SUSTAINABILITY Caitlin emphasises that the ability to collect data from each process and those of partners is essential to track these emissions .
“ You need digital technology to do this , such as the IFS Cloud Sustainability Hub ,” she details . “ Once you have the data you must analyse it in a platform to gain a consolidated view of your emissions and where you are in relation to your targets and the regulations that apply to you .”
Studies suggest that Scope 3 emissions can comprise up to 80 % of a company ’ s emissions , with Caitlin stating that around 70 % which are from the value chain .
Speaking at Sustainability LIVE : Net Zero – hosted by our sister brand Sustainability Magazine – earlier this year , Patrick Linighan , Chief Sustainability Officer at law firm Clyde & Co , shared that up to 96 % of the company ’ s own total emissions could be categorised as Scope 3 .
“ If we can measure and manage our Scope 3 emissions , we can gain insights into our emissions hotspots , we can prioritise reduction strategies , we can evaluate supplier sustainability performance , we can inform decisionmaking in procurement ,” he says . “ But , perhaps most importantly ,
78 August 2024