This website uses cookies. By using this website, you agree to our Cookie Policy.
CDP Reports Limited Progress on Scope 3 Nature-Related Disclosure
March 28, 2023According to a recent report published by global non-profit environmental disclosure platform CDP, approximately 41% of responding companies are reporting on one or more categories of supply chain emissions, even though such emissions on average are 11.4 times higher than operational emissions. The reasons for this disparity vary, but include “limited data transparency and traceability across the value chain;” low quality data; limited influence over Scope 3 categories; and evolving regulatory regimes. The Report also observes that relatively few companies have adopted Scope 3 targets (15% of new or in-progress targets) and only 5% have targets based on the Science Based Targets initiative, while over 60% do not engage their supply chain on climate-related issues.
