Our Scope 3 inventory results are the backbone that informed our future footprint work. In 2010 Kraft Foods participated in the GHG Protocol Corporate Value Chain (Scope 3) Standard ‘road test’. Our work with the GHG Protocol was instrumental in guiding our first efforts towards environmental footprinting. Jeff Rice, Director Sustainability Walmart, Co-leading the Consumer Goods Forum work CGF represents more than 400 members in the Consumer Goods Sector with annual sales of more than $3 trillion.
We believe that by adopting the same standards, we can move ahead faster with confidence to tackle product emissions. What business leaders have said about the Scope 3 Standard Minor corrections to the Scope 3 Standard are recorded below. Released in 2011, the Scope 3 Standard is the only internationally accepted method for companies to account for these types of value chain emissions. Users of the standard can now account for emissions from 15 categories of Scope 3 activities, both upstream and downstream of their operations. The Scope 3 framework also supports strategies to partner with suppliers and customers to address climate impacts throughout the value chain. Until recently, most companies have focused on measuring emissions from their own operations and electricity consumption. But what about all of the emissions a company is responsible for outside of its own walls-from the goods it purchases to the disposal of the products it sells? In fact, the majority of total corporate emissions come from Scope 3 sources, which means many companies have been missing out on significant opportunities for improvement. It is accompanied by a suite of user-friendly guidance and tools developed by the GHG Protocol to make Scope 3 accounting more easy and accessible. The Scope 3 Standard provides a methodology that can be used to account for and report emissions from companies of all sectors, globally.
2,300 participants were involved from 55 countries.
The Corporate Value Chain (Scope 3) Standard has been created through a broad, inclusive, multi-stakeholder process.