Amarnath Reddy’s Post

Besides Scope 3 #carbon emissions, how are #energy #cost #savings related to emissions? Who has #AI #platforms quantifying them? #Savings are crucial to convince companies to adopt Scope 1, 2 and 3.

In order to make meaningful change, as an industry, we need to understand scope 3. 🌍 Everything we buy has an impact on our scope 3. 🛒 Food and drinks, 🍽️ Cleaning products, 🧼 Room amenities, 🛏️ Irons, 👕 Fridges, ❄️ Kettles, ☕ Tea trays, 🍵 Uniforms, 👔 Linen, 🧺 Soft furnishings, 🛋️ Single-use water bottles! 💧 EVERYTHING HAS A CARBON FOOTPRINT; everything will need to be calculated, added up, and documented. 📊 We are someone else’s scope 3. 🤝 By reducing our scope 3 emissions, we become more attractive to corporate bookers. 💼 Carbon budgets are a thing. 📉 CFP prpn is a thing. 🛌 It’s a race to the bottom (in a good way). 🏁 If you want to understand more about how emissions reporting affects your hotel and what you can do to reduce it, please get in touch. 📞 (I don’t do calculations; I do education and reduction plans.)

Scope 3 Emissions Scope 3 emissions are the indirect emissions linked to a company’s activities across its value chain. They can be divided into two categories: Upstream emissions: These come from producing the goods and services a company buys, manufacturing equipment, transportation, handling waste, employee commuting, and business travel. Downstream emissions: These arise from how customers use the company’s products, how these products are disposed of, and emissions from leased assets. The Impact Scope 3 emissions are often the largest part of a company’s carbon footprint, sometimes making up more than 70% of their total emissions. In sectors like manufacturing, consumer goods, and technology, these emissions dominate due to extensive supply chains. For some businesses, their Scope 3 emissions can be 26 times higher than their direct (Scope 1) and energy-related (Scope 2) emissions combined. Challenges in Measurement It’s hard to calculate the total global contribution of Scope 3 emissions because companies often lack consistent reporting standards, and data is incomplete. This creates challenges in accurately understanding their role in the global carbon footprint. Action for Real Change Reducing these emissions requires stronger rules, innovative solutions, and companies committing to real efforts to lower emissions across their value chains. The Debate A key controversy around Scope 3 emissions is whether companies are using them to shift responsibility to suppliers, consumers, or governments, rather than owning their role in reducing emissions. This raises questions about accountability and fairness in tackling climate change. #Scope3Uncovered #ValueChainImpact #SustainabilityShift #BeyondCarbonNumbers #HiddenEmissionsTruth #EmissionResponsibility #NetZero

🌍 Breaking Down Scope 3 Emissions: The Largest Piece of the Carbon Footprint Puzzle 🌍 Scope 3 emissions account for a substantial portion of most companies' carbon footprints, yet they’re often the hardest to measure and reduce. Unlike Scope 1 and 2, Scope 3 includes all other indirect emissions that occur up and down a company’s value chain. From raw material extraction to product disposal, it’s the most comprehensive and impactful area of emissions to address. Here’s why Scope 3 matters – and where the challenges lie: 🔹 High Impact Potential: For many companies, Scope 3 emissions represent up to 90% of their total greenhouse gas emissions. By reducing Scope 3, businesses can make the most significant strides toward net-zero goals. 🔹 Complex Categories: Scope 3 includes 15 unique categories, covering everything from purchased goods and services to employee commuting and investments. Each category requires a tailored approach for accurate measurement and reduction. 🔹 Challenges in Data Collection: Tracking Scope 3 emissions is often difficult due to complex supply chains and a lack of consistent data from third parties. However, CarbonSuite offers tailored and effective solutions to easily overcome these challenges. 💡 Ready to Start? Our latest blog breaks down Scope 3 with actionable insights to help you understand, measure, and reduce these crucial emissions. Read more here 👉 https://lnkd.in/d6_B4EwC #Scope3 #Sustainability #CarbonFootprint #NetZero #CarbonSuite #GHG #ESG

How well do you understand the sources of your company's carbon emissions?🔍 From the fuel burned in your vehicles to the electricity you purchase and the emissions from your supply chain, every aspect of your operations contributes to your carbon footprint.👣 But where do these emissions really come from, and how can you effectively reduce them?🤔 Scope 1, 2, and 3 emissions provide a comprehensive framework for identifying and managing these sources: - Scope 1: Direct emissions from company-owned sources like vehicles and machinery. - Scope 2: Indirect emissions from purchased energy, such as electricity. - Scope 3: Indirect emissions from your entire value chain, including suppliers, transportation, and waste. Measuring all three scopes is essential for gaining complete insight into your emissions, developing effective reduction strategies, and demonstrating your commitment to sustainability.🌱 Dive deeper into the details and explore the challenges and solutions we've outlined in our latest blog.🌍 [Link to Blog: https://lnkd.in/gY3JYSZm ] Curious to learn more? Reach out to us at 981126365 or [email protected] to discover how your organization can reduce carbon emissions and become ESG compliant. #Sustainability #CarbonFootprint #ESG #Scope1 #Scope2 #Scope3 #EnvironmentalImpact #ProZeroCarbon

🌍💼 **Understanding Corporate Emissions: Scope 1, Scope 2, and Scope 3** 💡🌱 🚀 Let's dive deeper into the differences between these three types of emissions: 1️⃣ **Scope 1**: These emissions are direct and originate from within your company's operations, like the exhaust from factories or emissions from company vehicles. They're directly under your control because they occur within your organization's boundaries. 🏭🚗💡 2️⃣ **Scope 2**: These emissions stem from the energy your company consumes but doesn't produce itself, such as electricity purchased from a utility company. While they're indirect like Scope 3, they're associated with your energy consumption choices. ⚡🔥💼 3️⃣ **Scope 3**: Like Scope 2, these emissions are indirect, but they arise from broader business activities beyond your immediate operations. This includes emissions from your supply chain, employee commuting, and even product usage by customers. 🌐✈️🛒 🎯 **Difference**: While both Scope 2 and Scope 3 emissions are indirect, Scope 2 relates specifically to purchased energy consumption, whereas Scope 3 encompasses a wider range of indirect emissions from various business activities. Understanding these distinctions is crucial for developing effective sustainability strategies and reducing your environmental footprint! 🌟 #SustainabilityLeaders #ClimateAction #ESG #GRC #EHS

What are Scope 1, 2 and 3 greenhouse gas (GHG) emissions? Scope 1, 2, and 3 emissions are categories defined by the GHG Protocol to help businesses manage their carbon footprint: Scope 1: direct emissions from owned or controlled sources, such as company vehicles and production facilities. Scope 2: indirect emissions from the consumption of purchased electricity, steam, and heat. Scope 3: other indirect emissions not covered in Scope 2, including those from the supply chain, business travel, and product end-of-life. Scope 3 emissions are often the most significant part of a company’s total emissions, especially in industries like retail, technology, or manufacturing. Reducing all three scopes of emissions is essential for companies that want to achieve sustainability goals and net-zero emissions. Have more questions about ESG and sustainability? Explore our full FAQ to learn more: https://hubs.ly/Q02TXV3R0 #ESG #Sustainability

🌍 Establishing Baseline GHG Emissions: A Step-by-Step Guide 🌍 Understanding and managing greenhouse gas (GHG) emissions is crucial for any organization's sustainability journey. Here's a quick overview of the recommended methodology to establish baseline GHG emissions: 1. 𝐃𝐞𝐟𝐢𝐧𝐞 𝐨𝐫𝐠𝐚𝐧𝐢𝐬𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐛𝐨𝐮𝐧𝐝𝐚𝐫𝐲 🏢: Identify the entities, facilities, and activities under your control or influence. 2. 𝐃𝐞𝐟𝐢𝐧𝐞 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐛𝐨𝐮𝐧𝐝𝐚𝐫𝐲 🔄: Determine the scope of emissions to include, categorizing them into direct emissions, indirect emissions from energy consumption, and other indirect emissions. 3. 𝐒𝐞𝐥𝐞𝐜𝐭 𝐚 𝐛𝐚𝐬𝐞 𝐲𝐞𝐚𝐫 📅: Choose a representative year with verifiable data on GHG emissions. 4. 𝐈𝐝𝐞𝐧𝐭𝐢𝐟𝐲 𝐞𝐦𝐢𝐬𝐬𝐢𝐨𝐧 𝐬𝐨𝐮𝐫𝐜𝐞𝐬 🔍: Identify all relevant sources of GHG emissions within your defined boundaries, such as stationary sources, mobile sources, and process emissions. 5. 𝐃𝐞𝐭𝐞𝐫𝐦𝐢𝐧𝐞 𝐚 𝐪𝐮𝐚𝐧𝐭𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐚𝐩𝐩𝐫𝐨𝐚𝐜𝐡 ⚖️: Select appropriate methodologies and emission factors to accurately calculate emissions from each source. 6. 𝐂𝐨𝐥𝐥𝐞𝐜𝐭 𝐚𝐜𝐭𝐢𝐯𝐢𝐭𝐲 𝐝𝐚𝐭𝐚 𝐚𝐧𝐝 𝐞𝐦𝐢𝐬𝐬𝐢𝐨𝐧 📊: Gather data related to identified emission sources and calculate emissions using your chosen methodologies, ensuring accuracy and completeness. 7. 𝐄𝐬𝐭𝐚𝐛𝐥𝐢𝐬𝐡 𝐛𝐚𝐬𝐞𝐥𝐢𝐧𝐞 𝐆𝐇𝐆 𝐞𝐦𝐢𝐬𝐬𝐢𝐨𝐧𝐬 📈: Compile the quantified emissions data to create a comprehensive and verifiable baseline for future comparison and progress tracking. By following these steps, we can all contribute to a more sustainable future. 🌱 Greenhouse Gas Protocol (GHG Protocol) #Sustainability #GHGEmissions #ClimateAction #EnvironmentalImpact #SustainableBusiness #ESG #GreenInitiatives #NetZero #CarbonFootprint

#decarbonisation How do we deal with Scope 3? 🔸 According to the GHG (greenhouse gas) protocol, greenhouse gas emissions of a company are assigned to 𝘁𝗵𝗿𝗲𝗲 𝗦𝗰𝗼𝗽𝗲𝘀: 🔸 𝗦𝗰𝗼𝗽𝗲 𝟭 𝗿𝗲𝗳𝗲𝗿𝘀 𝘁𝗼 𝗮 𝗰𝗼𝗺𝗽𝗮𝗻𝘆'𝘀 𝗲𝗺𝗶𝘀𝘀𝗶𝗼𝗻𝘀 𝗱𝗶𝗿𝗲𝗰𝘁𝗹𝘆 𝘁𝗶𝗲𝗱 𝘁𝗼 𝘁𝗵𝗲 𝗰𝗼𝗺𝗽𝗮𝗻𝘆'𝘀 𝗼𝗽𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝘀 𝗼𝗻-𝘀𝗶𝘁𝗲, such as fossil fuel consumption for heating and own vehicle fleet. Cooling systems and refrigerants are considered as well. However, Scope 2 and Scope 3 refer to indirect emissions associated with the company's activities but originating from external sources. In fact, 𝗦𝗰𝗼𝗽𝗲 𝟮 𝗶𝗻𝗰𝗹𝘂𝗱𝗲𝘀 𝗮𝗹𝗹 𝗼𝗳 𝘁𝗵𝗲 𝗰𝗼𝗺𝗽𝗮𝗻𝘆'𝘀 𝗶𝗻𝗱𝗶𝗿𝗲𝗰𝘁 𝗲𝗺𝗶𝘀𝘀𝗶𝗼𝗻𝘀 from the consumption of electricity and district heating. 🔸 𝗦𝗰𝗼𝗽𝗲 𝟯 𝗶𝗻𝘀𝘁𝗲𝗮𝗱, 𝗶𝗻𝗰𝗹𝘂𝗱𝗲𝘀 𝗮𝗹𝗹 𝗶𝗻𝗱𝗶𝗿𝗲𝗰𝘁 𝗲𝗺𝗶𝘀𝘀𝗶𝗼𝗻𝘀 𝗳𝗿𝗼𝗺 𝗮 𝗰𝗼𝗺𝗽𝗮𝗻𝘆'𝘀 𝘃𝗮𝗹𝘂𝗲 𝗰𝗵𝗮𝗶𝗻, 𝗶𝗻𝗰𝗹𝘂𝗱𝗶𝗻𝗴 𝗯𝗼𝘁𝗵 𝘂𝗽𝘀𝘁𝗿𝗲𝗮𝗺 𝗮𝗻𝗱 𝗱𝗼𝘄𝗻𝘀𝘁𝗿𝗲𝗮𝗺 𝗮𝗰𝘁𝗶𝘃𝗶𝘁𝗶𝗲𝘀, such as employee travel, business trips, waste, water, paper, and printing, IT equipment and the use of their produced products. Gathering Scope 3 can be very complex and time-intensive because it often needs the involvement of partners in the value chain and therefore limited control in data collection (data types, sources, and quality). This often results in a greater demand for modeling emissions in the value chain. 🔸 Opt for data directly measurable or derived from primary sources like invoices or bills of sale. #terrainstitute 🌱 We therefore developed a method to guide you through this process by identifying the most significant categories of Scope 3 for your company. This allows you to focus on your resources and systematically examine the significant emissions within Scope 3." Get in touch with one of our decarbonization experts [[email protected]]. Want to know more? 💡 Here's the link to the previous posting on decarbonization: https://lnkd.in/duhru4S2 #ghgemissions #scope3

Understanding Emissions: Scope 1, 2, and 3 🌎 For organizations committed to reducing their environmental impact, addressing greenhouse gas emissions is a top priority. The initial step in this process is gaining a thorough understanding of the different types of emissions associated with their activities. This knowledge is crucial for formulating effective strategies to reduce these emissions. Scope 1️⃣ emissions include those that are directly produced from sources that an organization owns or controls. This includes emissions from facilities and vehicles that are directly operated by the organization. These emissions are typically the easiest to measure and manage, offering clear targets for reduction. Scope 2️⃣ emissions arise from the generation of purchased electricity, heat, and steam that an organization uses. Since these emissions can form a significant part of an organization's carbon footprint, shifting to renewable energy sources is an effective way to reduce them, aligning with broader environmental goals. Scope 3️⃣ emissions represent a more extensive category, covering all other indirect emissions that occur within an organization's value chain. This includes emissions related to business travel, employee commuting, purchased goods and services, and the disposal and treatment of sold products. Reducing Scope 3 emissions involves complex strategies that require coordination across the entire supply chain and innovative approaches to managing the lifecycle of products. 🙌 Organizations that comprehensively understand and actively manage these three scopes of emissions are better equipped to lead in sustainability, comply with regulations, and improve their reputation among stakeholders. Effective emission reporting and targeted reduction strategies are essential for meeting both regulatory demands and strategic business objectives in today’s environmentally aware market. By categorizing emissions into Scope 1, 2, and 3, organizations can more accurately identify areas for improvement and implement specific actions that result in substantial environmental benefits. 🔋 This was created as part of Voiz Academy’s collaborative bi-weekly series ‘Sustainability Simplified’ with Antonio Vizcaya Abdo. Follow for more! #Emissions #Scope1 #Scope2 #Scope3 #GHG #Decarbonization #Sustainability