A low carbon economy cannot be achieved without businesses addressing their value chain. Engaging with all those organisations up and downstream of your business is an important first step.
Some examples of common value chain emission sources include waste produced during operations, purchased goods and services, and business travel.
By measuring your value chain emissions, a business may find emission hotspots and opportunities to reduce costs. You can identify which suppliers are leaders and which are laggards in terms of their sustainability performance. Purchasing carbon neutral products and services is an excellent way of reducing your Scope 3 greenhouse gas (GHG) emissions.