It has been more than two years since the UK legislated to hit Net Zero by 2050. Since then, the term has become a well-known phrase and something many organisations are striving towards. In this guide, Criticaleye Advisory Member, E.ON, explains where Scope 3 emissions fit into a business’ sustainability plan and how leaders should focus their efforts.
Key takeaways include:
In 2019, 17 percent of net greenhouse gas emissions in the UK were estimated to come from the business sector.
Up to 90 percent of an organisation’s environmental impact lies in the value chain, either upstream (supply chain) or downstream. It is therefore vital that businesses analyse and act on their supply chain to become more sustainable and contribute to a low-carbon economy.
Typically, Scope 3 can account for 80-90 percent of an organisation’s emissions. However, while the Scope 3 standard is the only internationally accepted method of measuring value chain emissions, it can be both complex and time consuming.