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Economist Sustainability Week US 2024 panel discussion sponsored by Lythouse.
These case studies explore how to mitigate scope 3 emissions and work with suppliers on the way to net zero. What are companies doing to achieve precise visibility into their supply chains?
Watch the video to learn more.
Key learnings
- Challenges in Measuring and Reporting Scope 3 Emissions: Companies face significant difficulties in collecting and reporting Scope 3 emissions data due to issues with data availability, reliability, and reticence to report. This is exacerbated by the dispersed and varied nature of emissions data across the supply chain.
- Innovative Financing Solutions for Emission Reductions: Access to finance is a major hurdle in reducing Scope 3 emissions. Strategies such as ring-fenced funds, strategic investments, shadow carbon pricing, and sustainability bonds are being utilized to support suppliers and accelerate decarbonization efforts.
- Collaboration and Technology Use: Effective management of Scope 3 emissions involves collaboration across industries and the use of technology. Companies like Walmart and Vodafone are working with financial institutions to offer better financing terms to suppliers that meet specific emission reduction criteria. Additionally, AI and technology platforms help in cleansing and accurately reporting emissions data.
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Speakers
Jason Noel
Director, ESG Management, Lythouse
Sally Uren
CEO, Forum for the Future
