The urgency to reduce greenhouse gas emissions means every business must act. One way to make a crucial difference is by reducing Scope 3 emissions.
Companies often know how to tackle Scope 1 and 2 emissions, generated through their operations or through energy use. But Scope 3 emissions are more complex, spanning the value chain, from suppliers to distributors and customers. They can exceed 80% of a company’s total emissions. While reducing Scope 3 poses thorny challenges, it also offers the biggest sustainability gains.
Advantages of GEP’s Data-Driven Approach
- Connect data sources and leverage actionable intelligence.
- Capture metrics, establish and execute emission reduction goals.
- Determine baseline to set targets and measure performance.
- Combine software and services for agility and cost efficiency.
- Build a framework of proven processes for rapid ROI and adaptability.
Upstream and Downstream Emissions a Corporation Can Influence
How GEP Can Help Reduce Scope 3 Emissions
GEP begins by evaluating procurement and supply chains to establish your Scope 3 emissions baseline and segment your suppliers. Tackling Scope 3 offers a great opportunity to engage with suppliers, build relationships, boost efficiency and drive innovation.
Reporting & Insights
Measuring Scope 3 carbon emissions is among the major challenges to building a sustainable value chain. Any effective Scope 3 solution must be grounded in rigorous measurement and tracking of upstream and downstream emissions. That’s why GEP SMART™, our AI-powered, cloud-native software, includes an emissions-tracking dashboard.
Leverage GEP’s innovative technology to secure continuous visibility and monitor Scope 3 performance. Our custom-created emissions dashboard is built to accommodate your needs and develop data-driven strategies to reduce your carbon footprint.
Strategy
At GEP, we help you set GHG reduction goals and translate this into a road map and strategy. Procurement contributes to achieving emissions goals by selecting the best suppliers with the right sustainability metrics. We identify the challenges your procurement team faces in meeting sustainability objectives and collaborate to deliver a practical approach to tackling sustainability in your supply chain. Additionally, we help our clients build a governance framework for annual disclosures/reporting.
Transform
Reducing Scope 3 emissions requires changing how you do business and category management. At GEP, we embed sustainability into sourcing by proactively engaging and collaborating with suppliers to drive sustainability efforts. We help target key suppliers, develop collaboration strategies and identify ESG-leading suppliers, prioritizing sustainability performance in our selection criteria.
Our Track Record
- Through in-depth spend analysis, category-specific approaches and extensive market research, GEP created a sophisticated data model for a client to calculate its Scope 3 emissions baseline. We also designed an emissions dashboard to enable data-driven strategies for reducing Scope 3 emissions.
- Supported a global Fortune 500 CPG company in setting climate goals and sourcing strategy. Developed a climate target backed by a comprehensive decarbonization road map and designed a dashboard for access to all projects and financials by location.
- Partnered with a Fortune 500 manufacturing and chemicals company to optimize its warehousing supply chain network in Europe, achieving a 19% reduction in carbon footprint and an 18% reduction in costs.
- Developed a fleet electrification strategy for a $14B U.S. agriscience company with a three-step pilot approach and a comprehensive guide for electric vehicle adoption.
