Exchange of the “product carbon footprint“ – Key to decarbonization

Reducing Scope 3 emissions is a major challenge in the race towards net zero. Companies worldwide, spurred by the Science Based Targets Initiative (SBTi), have made notable strides in mitigating their direct emissions (Scope 1) and those from purchased electricity (Scope 2).

However, decarbonizing Scope 3 emissions — those embedded both upstream and downstream throughout a company’s supply chain and generally account for more than 70% of the industry’s greenhouse gas emissions on average — is complex.

Schneider Electric and the World Economic Forum’s Industry Net Zero Accelerator initiative have been exploring how exchanging “product carbon footprint” (PCF) data is a key step towards emissions reduction and holistic product life cycle assessment.

If you would like to read the full article how Schneider is piloting with ESTAINIUM, you can do so via the following link:
Read more on the WEF website