Scope 3 Reductions: Standardization And Supply Chain Collaborations Enable Assurance And Scale
As public attention to climate change grows, consumer packaged goods companies (CPGs) in food and beverage have started to lead public-facing climate action campaigns. Following the guidance of the Science Based Targets Initiative (SBTi), an international non-governmental organization that publishes best practices for greenhouse gas (GHG) emissions disclosures, many corporations have established net zero emissions targets by 2050 or earlier. For most CPGs, however, a large portion of emissions footprints are in the supply chain, outside of CPG’s direct control. For example, in 2022, PepsiCo reported that 93% of its emissions footprint was in its supply chain.