Unpacking Scope 3 Emissions: The Different Categories Explained
As we know Scope 3 pertains to all the indirect emissions that take place within a company's value chain. The 15 categories under scope 3 serve as a structured model...
As we know Scope 3 pertains to all the indirect emissions that take place within a company's value chain. The 15 categories under scope 3 serve as a structured model...
Namely, the Science Based Target Initiative is the body that provides a clear carbon reduction pathway, setting targets for organisations and businesses to limit their emissions and providing recommendations and guidelines.
The private sector must play a fundamental role in reducing GHG emissions by embedding science-based targets in sustainability management: setting a science-based target is a five-step process including committing to the target, developing it, submitting it for validation, communicating it to stakeholders, and disclosing progress annually. Embedding science-based targets in sustainability management is crucial to cope with new national and international regulations, while also best positioning in a more sustainability-sensitive market.
On the 10th of November the European Parliament approved the Corporate Sustainability Reporting Directive (CSRD) as part of the EU legal framework.