations looking to decarbonize their supply chains.
“Tracking emissions is only the first step towards the real goal of reducing impact and decarbonizing,” she warns. “By automating the measurement process, Sustain.Life enables and directs suppliers to focus on the actual work of their decarbonization business, from fuel switchovers and renewable energy contracts to Suppliers need to decarbonize their supply chains. ”
Increased attention to large companies such as Amazon, Walmart, and Costco has led to a proliferation of regulations that require suppliers to report their emissions, but this also applies to companies that do not report their emissions, regardless of size. Mr. Radhe feels that this is not only increasing the pressure on the government. Just track your Scope 3 emissions, but actively reduce them.
The importance of having the right tools and resources to ease the transition to decarbonization
Comparing the trials and tribulations of environmental compliance to alphabet soup, Rade leads Sustain.Life's sustainability efforts and spearheads the development of innovative tools and strategies to drive decarbonization. I'm proud of that. A cutting-edge SaaS solution, the platform is designed to partner with supply chains to address Scope 3 decarbonization, while also helping everyone navigate and manage this new and evolving regulatory environment. enables organizations to make a real impact as they seek to adopt sustainable practices. Out from here.
Helping companies across the Fortune 100 value chain accelerate their climate strategies, Rade shows how suppliers, who often have fewer resources and are more mature in their climate efforts, can tackle climate goals head-on and close the gap. Have first-hand experience that allows you to explore. In data sharing within the supply chain.
“We offer comprehensive, adaptable and easy-to-use tools for sustainable supply chain management,” she explains. “It's about making sustainability an integral and easy part of business operations. Our supply chain management tools provide both scope 3 emissions and ESG risk assessments. , our platform integrates with ERP and systems of record and leverages Sustain.Life's proprietary emissions factor database to automatically calculate emissions based on existing procurement data, eliminating the need to directly vet suppliers. will disappear.”
Sustain.Life's system allows companies to score and benchmark their suppliers, ensure they comply with sustainability requirements, and direct engagement efforts to their most important products and suppliers. can be directed. But it also addresses supplier risk, a key area where Sustain.Life excels.
She continued: “Our platform ensures that companies stay ahead of global climate disclosure regulations, such as the SEC and Australian legislation, as well as current California and CSRD obligations. By inviting auditors directly to the platform to view underlying activity data and documentation, as well as itemized emissions calculations, you can not only meet the core assurance requirements of these laws. We designed our platform to facilitate that: emission factors, datasets, and methodologies employed across emission categories.
“Many carbon accounting SaaS platforms store this data in a black box or bury it deep within reference documents, but we integrated it directly into the customer interface.”
Core technologies for reporting and minimizing scope 3 emissions
Recognizing that major companies already require suppliers to report their emissions and how important it is for organizations to take a proactive approach to Scope 3 emissions, Rade shares the specific challenges she and the Sustain.Life team are working tirelessly to tackle. She helps implement concrete operational changes to achieve long-term sustainability.
“Our Sustainability Initiatives Library guides users on how to implement these types of operational changes,” she explains. “Whether it’s choosing a licensed carrier for hazardous waste or compost or moving forward with a renewable energy contract, we guide companies on stakeholder engagement, external resources, implementation, KPIs, metrics, and Connect your efforts with third-party frameworks such as B Corp. GRI, UNGC, SDGs.”
With this in mind, Sustain.Life's supply chain module enables companies to see their suppliers' sustainable actions, goals and progress, eliminating cumbersome and repetitive surveys and increasing the visibility of suppliers across the value chain. Data exchange is streamlined.
Fueled by the journeys, challenges and successes of our customer base, Rade is excited about the future of Sustain.Life and foresees this solution playing a larger role in broader global decarbonization efforts. doing.
Rade concludes: “We see a future focused on automation, transparency, and action. Our technology enables companies to drive meaningful change not only in their supply chains but across their operations.”
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