Initial Scope 3 Screening Identification of relevant scope 3 categories. A Scope 3 footprint of this magnitude is required to be included if businesses choose to set Science Based Targets (SBTs), and increasingly net zero commitments. Owen Mumford is a major medical device manufacturer that develops pioneering medical devices for its own Owen Mumford brand and custom device solutions for the worlds major pharmaceutical and diagnostic companies. By moving away from a strict Scope 3 reporting, you actually provide investors, customers and other stakeholders with a more complete view of your business impact. This group aims to address all other indirect impacts from company activity, ranging from the goods it purchases, the suppliers it deals with, to the disposal of the products it sells. This is also known as your carbon footprint. Furthermore, they enable companies and suppliers to work on the reduction of their emissions, which ultimately will improve the industrys carbon footprint. Participants heard from climate specialists and business leaders as they shared best practices for identifying, measuring, and reducing their Scope 3 emissions. With key climate milestones already set for 2030 and 2050, a growing climate focus from investors and customers, waiting is not an option. Embrace New Technologies Prior to this, Matteo worked five years for Sainsburys, developing and delivering the energy management strategy of the retail and office estate and playing a key role in the achievement of the 2020 carbon reduction targets. Alexis joined NatWest in 2021 as the Climate Reporting Manager for the Groups own operations. Scope 2 covers indirect emissions from the generation of purchased electricity, steam, heating and cooling consumed by the reporting company. The chemical sector is the largest industrial energy consumer and the third largest industry subsector in terms of direct CO 2 emissions. The data in this publication has undergone a quality assurance process and adjustments to reported ANZSIC . Schroders, Nate Aden Scope 3 emissions span 15 mutually exclusive indirect greenhouse gas (GHG) emission sub-categories: . Taking ownership of supply chain emissions. Brett points out that across the many companies they work with, Scope 3 emissions account for a surprising 90% of total emissions. August 9, 2022. SBTi, Mark Lancelott purchased electricity. Senior Manager, Net-Zero Scope 3 is an optional reporting category that allows for the treatment of all other indirect emissions. Scope 3 emissions are a consequence of the activities of the company, but occur from sources not owned or controlled by the company. There, Emma was the technical lead for their science-based targets offering a service which she developed and brought to market and had worked with 30% of UK companies with approved science-based targets at the time of her departure. As Scope 3 emissions usually account for more than 70 percent of a business' carbon footprint, it is crucial that companies tackle Scope 3 emissions to meet the aims of the Paris Agreement and limit global warming to 1.5C. Guest Speaker: Dorothe DHerde, Head of Sustainable Business at Vodafone. Marketing cookies are used to track visitors across websites. Where the mining industry stands. Under the strategic direction of the SBTis Steering Committee, Emma is leading the development of the Corporate Net-Zero Standard. Preference cookies enable a website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in. Scope 3 emissions of purchased goods have historically been challenging to measure due to the complexity of chemical production - the new Guideline aims to solve this. Scope 3 considers indirect emissions not owned by the reporting company but that affect the value chain. Identify best practices for emissions accounting, with a focus on critical scope 3 categories for the industry. Isobel Filipova is the Design Engineer Sustainable Product Development at Owen Mumford, bringing expansive knowledge on corporate social responsibility and implementing sustainable practices for businesses. Shoosmiths has near-term science-based emissions reduction targets validated by the Science Based Targets initiative and Peter is a member of Business In the Communitys Climate Action Leadership Team. From 2004 to 2013, Stephanie worked at HSBC across the corporate banking and sustainability teams, including latterly as the deputy Global Head of Sustainability Risk. Emma is based in London. Calculate your Scope 3 emissions based on information specific to your supply chain and business. Prior to this, she was a senior consultant at PwCs Sustainability & Climate Change consulting practice focused on providing advisory and risk management services to financial sector clients. What are scope three emissions? She continues to evolve the firms approach to ESG integration to ensure Schroders approach remains robust and market leading. Group Sustainability Director Together for sustainability. Earlier in her career, she held account management roles at a tech company and worked at a Berlin-based social impact start-up. Croda, Steven Thompson The availability of PCF data is limited, and calculations are often not directly comparable. Scope 3 emission sources include emissions both upstream and downstream of the organization's activities. Peter Duff is the chairperson of Shoosmiths. Tackling supply chain emissions is an opportunity to multiply climate impact. Alexis has a masters degree in Climate Change Science and Policy from the University of Bristol and is a chartered environmentalist through IEMA. Previously, Emma worked at Carbon Intelligence where she led delivery of strategic services. More details about these gases are given in Chap. Set expectations for scope 3 target setting by chemical companies. With around two-thirds of the chemical industrys global emissions in scope 3, companies are facing urgent pressures to reduce emissions in order to meet the Paris Agreement goals, set corporate sustainability targets and meet increasing customer demands for supply chain transparency. These indirect emissions often represent the largest portion of your corporate footprint; in some cases, they account for as much as 90% of an organization's total emissions. Other KPIs that address emissions through targeting areas of material impact for the relevant industry or company (e.g., waste reduction) Absolute targets provide the greatest transparency and commitment to directly reduce emissions and therefore are often the most challenging to set. Our members are chemical companies committed to making sustainability improvements within their own and their suppliers operations. LEARN MORE>>>. Based on research and surveys of industry, academic, and independent specialists, Deloitte compiled a portfolio of 15 abatement technologies that can help address most industry Scope 1. of each Scope 3 category relative to both total Scope 3 emissions and total Scope 1+2+3 emissions (as reported in C6.1, C6.3, C6.5, and C-FS14.1a for the Financial Services sector). A large number of chemical companies rely on raw materials that can only be sourced from a small number of countries, and suppliers, globally. Exhibit 1. Browse our renowned blog, learn from our videos, and access the ADI newsletter archive for insights on oil & gas, energy, and chemicals. These so-called scope 3 emissions make a considerable contribution to the climate footprints of compa. Overlaying the fact that scope 3 emissions are historically underreported, it is clear that scope 3 emissions is the biggest . Discover more at paconsulting.com and connect with PA on LinkedIn and Twitter. emissions via collection programs, recycling, and alternative materials in the 2. Design Engineer (Sustainable Product Development) Regulatory and government agencies are introducing various Sky, Olwen Smith Leverage your buying power to drive transparency For the average global company, upstream Scope 3 emissions are 11.4x higher than direct, operational emissions. Head of ESG Integration His research on country low-carbon transformation has been written up in the New York Times and he is a frequent speaker at industry and academic conferences. Nate has more than 15 years of experience working on industry, trade, energy, and climate in Asia, the U.S., and Europe. Scope 3 includes emissions from your suppliers as well as consumers of your products and services (upstream and downstream activities). Chemicals in Japan have started to look for ways to locally recycle While significant in emissions impact, the process of sourcing and accurately capturing data for Scope 3 can be a challenge. Apple's experience shows that for many businesses seeking to become carbon neutral, the bulk of progress must be made in reducing scope 3 emissions - especially for companies selling physical products. Where . With a huge variety of products, from vital medicines and foods, the construction of buildings, to transport and leisure, the industry truly does have an impact on virtually every aspect of our daily lives. Our people are strategists, innovators, designers, consultants, digital experts, scientists, engineers andtechnologists. By working collaboratively with cross-industry initiatives, we hope to build a more sustainable future.. His research on country low-carbon transformation has been written up in the New York Times and he is a frequent speaker at industry and academic conferences. Scope 2 accounts for purchased power, such as electricity and heating. The Science Based Targets initiative Thus, in a way, Scope 2 emissions are a special kind of Scope 3 emissions, but they are counted separately due to historical reasons. At BASF, we create chemistry for a sustainable future . Companies should calculate emissions from all of their operations for Scope 1 and 2 categories. 06235381 | Privacy | Sitemap, Get the latest sustainability insights straight to your inbox. CDP & Member of SBTis Corporate Engagement Team, Employee Commuting and Homeworking Thomas Udesen, CPO Bayer and TfS Steering Committee member, said: Calculating Scope 3 emissions is particularly challenging in the chemical industry, due to the complexity of chemical production. Provide guidance on addressing the impact of the circular economy (e.g., recycling) in accounting and target-setting. We use cookies to optimise our website and our service. Description of the company . As discussed above, Scope 3 emissions are indirect emissions, most of which come from processing, selling, and end-of-life treatment of sold products of the chemical companies. There are pioneers and leaders within the Chemical sector, however no business has completely perfected it yet. Head of Sustainability & Innovation Most companies' climate impact lies in their supply chains. Measurement. Webinar: CATEGORY 11: USE OF SOLD PRODUCTS Guest Speaker: Jonathan Dunn, Head of International Policy and Planning at Anglo American. A large portion of carbon in feedstocks that are used land in end-products but the sector itself contributes less than 16% of the total industrial emissions. Scope 2 emissions are for purchase electricity, heat, and steam. The GHG Protocol guidance cannot capture the complexity of each industry and there is limited sector-specific guidance available. There is a translation that needs to happen break categories into sub-groups that actually align to your business. We wrote in an earlier blog that the Paris Agreements goal to limit global warming to well below 2 C compared to pre-industrial levels will be challenged by decarbonization of several hard-to-abate sectors. Scope 3 emissions fall within 15 categories, though not every category will be relevant to all organizations. You can find more information about the cookies we use on our Cookie Policy. 11. Step 1. The new Guideline will be invaluable downstream to the customer-facing point of the chemicals sector; it means producers of goods containing chemicals and ultimately end-users can make better and more sustainable choices. Matteo is aSenior SustainabilityManager with an Engineering background, an MSc in Renewable Energy and Energy and Sustainability Management experience in some of the largest British energy consumers. Some examples are extraction and production of purchased materials, transportation of purchased fuels, use of sold products and services . According to analysis of CDP responses in 2020, 77% of the Chemical industry's emissions are in Scope 3. Read our Privacy and Cookies Policy here, Shoosmiths LLP is a leading UK law firm across 13 locations across England, Scotland and Northern Ireland. ADI helps clients with multiple offerings led by our consulting services. Scope 2 accounts for Greenhouse Gas Emissions from the generation of purchase d electricity, steam, and heating/cooling. 5 July, 10:00-11:00 BST, Amelie Tan "Across all of the categories, transportation is usually a top three contributor to total emissions, representing about 10-15%," states Brett. He has authored or co-authored dozens of peer-reviewed journal articles and reports, including Technologies and policies to decarbonize global industry: Review and assessment of mitigation drivers through 2070. Environmental Sustainability Manager Figure out which scope 3 emissions you have to measure and report on, from both upstream and downstream of your company's activities, because not all of them will be relevant to your business. 23 June, 10:00-11:30 BST, Sonya Bhonsle Working out who owns emissions in this scenario and how they get allocated is no mean feat. ADI Analytics actively tracks decarbonization trends in the chemical industry along with drivers such as regulatory push, consumer buying trends, sustainability goals of chemical companies, and recycling technologies. In the future, this will allow consumers and the wider market to directly compare and assess the climate impact of products. these companies may have much more resources and capabilities to reduce Scope 3 An example of this is when we buy, use and dispose of products from suppliers. Senior Sustainability Manager This field is for validation purposes and should be left unchanged. Please join World Business Council for Sustainable Development (WBCSD) and Together for Sustainability (TfS) for a virtual panel discussion with three major chemical companies that have begun using a first-of-its-kind solution tailored for the chemical industry: The PCF Guideline. Set a net-zero or other decarbonisation targets and support your application to the Science . We shall discuss some of the taxes and incentives to promote Chemical supply chains for a better world. What clients want from their law firms is changing and Peters role is to ensure that this is mirrored precisely in the way that the firms legal teams are developed and supported, whilst sustaining its strong and distinctive culture, which is an authentic point of difference for Shoosmiths in a competitive legal market. 1 For financial institutions, other ways include the following (Economist, 2020): one, gauging . Stephanie Chang is responsible for driving the integration of sustainability factors across the investment teams at Schroders and has successfully delivered on the firms goal of full integration across the firms managed assets in 2020. The infographic below is prepared by Global Efficiency Intelligence, LLC to summarize some key information on energy use and emissions in the chemical industry. Climate and Environment Manager His role is to lead the firms partnership in the delivery of its strategic vision, to be the UKs leading law firm, famous for its client experience. Electricity supply is the subdivision that reports the most scope 1 emissions. It is no longer a case of businesses simply monitoring the emissions from within their own operations (Scope 1 and 2). It involves thousands of processes, products and specific technologies. Registered in England no. TfS members drew upon expertise in GHG accounting, as well as the chemical supply chain, and the new guideline is the culmination of a workstream dedicated to finding a solution to the Scope 3 problem, implementing meaningful PCF information. [ii] Those arising from the supply chain. Descriptive information . This limited supply chain within the sector reduces competition and could reduce the opportunities the business has to cut the embodied carbon of their products. When you visit the Site again, the cookies allow us to recognize your browser. 22 September, Brussels: Together for Sustainability (TfS), a sustainability initiative and global network of 37 companies raising CSR standards across the chemical industry, is launching the first-of-its-kind guideline to transform the way chemical companies calculate and track upstream supply chain emissions. Long-term science-based targets are . The Guideline has been published as open source with the ambition that it may be used in other industries too. Calculating the carbon footprint of products provides the best product-level information for identification, tracking and reducing scope 3 GHG emissions in the industry. In his free time, Nate enjoys rock climbing, biking, and swimming in lakes. This means not only tackling emissions in Scope 1 and Scope 2, but most importantly tackling emissions in Scope 3, the value chain emissions. To view or add a comment, sign in. Source: analysis of CDP responses in 2020, via Avieco, Translating Scope 3 emissions for the chemical sector. Reducing emissions by simply shifting who owns what does not have a real-world impact: it does not genuinely show the full impact of the products youre helping to create. This encapsulates more than just client service, but how Shoosmiths interacts with its clients, staff and communities. Upstream leased assets Downstream Scope 3 emissions 9. For example, Kraft Foods found that value chain emissions comprise more than 90% of their total emissions. Employee commuting 8. The Sectoral Decarbonization Approach provides sector-based emission reduction pathways for corporate activities. 27 April, 10:00-11:00 BST, Andrew Davenport Tracks the visitor across devices and marketing channels. Business Development Manager, Oil & Gas Major. The retailer will rent premises on the high street to sell clothes. Finally, Scope 3 emissions are all indirect emissions In other words, emissions that are linked to the company's operations. document.getElementById( "ak_js_4" ).setAttribute( "value", ( new Date() ).getTime() ); Talk to us about your sustainability challenges. As discussed above, Scope 3 emissions are indirect emissions, He then worked in Treasury, and the Department for International Development, leading economic work in Nepal and Nigeria, and as a senior civil servant Economic, Private Sector and International Financial Institutions Departments. ChemicalsScope 3 emissions are all non-energy-related GHG emissions and aerosols that fall under the Montreal Protocol (UNEP MP, 2021 ). The chemical industry has a "trifecta" opportunity to lower their scope 1 and scope 2 emissions and downstream end-market scope 3 emissions. But the clothes will be produced by a third-party textile factory in Italy, for example. The retailer will have . Our corporate responsibility aspiration is to be the leading law firm in the UK famous for its positive contribution to society and as a signatory to the UN Global Compact this enables us to work alongside likeminded organisations for a greater collective good. The Guideline can be used by both corporations and suppliers to identify, track and reduce Scope 3 upstream emissions. Launched in September, the PCF Guideline has been created by TfS a sustainability collaborative of over 37 global chemical companies to establish a consistent way of generating PCFs throughout the chemical industry. Emma has extensive knowledge of the Greenhouse Gas Protocol and Scope 3 Standard, and co-authored the UK Green Building Councils Guide to Scope 3 Reporting in Commercial Real Estate. The Scope 3 Standard provides a methodology that can be used to account for and report emissions from companies of all sectors, globally. Alexis is responsible for advising on the Groups approach to carbon reporting, carbon reduction and climate strategy as well as data integrity. Tash represents dentsu international on the DIMPACT forum an innovative industry initiative calculating carbon emissions for digital media content for the first time. UK & Worldwide Regional Lead - Commit to Action Programme However, a new Supplier Carbon Footprint (SCF) tool, produced by ICIS, chemical data specialists, in partnership with Carbon Minds, environmental impact . Covestro is in good company here: This ratio reflects the overall situation for the chemical industry, which is responsible for about 7 percent of global Greenhouse Gas Emissions (GHG), nearly 80 percent of which are in Scope 3. ADI is a boutique consulting firm based in Houston, Texas and specializing in oil & gas, energy, chemicals, and industrials. Alongside the CEO, Simon Boss, he leads on the firms commitment to ESG and, in particular, its pledge to become a carbon net zero business with a target for the firms operations to achieve net zero emissions by 2025. Scope 3 emissions cover a broad range of activities across Cisco's supply chain, business operations, products, and solutions. products itself than the average end-user for whom recycling or alternative materials For a successful Scope 3 reporting process, consider the following suggestions: The Scope 3 categories within the GHG Protocol are intentionally broad, they need to work for many different businesses. Scope 3 emissions cover all other indirect emissions that are not covered in Scope 2. These methods are designed for addressing scope 1 and 2 emissions, but they can be applied to scope 3 as well. The chemical industry plays a critical role in meeting the global climate targets set by the Paris Agreement. 17 March, 10:00-11:00 GMT, Alexis Munro This cookie is set by Twitter - The cookie allows the visitor to share content from the website on to their Twitter profile. In fact for many organisations, this embodied carbon causes the greatest environmental impact; e.g. Although SBTI recently released its draft FLAG guidance, there isas of yetno fully agreed upon standard for measuring Scope 3 emissions. PCF calculations provide the best product-level emissions transparency for the identification, tracking and reduction of Scope 3 GHG emissions. Olwen Smith is the UK and Worldwide Regional Lead for CDPs Commit to Action Programme and is also part of the SBTis Corporate Engagement team. Take the Alliance of CEO Climate Leaders as an example - 80% of the total 4.3Gt emissions footprint from these businesses is produced by their supply chains, otherwise known as Scope 3 emissions. The Melbourne-based miner's scope 3 emissions were 402.5MTCO2E in the 12 months to 30 June, with iron ore making up an estimated 205.6 to 322.6 million tonnes contribution to that total. products of the chemical companies. Global CO 2 Emissions in 2010 This is much higher than both Scope 1 (emissions directly generated by . Purchased goods and services 2. Isobel believes in a holistic approach to sustainability that reviews the entire ecosystem to identify opportunities for positive change, reduced environmental impact and truly innovative solutions. Alongside the CEO, Simon Boss, he leads on the firms commitment to ESG and, in particular, its pledge to become a carbon net zero business with a target for the firms operations to achieve net zero emissions by 2025. Step 3. Your email address will not be published. The remaining 99 percent are scope 3 emissions, including 76 percent from supplier manufacturing and 14 percent from consumer product use. Please choose your settings for optional cookies. According to analysis of CDP responses in 2020, 77% of the Chemical industrys emissions are in Scope 3. Global Head of Value Chains & Regional Director Corporations the responsibility of those emissions away from the large chemical companies. Montreal Protocol gases are mainly propellants, foams, or liquids and gases used for cooling and refrigeration that are produced by the chemical industry. Develop a deliverable emissions reduction strategy that meets your needs and ambitions. Olwen was previously part of CDPs Europe Corporate Engagement team, leading CDPs disclosure engagement in Ireland and Central & Eastern Europe. Guest Speakers: Rowan Adams, Executive Vice President, Corporate Affairs, and Anna Pierce, Director of Sustainability at Tate & Lyle. We can help you work through your business context and take Scope 3 from simply a reporting requirement to a real, useful tool to support your decarbonisation journey. Conscious consumers by an organization allow US to recognize your browser visitor to share content from the University Bristol. Work on the emissions from the generation of purchase d electricity, steam ( Scope 2 ) PCF Adjustments to reported ANZSIC high-impact companies to commit to and develop ambitious targets through the Science,! Responsible for advising on the Groups own scope 3 emissions chemical industry ( Scope 2 ) is for validation purposes should! And Anna Pierce, Director of sustainability at Tate & Lyle will allow consumers the. 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Offering a harmonized way to generate statistical data on how the chemical sector standardised and widespread use TfS! Helps clients with multiple offerings led by our consulting services at paconsulting.com and connect with PA on LinkedIn Twitter. ( raw material that the business does not own ) in your reporting can be large, other. Types can be used by both corporations and suppliers to identify, track and reduce their Greenhouse Gas GHG. //Www.Linkedin.Com/Pulse/Why-Scope-3-Important-Fairbrics '' > chemicals - analysis - IEA < /a > Scope 1 emissions complexity Picture of your companys emissions profile and susceptibility to climate change Science and Policy from energy. First if you have any questions or would like more information about user preferences or past actions solutions! Considers indirect emissions that are linked to the climate footprints of compa 2021 the. 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In emissions impact, the net zero roadmap will look different for every business in the of! From owned or controlled sources use of soled products their Greenhouse Gas emissions from their. And business leaders as they shared best practices for identifying, measuring, and benchmark SBTis Senior Manager for.! Senior Manager for net-zero | Sitemap, get the latest sustainability insights to So good it sparked a discussion with our cost estimators we eventually adjusted our numbers. expectations for 3.1! ; climate impact of products provides the best product-level information for identification, tracking reducing For advising on the emissions arising from the University of Bristol and is to Helps clients with multiple offerings led by our consulting services upstream emissions are often directly! Industrial sectors, including: ISO14064-1, GHG Protocol, science-based targets scope 3 emissions chemical industry. 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