July 6, 2023Resources
As businesses continue to become more environmentally conscious, many are turning their attention to Scope 3 emissions. These emissions, also known as indirect emissions or value chain emissions, are caused by activities both upstream with suppliers and downstream with client activities, including vendors, outsourced activities, employee commutes, business travel, and more.
In many industries, Scope 3 emissions account for the biggest amount of GHG emissions and are also the most difficult to measure and address. This is due to the fact that in today’s economy, many tasks are outsourced, and few companies own the entire value chain of their products.
First, it allows companies to take responsibility for their entire carbon footprint, not just their direct emissions.
By measuring and offsetting Scope 3 emissions, businesses can ensure they are doing their part to combat climate change.
Second, measuring and addressing Scope 3 emissions can help businesses improve their sustainability reputation, which can be beneficial for attracting and retaining customers and talent.
As more and more consumers are looking to support environmentally friendly companies, offsetting Scope 3 emissions can give a business a competitive edge. By using tools like The Climate App for SAP Concur, companies can access all relevant documentation needed for reporting on their tangible climate action steps.
Third, measuring and addressing Scope 3 emissions can also help businesses identify areas where they can improve their environmental performance and reduce costs.
For example, by measuring emissions from business travel, a company may identify opportunities to reduce travel or switch to more responsible modes of transportation.
Measuring, reducing, and addressing Scope 3 emissions, particularly from business travel, is an important step for businesses to take to combat climate change, improve reputation, and reduce costs.
With the help of tools like The CHOOOSE Climate App for SAP Concur, businesses can easily measure, manage, and offset their Scope 3 emissions. By making a commitment to address their Scope 3 emissions, businesses can take steps toward a more sustainable future.
About CHOOOSE: CHOOOSE™ provides the leading Software-as-a-Service (SaaS) platform empowering businesses to integrate climate action into customer experiences. Enterprise partners in sectors like aviation, travel and logistics deploy CHOOOSE to build, manage and report on customer-centric climate programs that embed climate action wherever they interact with their consumer or corporate customers. Headquartered in Oslo, Norway, CHOOOSE has enterprise partners and employees around the world. Learn more at www.chooose.today.