Corporate Value Chain(Scope 3) Accounting and Reporting Standard
The Corporate Value Chain (Scope 3) Standard allows companies to assess their entire value chain emissions impact and identify the most effective ways to reduce emissions.
Often, the majority of total corporate emissions come from scope 3 sources, which means many companies have been missing out on significant opportunities for improvement. Users of the new standard can now account for emissions from 15 categories of scope 3 activities, both upstream and downstream of their operations.
The scope 3 framework also supports strategies to partner with suppliers and customers to address climate impacts throughout the value chain. The Corporate Value Chain Standard has been created through a broad, inclusive, multi-stakeholder process. Over a three year period:
2,300 participants were involved from 55 countries;
96 members participated in technical working groups to draft the standard, and;
34 companies from various industries road tested the standard in 2010.
The new standards provide a methodology that can be used to account for and report emissions from companies of all sectors, globally. They are accompanied by user-friendly guidance and tools developed by the GHG Protocol.
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