A recent report reveals that many European businesses are struggling with Scope 3 emissions, which include indirect emissions from their supply chain. With increasing pressure from regulations and business customers, firms are reporting emissions but lack confidence in their data's accuracy. The report indicates that a significant number of businesses might forego accurate reporting entirely due to convenience over compliance. As accountability grows, companies are increasingly unwilling to engage suppliers who can't provide reliable emissions data, showcasing an emerging trend towards greater environmental responsibility despite the challenges involved.
Half of European businesses fear they'll lose customers if they come clean about their greenhouse gas emissions, indicating a resistance to transparency around environmental impact.
Nearly eight in ten respondents are already undertaking Scope 3 reporting, but only 66 percent are confident in the accuracy of emissions numbers from their IT systems.
Businesses are starting to hold suppliers accountable for accurate emissions data, with one in two unwilling to buy from vendors unable to guarantee this.
Scope 3 emissions present a significant challenge, as illustrated by Microsoft’s 30 percent increase in carbon dioxide emissions since 2020 despite a goal for carbon negativity by 2030.
#scope-3-emissions #business-accountability #carbon-reporting #environmental-regulations #corporate-transparency
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