Scope 3 Decarbonization – From Data to Climate Action

10/26/2023 | Reading time: 5 minutes

The Importance of Supplier Engagement and Climate Maturity in Scope 3 Decarbonization

In our CHOICE Event #63 Luke Abbott from Equipoise Earth, one of the Top 10 Sustainable Procurement consultancies, and our CEO Yasha Tarani shared their insights on the importance of supplier engagement to gather climate data and understand your suppliers climate maturity to drive Scope 3 Decarbonization.

CHOICE Event #63 with Luke Abbott from Equipoise Earth and Yasha Tarani form The Climate Choice.

Discover in the following why every company needs to get started with their climate data program to increase value, mitigate risk and optimize costs through their supply chain.

Has your company set Scope 3 Targets? Get in touch to learn how the Climate Intelligence Platform accelerates your supplier data tracking and engagement efforts.

Mission of Sustainable Procurement to drive Decarbonization

In the pursuit of a more sustainable and climate compatible future, organizations are increasingly recognizing the significance of Scope 3 Decarbonization. This involves especially reducing emissions associated with the procurement of goods and services (Scope 3.1), which often make up a substantial portion of a company’s total carbon footprint.

To embark on this journey effectively, initial data collection is critical, and it hinges on two key components:

slide from webinar on supplier emission data and climate maturity data

Supplier Emissions Data

Supplier Climate Maturity Data

From Data Collection to Scope 3 Decarbonization

How to Prioritize Climate Actions in Procurement

To transform the way companies take buying decisions and work together with their suppliers to reduce emissions, they needs to take an active role. Best Practices is not a top-down approach, but to support your business partners and walk the talk.

This includes managing your own climate performance first, committing to strong science-based targets and providing resources for suppliers to emphazie your decarbonization agenda in specific categories.

Supplier emissions and maturity data should therefore be considered to inform the prioritisation and the approach for supplier engagement:

The 4E’s – Pillars of Successful Supplier Engagement

Supplier engagement is an ongoing process that focuses on collaboration, offering benefits to both the organization and its suppliers.

Leveraging Digital Tools: Investing in digital tools is crucial to underpin at-scale supplier engagement efforts and implement your Decarbonization Levers. Supplier collaboration on a digital platform can take various forms, starting with the data collection, and moving towards providing concrete best practices how to advancing and supporting supplier actions.

Here are some real-world examples:

In conclusion, the journey toward Scope 3 decarbonization starts with data collection, which hinges on emissions data and supplier climate maturity data. This information must be used to drive supplier engagement and the pursuit of decarbonization actions.

Collaboration drives Transformation

While procurement used to be mainly based on cost saving, today collaboration among peers on sustainability and along international climate targets is essential, as is sharing best practices and insights to encourage chance.

Digital tools, such as the The Climate Intelligence Platform, are critical for making an impact in sustainable procurement.

Get in touch to learn how to set up your Climate Supplier Program and check out the Scope 3 Action Group to join a Community of Leaders in taking Actions!