VALUE CHANGE PROGRAMME
Addressing value chain emissions Scope 3 solutions
Gold Standard consensus-driven guidance, tools and resources help companies tackle their climate impact up and down their value chains, creating value for their business, their partners and our global society.
Value chain or “Scope 3” emissions are often the largest source of corporate carbon footprints, yet to date they have been the lowest area of focus for most companies. Many have not yet taken direct action due a number of barriers, ranging from:
- Uncertainty about who is responsible for these indirect emissions
- Limited access to supplier emissions data
- Lack of guidance on how to account for reductions from investments in supply chains
- Inadequate recognition thereby reduced incentives to invest in meaningful change beyond direct operations
This programme features practical tools that remove these barriers to addressing value chain emissions.
Value chain activities sponsored by sustainable business
In addition to purchasing high-impact carbon credits, companies use Gold Standard guidance and calculation tools to reduce emissions in their value chains and report on these outcomes toward their Science Based Targets or Net Zero climate goals.
VALUE CHAIN (SCOPE 3) GUIDANCE
Value Chain Interventions Guidance
ENSURING INTERVENTION LEVEL EMISSION REDUCTIONS ARE RECOGNISED BY ACCOUNTING PROTOCOLS
Often, the most meaningful change can come from interventions that help partners upstream and downstream reduce emissions. Yet emission reductions at the intervention level previously could not be accounted for in the leading GHG accounting frameworks, like the GHG Protocol. Thus, companies have not been recognised for these emission reductions in their corporate footprint, limiting the incentive to invest in these projects and programmes.
Value Chain Interventions Guidance enables reporting on emissions reductions toward performance targets, in line with common accounting frameworks like the GHG Protocol.
December 2019: To provide greater clarity and further options, Gold Standard has developed two update addendums to the guidance, covering 'Supply Shed' and 'Accounting'. These concepts will remain under review until fully accepted and approved by the Greenhouse Gas Protocol.
VALUE CHANGE IN THE VALUE CHAIN: BEST PRACTICES IN SCOPE 3 GREENHOUSE GAS MANAGEMENT
HOW TO PRIORITISE OPPORTUNITIES AND REDUCE VALUE CHAIN EMISSIONS
This guidance outlines the various levers for reducing value chain emissions — business model innovation, supplier engagement, procurement policy and choices, product and service design, customer engagement, and investment strategies. It helps companies navigate these to set the most effective strategies for their own business.
SECTOR SPECIFIC GUIDANCE
GUIDANCE FOR SOIL ORGANIC CARBON (SOC)
HOW TO DEFINE, MONITOR AND REPORT ON INTERVENTIONS THAT IMPACT SOIL ORGANIC CARBON
Focusing first on the food & beverage sector, this Soil Guidance is aimed at any company with a Scope 3 emissions reduction target that seeks to account for interventions that impact total net Soil Organic Carbon (SOC) associated with purchased goods and services. It demonstrates how to quantify carbon sequestered in soil, a severely neglected source of carbon sinks and a linchpin in farmer productivity.
Note that we plan to develop further guidance for priority sectors, including sustainable apparel, chemicals, electronics and transport. Find out more about these working groups and how to get involved at ValueChain Working Groups (LINK TO WEBPAGE)
VALUE CHANGE CASE STUDIES
Barry Callebaut’s ‘Forever Chocolate’ programme plans to make sustainable chocolate the norm by 2025. Read this case study to see how the world’s leading chocolate supplier is helping to ensure future supplies of cocoa, providing measurable climate benefits and improving productivity and farmer livelihoods.(View the Case study by clicking on the image below)
Mars, Gold Standard and Sustainable Food Lab are helping Australian farmers measure and reduce net greenhouse gas emissions from wheat. Read this case study to find out how this initiative has improved soil health, created greater resilience to weather shocks, produced higher yields and reduced net GHG emissions.