2 months ago

Companies Target Scope 3 Emissions in Supply Chain

Companies Target Scope 3 Emissions in Supply Chain
Companies step up efforts to curb supply chain emissions as focus shifts to Scope 3 decarbonization · livemint.com

Companies are trying to cut the biggest part of their carbon emissions, which come from the products they sell and the parts they buy.

TVS Motor is keeping most of its suppliers close by to cut travel emissions and uses a special scorecard to check how green they are.

Apollo Tyres is working with rubber farmers to make tires cleaner.

Larsen & Toubro says designing buildings and roads better can use less material and be greener.

Big consulting firms and Amazon’s Climate Pledge are helping companies learn how to measure and lower these emissions.

All of this is to help the planet and keep the companies from paying high carbon taxes or losing customers.

Key facts

Scope 3 share TVS Motor
95%
Scope 3 share L&T
85-87%
Scope 3 share Apollo Tyres
80%
Supplier localization
96% within 500 km
Sustainability index
My Sustainability Index
Supplier financing rates
8%, 9%, 10%
Gold suppliers
116
Platinum suppliers
30+

Quotes

Thakur Pherwani

Chief sustainability officer, TVS Motor

“We cannot solve this alone. Instead of imposing requirements on suppliers, how can we handhold them? That could be through capacity building, tools, standards or infrastructure that helps them make the transition”
livemint.com
“When you're looking at Scope 3 overall, it's not something within your control. When it's not in your control, you have to work with your value chain partners, otherwise it's going to be a fruitless effort”
livemint.com

Sources

Related news