ESG for the first time – are forcing firms to turn their sustainability claims into action . Soon , every organization will have to report on Scope 3 emissions , and it will continue to be a key agenda item for board meetings .
Procurement plays a pivotal role
Cutting Scope 3 emissions might seem like an insurmountable task . This is because these emissions are out of an organization ’ s direct control , so monitoring and reducing them is challenging .
Procurement is ideally placed to ‘ own ’ Scope 3 emissions and showcase its value and strategy . As the gatekeeper to an organization ’ s suppliers , procurement already helps organizations share , gather , and validate supplier and spend data across tier 1 and sometimes tier 2 and 3 suppliers . This same approach can be applied to emissions data .
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