Corporations around the world are facing a great challenge in addressing their Scope 3 emissions. Those are the emissions that are not directly generated by the company but result from the activities of the assets owned or controlled by them, up and down its value chain. As statistics show, they are responsible for the staggering 90% of a company’s total emissions.
The carbon accounting and ESG reporting platform Plan A announced the launch of a new module integrated into its SaaS platform called Supplier Module that can empower companies to address their Scope 3 emissions.
The Supplier Module measures and reports supplier-related Scope 3, Category 1 emissions “Purchased Goods and Services” and develops and implements science-based strategies and activities for reduction.
The software works as it calculates the respective emissions of the supplier data that needs to be entered. As Plan A states, those calculations are based on scientifically sound methodologies and standards.
The module enables businesses to accurately account for the impact of their suppliers, report transparently and in compliance with international reporting standards such as the Corporate Sustainability Reporting Directive (CSRD), the Sustainable Finance Disclosure Regulation (SFDR), or the Task Force on Climate-Related Financial Disclosure (TCFD).
Apart from a Supplier module, earlier this year, the company also implemented modules for events (special emissions calculator), waste (Scope 3, Category 5), and business travel (Scope 3, Category 6) that are integrated into its SaaS platform.
Providing corporations around the world with the opportunity to tackle their Scope 3 emissions is critical to accelerating the true net zero transition.
New technologies like carbon calculators and emissions reduction software give companies the tools they need to disclose and reduce their total corporate emissions accurately, reliably, and transparently across all scopes and categories. Plan A aims to do just that and help its clients cut their carbon footprint while complying with the internationally recognized “GHG Protocol” standards.