Watch: What is Scope 3 and why is it important?
It’s no longer enough for businesses to just address the emissions that are created by their own activities. With scrutiny increasing, organisations of all sizes must also fully understand the impact of indirect emissions created by their value chain. These Scope 3 emissions include areas such as business travel, leased assets, purchased goods and services and waste disposal.
Watch our short video to find out more about what’s involved in Scope 3 and why it is important.
Download now: Your essential guide to Scope 3
For any business that wants to assess the total carbon impact of its organisation, having a thorough understanding of Scope 3 emissions is vital.
To support your net zero planning, we’ve created a new guide for businesses, which explains what Scope 3 emissions are, why they are important and the role they should play in your wider sustainability strategy.
Fill in the form for your essential guide to Scope 3 and register for our forthcoming webinar.
How well do you know Scope 3? Test your knowledge with our 60 second quiz.
About Scope 3
The Greenhouse Gas (GHG) Protocol defines Scope 3 emissions as “all indirect emissions that occur in the value chain of the reporting company, including both upstream and downstream”. This means it covers everything from the goods purchased to the disposal of the products you sell. In general terms - everything that happens outside of your business’ walls.
9 Questions. Estimated time to complete: 1 minute.Begin quiz
True or False
On average, 60% of business emissions fall into Scope 3.
Many organisations report that 80% of their emissions fall under the auspices of Scope 3 and, for some, Scope 3 accounts for as much as 97% of their overall emissions. This makes Scope 3 emissions a crucial element of the net zero journey.
The majority of emissions from business travel fall under Scope 1 and will not affect Scope 3 emissions.
While carbon emissions from vehicles owned and controlled by your organisation will fall under Scope 1, other business travel, for example travel by plane and employee commuting, will fall under Scope 3. In fact, many businesses can secure significant carbon savings by rethinking their business travel policies.
More than 1,000 businesses are already working with the Science Based Targets initiative (SBTi) to reduce their GHG emissions.
And with its sights set on net zero, the SBTi requires businesses whose Scope 3 emissions account for more than 40% of total GHG emissions to develop detailed Scope 3 targets.
There are 5 different categories to consider when calculating your Scope 3 emissions.
There are 15 different categories to consider when calculating Scope 3 emissions. Each will have a different set of considerations and a different range of methods for calculation, making it quite a complex task.
We asked our wider community the remaining questions - see if you can guess what they think!
How many businesses would definitely choose, or consider choosing, a supplier with a sustainability plan over one without?
Our poll showed that just over 70% of businesses would definitely choose, or consider choosing, a supplier with a sustainability plan over one without.
How many businesses say that having a low carbon supply chain will become more important to their business over the next 12 months?
Our poll showed that 50% of businesses say that having a low carbon supply chain will become more important to their business over the next 12 months.
How many businesses already have, or are planning to set, net zero goals that rely on decarbonising their value chain?
Our poll showed that one third (33%) of businesses have, or are planning to set, net zero goals that rely on decarbonising their value chain.
How many businesses that supply goods or services to other companies have been asked to prove their sustainability credentials to win new business as part of a tender or pitch process?
Our poll showed that one in four of businesses that supply goods or services to other companies have been asked to prove their sustainability credentials to win new business - something that is set to grow.
How many businesses are considering putting a limit on future business travel to reduce Scope 3 emissions?
Our poll showed that nearly half of businesses are considering putting a limit on future business travel to reduce Scope 3 emissions.
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You can find out more about planning your road to net zero, and where Scope 3 fits into your business’ sustainability plans, by downloading our new guide now as well as a range of resources to help your business plan its carbon reduction strategy.