In today's dynamic landscape, the concept of sustainability has transcended being a passing trend to become a critical imperative for enterprises spanning various sectors. As concerns about environmental decline and climate shifts amplify, businesses are increasingly compelled to embrace sustainable measures across their value chains.
Scope 1, Scope 2, and Scope 3 emissions are categories used to classify and measure the greenhouse gas emissions associated with a product or organisation. Scope 1 are direct emissions from sources owned or controlled by the organization, such as emissions from burning fuel on company premises or from company vehicles. Scope 2 are indirect emissions from the generation of purchased electricity, steam, heat, and cooling consumed by the organization. Scope 3 are all other indirect emissions that occur in the value chain of the organization, such as emissions from transportation of goods, use of sold products, and waste disposal.
Product carbon footprintingfocuses on a particular aspect, specifically the entire life cycle of a product. It quantifies the volume of greenhouse gas emissions generated or used throughout a product's lifespan which includes emissions from all three scopes but the majority are typically found in Scope 3. Scope 3 emissions hold significance as they often constitute the primary source of emissions for numerous companies. By gauging and mitigating their scope 3 emissions, companies have the potential to make a substantial impact in curbing their overall carbon footprint.
Here are actionable strategies for business to manage product carbon footprint within the supply chain:
In summary, product carbon footprinting provides clarity regarding the greenhouse gas emissions linked to products. However, it is just one component of a broader sustainability evaluation. Comprehensive assessments of product sustainability encompass environmental, economic, and social considerations.