Companies must start setting ambitious yet credible emissions reduction goals in order to mitigate climate change. These goals must be science-based, transparent, encompass Scope 3 emissions, and include both near- and long-term strategies to reach net zero.
Many companies fail to realize that climate change directly affects business. Climate action can be a daunting and broad topic for corporations to tackle, but a business’s bottom line can see surprising benefits through climate action.
Companies need an in-depth understanding of where their indirect emissions hotspots are. As regulations and stakeholder expectations change, it’s becoming best practice for companies to understand how they will be impacted. But what does measuring Scope 3 emissions actually involve?