Navigant develops new guidance with Science-Based Target initiative and Gold Standard
Together with the Science-Based Targets initiative and the Gold Standard, Navigant developed new guidance describing emissions reduction levers companies can employ to reduce greenhouse gas (GHG) emissions across their value chain, called scope 3 emissions. The experts launched the paper, “Value Change in the Value Chain: Best Practices in Scope 3 GHG Management” at the UN climate conference, COP24, in Katowice, Poland this week.
Scope 3 emissions are on average four times higher than emissions from a company’s own operations. At the same time, corporations have no direct control over their scope 3 emissions. Managing and reducing value chain emissions becomes increasingly important for businesses in the context of reaching Science Based Targets, increasing carbon prices and meeting sustainability requirements from investors and customers.
Navigant contributed to the guidance with in-depth knowledge and experience in accounting corporate GHG emissions, setting Science-Based Targets, and developing emission reduction roadmaps.