Value chains are the key to reducing Scope 3 greenhouse gas emissions, which can account for more than 90 percent of an enterprise’s carbon footprint. Given that most Scope 3 emissions occur within the supply chain, addressing supply chain emissions through the implementation of comprehensive reduction goals is the paramount way in which enterprises see significant improvement in their total environmental impact.

With expanded regulatory compliance and mounting pressures from key stakeholders, companies are realizing they must be both transparent and passionate about sustainability efforts. This includes Scope 3 emissions. As a result, top companies and institutions are committed to validating measured ESG reporting and non-financial performance disclosures to provide stakeholders and investors with documented performance and financial-grade insights to make more holistic and sustainable decisions.

They are also tapping the potential of emerging technologies and data, broadening C-suite involvement and responsibility, and collaborating with ecosystems and value chain partners. These trailblazers are reaping the rewards of their investments. Between 2018 and the first half of 2021, these enterprises achieved an estimated cumulative revenue growth of 51 percent, a difference of nine percentage points over their next best performing peers.¹