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According to GHGProtocol.org more than 60% of carbon footprint calculation of your business is dependent on your vendor CO2 equivalent emission data.
As ESG reporting requirements are becoming part of regulations, it is important for businesses to be able to accurately assess their business carbon footprint.
Carbon footprint can be calculated from three sources.
1.Scope 1 - Direct greenhouse (GHG) emissions that occur from sources that are controlled or owned by an organization (e.g., emissions associated with fuel combustion in boilers, furnaces, own vehicles)
2.Scope 2 - Indirect GHG emissions associated with the purchase of electricity, steam, heat, or cooling.
3.Scope 3 - The result of activities from assets not owned or controlled by the reporting organization, but that the organization indirectly affects in its value chain. An organization's value chain consists of both its upstream and downstream activities. So your vendor’s emission is also your emission.
Getting your vendors to compute and report their C02 Equivalent Emissions is a challenging task
We, at ESGKpo can work with you on the following.
Vendor awareness building and training
Set up an ESG Score card for your vendors.
Train your vendors on how to compute their CO2 equivalent emissions related to products and services that they provide to you (which in turn becomes your Carbon Footprint)
Compile data from your vendors to compute their CO2 emissions.
Match records with reported data (audit and check)
Consolidate information from multiple vendors to assist your business in compiling its CO2 emissions for reporting purposes.
If you would like to embark on this journey early to be able to be future ready for reporting and compliance, please do contact ESGKpo for more details.
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