First define requirements within your value chain.
The new SBTi target path for SMEs has less intensive requirements for Scope 3 emissions. A commitment to reducing emissions from the value chain is still highly relevant, and it is worth working with suppliers and taking action to reduce their carbon footprint.
However, setting quantified targets to reduce Scope 3 emissions and monitoring progress can require extensive data collection and analysis, which is often beyond the resources of smaller companies. You may, therefore, start by making sure you have a sustainable procurement policy. Then a qualitative approach, such as Tier 1 supplier audits, may be advisable. Think simple to take action with your suppliers, exhaustiveness is not the goal.
Only 50% of companies
require their suppliers to adopt sustainable business practices
(Eurocham Singapore - 2020)
- How to write a sustainable procurement policy, by The Matcha Initiative
- Unlock the power of your supply chain, by CDP
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