This group aims to address all other indirect impacts from company activity, ranging from the goods it purchases, the suppliers it deals with, to the disposal of the products it sells. Failure to report on Scope 3 will create an inaccurate picture of your companys emissions profile and susceptibility to climate change risks. Cookies are small text files containing a string of characters which are sent and stored on your computer or mobile device when you visit our website (the Site). CDP & Member of SBTis Corporate Engagement Team, Employee Commuting and Homeworking Initial Scope 3 Screening Identification of relevant scope 3 categories. Provisional Project Timeline Nate has more than 15 years of experience working on industry, trade, energy, and climate in Asia, the U.S., and Europe. Sustainability Director This is largely because around half of the chemical subsector's energy input is consumed as feedstock - fuel used as a raw material input rather than as a source of energy. TfS worked alongside global NGOs, corporate sustainability experts, chemical industry experts and organisations such as the World Economic Forum (WEF), and the World Business Council for Sustainable Development (WBCSD) to ensure global best practice for emissions accounting. Scope 3 includes the indirect emissions resulting from the consumption and use of the Company's products. We have supported business of different scale and product size across the Chemical sector such as Croda, Elementis and Synthomer, to tailor Scope 3 to them. Together for Sustainability launches the open-source PCF Guideline, a new global guidance for calculating Product Carbon Footprints (PCFs) in the chemical industry and beyond. Senior Advisor - Advancing Net Zero products of the chemical companies. document.getElementById( "ak_js_4" ).setAttribute( "value", ( new Date() ).getTime() ); Talk to us about your sustainability challenges. Our people are strategists, innovators, designers, consultants, digital experts, scientists, engineers andtechnologists. The retailer will rent premises on the high street to sell clothes. The firm also offers legal services for individuals and their families. Isobel believes in a holistic approach to sustainability that reviews the entire ecosystem to identify opportunities for positive change, reduced environmental impact and truly innovative solutions. You can find more information about the cookies we use on our Cookie Policy. Leverage your buying power to drive transparency For the average global company, upstream Scope 3 emissions are 11.4x higher than direct, operational emissions. Scope 1 23 June, 10:00-11:30 BST, Sonya Bhonsle Head of ESG Integration Consulting Director Sound a good fix? The table below summarizes our . Since January 2021, she has been responsible for the strategic development and delivery of dentsus environment strategy, including supporting dentsu in becoming one of the first companies globally to achieve SBTis new net zero standard with near and long term targets. In other words, emissions that are linked to the company's operations. The top five subdivisions are electricity supply, coal mining, primary metal and metal product manufacturing, oil and gas extraction and metal ore mining. Previously, Emma worked at Carbon Intelligence where she led delivery of strategic services. She leads a team of 4 integration specialists who work closely with fund managers and analysts to identify efficient and value adding methods for integrating sustainability aspects into their investment processes. His research on country low-carbon transformation has been written up in the New York Times and he is a frequent speaker at industry and academic conferences. It involves thousands of processes, products and specific technologies. These emissions physically occur at the facility where electricity, steam, and cooling or heating are generated. Scope 1 emissions are direct emissions from a company's operations. The remaining 99 percent are scope 3 emissions, including 76 percent from supplier manufacturing and 14 percent from consumer product use. We can help you work through your business context and take Scope 3 from simply a reporting requirement to a real, useful tool to support your decarbonisation journey. Scope 3 emissions are also indirect GHG emissions, accounting for upstream and downstream emissions from a product or service, and emissions across a business's supply chain. This is primarily because Scope 3 emissions are more difficult to accurately measure, report, and benchmark . There is a translation that needs to happen break categories into sub-groups that actually align to your business. Previously, Emma worked at Carbon Intelligence where she led delivery of strategic services. While created initially to meet the needs of chemical corporations and their suppliers, the TfS Guideline can be used as a calculation guideline and drop-in solution in any other global industry using chemical products. 2022 Reducing Scope 3 Emissions - Webinar Series, Purchased Goods & Services & Capital Goods, Global Head of Value Chains & Regional Director Corporations, UK & Worldwide Regional Lead - Commit to Action Programme, Design Engineer (Sustainable Product Development), Global Head of Sustainability - Consumer & Manufacturing, 2020 Reducing Scope 3 Emissions - Webinar Series. Emma has extensive knowledge of the Greenhouse Gas Protocol and Scope 3 Standard, and co-authored the UK Green Building Councils Guide to Scope 3 Reporting in Commercial Real Estate. companies but also optimize Scope 3 emissions. [ii] Those arising from the supply chain. Covestro is in good company here: This ratio reflects the overall situation for the chemical industry, which is responsible for about 7 percent of global Greenhouse Gas Emissions (GHG), nearly 80 percent of which are in Scope 3. Once consensus is reached and standards are finalized, food and beverage . Together for sustainability. Emma has also worked at environmental consultancy, RPS Group, and gained an MSc in Carbon Management and BSc with Honours in Environmental Science, both from the University of Edinburgh. It allows the website to recognise your device and store some information about user preferences or past actions. These emissions are usually split into the following categories: In most reporting frameworks, it is not mandatory to report Scope 3 emissions. This cookie is set by Twitter - The cookie allows the visitor to share content from the website on to their Twitter profile. The Scope 3 emissions from the Chemical sector are significant and need to be addressed. While significant in emissions impact, the process of sourcing and accurately capturing data for Scope 3 can be a challenge. The emissions specifically related to purchases made from suppliers, fall into Scope 3: Category 1 - Purchased Goods and Services. Scope 3 are value chain emissions that result from use of soled products. recycling in the upcoming blogs. Senior Sustainability Manager Most companies' climate impact lies in their supply chains. Global Environment Strategy Lead The fashion industry has significantly reduced Scope 1 and Scope 2 emissions However, 90% of the industry's emissions are from indirect (Scope 3) sources. What clients want from their law firms is changing and Peters role is to ensure that this is mirrored precisely in the way that the firms legal teams are developed and supported, whilst sustaining its strong and distinctive culture, which is an authentic point of difference for Shoosmiths in a competitive legal market. Unless you have one specific customer or end application, like a car, it is challenging to estimate the emissions coming from the use of your product once its sold on. Reaching net-zero: Carbon offsetting Biological or Technological? Landsec, Karl Desai Upstream leased assets Downstream Scope 3 emissions 9. Step 3. Scope 2 emissions are indirect emissions from the generation of The Scope 3 emissions are calculated by category in accordance with the guidelines of the GHG Protocol Standard (at least "minimum boundaries "). Responsible Business Manager Scope 3 emissions of purchased goods have historically been challenging to measure due to the complexity of chemical production the new Guideline aims to solve this. All Rights Reserved, 440 Cobia Drive It is estimated to be responsible for 7% of the global Greenhouse Gas (GHG) emissions[i], 77% of which are in Scope 3[ii]. It involves thousands of processes, products and specific . When you visit the Site again, the cookies allow us to recognize your browser. Montreal Protocol gases are mainly propellants, foams, or liquids and gases used for cooling and refrigeration that are produced by the chemical industry. A Definition. However, this will look different for every business in the sector. Preference cookies enable a website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in. products itself than the average end-user for whom recycling or alternative materials Here's what each covers: Near-term science-based targets must be met within a 5- to 10-year period and must address 95% of Scope 1 and 2 emissions. By 2050, the LANXESS Group wants both its upstream and downstream supply chains to be carbon neutral. The Scope 3 Standard provides a methodology that can be used to account for and report emissions from companies of all sectors, globally. EU in 2010. According to GHG protocol, scope 3 emissions are separated into 15 categories. These are indirect to data centre operators and arise from upstream and downstream supply chain processes. Carbon accounting is an accounting method to count, inventory, track, and report your organization's greenhouse gas (GHG) emissions. From 2004 to 2013, Stephanie worked at HSBC across the corporate banking and sustainability teams, including latterly as the deputy Global Head of Sustainability Risk. Group Sustainability Director As Scope 3 emissions usually account for more than 70 percent of a business' carbon footprint, it is crucial that companies tackle Scope 3 emissions to meet the aims of the Paris Agreement and limit global warming to 1.5C. Scope 3 emissions are indirect greenhouse gas emissions other than scope 2 emissions that are generated in the wider economy. Webinar: ADDRESSING SCOPE 3 EMISSIONS TO ACHIEVE SCIENCE-BASED TARGETS Guest Speakers: Rowan Adams, Executive Vice President, Corporate Affairs, and Anna Pierce, Director of Sustainability at Tate & Lyle. Scope 3 emissions are all indirect emissions - not included in scope 2 - that occur in the value chain of the reporting company, including both upstream and downstream emissions. A large number of chemical companies rely on raw materials that can only be sourced from a small number of countries, and suppliers, globally. Put supply chain sustainability first if you want your business to thrive, Fashion business must look beyond textile swapping to achieve sustainability goals. Whilst Scope 3 impact could (and should) be reported on for SBTs or net zero, your reporting does not need to end there. As strategies, technologies and innovation collide, we create opportunity from complexity. Brett points out that across the many companies they work with, Scope 3 emissions account for a surprising 90% of total emissions. In short, Scope 3 emissions have largely been neglected until now. A key priority was the mobilisation of private sector investment into developing countries, with a focus on impact, climate, and achievement of the Sustainable Development Goals. By moving away from a strict Scope 3 reporting, you actually provide investors, customers and other stakeholders with a more complete view of your business impact. Calculating the carbon footprint of products provides the best product-level information for identification, tracking and reducing scope 3 GHG emissions in the industry. More details about these gases are given in Chap. Step 2. Global Head of Sustainability - Consumer & Manufacturing Applying SBT methods to scope 3. Scope 3 emissions Scope 3 encompasses emissions that are not produced by the company itself, and not the result of activities from assets owned or controlled by them, but by those that it's indirectly responsible for, up and down its value chain. In the future, this will allow consumers and the wider market to directly compare and assess the climate impact of products. There are things that can be done right now to improve the value of your Scope 3 reporting. Descriptive information . We operate globally from offices across the UK, US, Netherlands and Nordics. Discover more at paconsulting.com and connect with PA on LinkedIn and Twitter. His role is to lead the firms partnership in the delivery of its strategic vision, to be the UKs leading law firm, famous for its client experience. Four additional chapters including reporting principles and guidance on Scope 3.1 calculation on corporate level will be published in November 2022. Before being elected to the role in 2015, Peter was head of the firms commercial division and, prior to that, head of the employment and pensions department. Discover how a first-of-its-kind guide for calculating chemical Product Carbon Footprints (PCFs) can revolutionise one of the highest GHG-emitting industries. Tash is global environment lead for dentsu international, the global marketing and advertising services agency. Emma is based in London. However, a new Supplier Carbon Footprint (SCF) tool, produced by ICIS, chemical data specialists, in partnership with Carbon Minds, environmental impact . This is also known as your carbon footprint. Please complete the form to the right to view these informative webinars >>>, We use cookies to improve your experience on our website some are strictly necessary to operate our site, and others are optional. Not really. Upstream transportation and distribution 5. In fact, scope 3 requires immediate analysis and action. Although SBTI recently released its draft FLAG guidance, there isas of yetno fully agreed upon standard for measuring Scope 3 emissions. Your email address will not be published. They do not actually own that material, but simply provide a chemicals service.

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