The Value of Accounting for and Reporting Scope 3 Emissions

Supply Chain Accounting is a Must to Advance the Mission

Human activities have increased the global mean temperature by approximately 1.0°C since the industrial revolution. This anthropogenic global warming is currently increasing at approximately 0.2°C per decade due to the ongoing emission of carbon dioxide and other Green House Gases (GHG). It is well accepted within the scientific community that, by the year 2050, global carbon dioxide emissions must be reduced by as much as 85 percent of the total released in the year 2000 to limit global mean temperature increase to 2.0°C above pre-industrial levels.

Engaging value chain partners in GHG management is necessary to reach the 85 percent emissions reduction target the scientific community says is necessary to avoid a global climate catastrophe. While the quantification and reduction of Scope 1 and Scope 2 emissions is necessary, it is not sufficient to make the necessary impact on the effects of GHG emissions. The Scope 3 inventory provides a quantitative tool for an organization to identify and prioritize emissions-reduction opportunities along their value chain.

Noblis has years of experience calculating Scope 1, 2 and 3 emissions for the federal government and designing reduction strategies.