On the opening days of COP24, Gold Standard, the Science Based Targets initiative, Danone, Mars and Livelihoods Fund have released a suite of new solutions to remove barriers to addressing corporate value chain emissions, under the banner of Value Change,.
The recent report from the Intergovernmental Panel on Climate Change (IPCC) clearly states that “limiting global warming to 1.5°C …require[s] rapid and far-reaching transitions in energy, land, urban and infrastructure … and industrial systems.” In the private sector, value chain or “Scope 3” emissions are often the largest source of greenhouse gas emissions, yet to date they have been the lowest area of focus for most companies due to a range of barriers.
With support from EIT Climate-KIC, this consortium of partners has published a set of practical tools to enable companies to scale climate-positive action throughout their value chains among them Value Change in the Value Chain: Best practices for Scope 3 Greenhouse Gas Management. This report has been developed by the Science Based Targets initiative, Navigant and Gold Standard, outlines the seven most effective emissions reduction levers companies can use to reduce emissions in the value chain. It also features case studies from Danone, HPE, Tennant, IKEA and Provenance.