Climate policy in the EU has so far lacked a holistic view on how supply chain emissions are addressed and accounted for. In the EU, the main legislation which currently governs its climate ambition and corporate compliance are focused on Scope 1 emissions, and to some extent on Scope 2 emissions. At the same time, companies are facing growing pressure from asset owners, employees, lawmakers and activists to reduce emissions across their entire value-chain (Scope 1 to 3).
The EU Climate Law as well as the intermediate targets such as the 2030 one currently under discussion, make it increasingly clear to corporations that all emissions will need to tend to zero in the longer term, and that all emissions will eventually be regulated. The opportunity space for voluntary commitments will, in other words, at some point have to disappear in a net zero world.
In light of this, ERCST has embarked on an exploration of the main issues and options regarding how to identify and measure these emissions, and what role they should play in the transition to a low-carbon future. This meeting builds on two previously organized workshops with stakeholders on 26 January and 7 December, which brought together key actors from different industry sectors who are concerned with tackling Scope 3 emissions from their business activities.
During this meeting, ERCST will present an outline summarizing the focus of ERCST’s work regarding the main issues and options for addressing supply chain emissions in climate policy. This will be followed by two case study presentations from stakeholders on the potential of value chain emissions reductions, after which ERCST will moderate a discussion with other attendees.

This meeting is under Chatham House Rules

Participation to this event is by invitation only. If you wish to participate, please contact Marina at mmonciatti@ercst.org

Workshop Material(s)
Agenda
ERCST Presentation
Concawe Case Study
WEF BCG Presentation

Upcoming Events

• A Vision for the future of EU Carbon Market Governance (COP31)

  November 9 @ 17:00 - 18:00

• Advancing Paris Agreement Implementation through Renewable Energy, Nuclear Energy and Carbon Markets (COP31)

  November 12 @ 13:00 - 14:00

• IMO: Approaches to ship decarbonization (COP31)

  November 14 @ 16:00 - 16:45

• The State of the EU CBAM: What makes CBAM a success? (COP31)

  November 19 @ 16:00 - 16:45

• Corporate Sustainability Due Diligence: Ensuring Efficiency and Legal Certainty

  November 26 @ 14:00 - 16:00

Past Events

• Launch Event : Review of the EU ETS – Free allocation investment conditionality

  November 4 @ 15:00 - 17:00

• State of EU ETS – Kick Off with Advisors Groups and Partners

  November 4 @ 10:00 - 12:00

• Expert Consultation: Integration of Carbon Removals into the EU ETS

  October 29 @ 10:00 - 11:30