Role of Supply Chain Emissions in decarbonization and compliance
March 16 @ 3:00 pm - 5:00 pm
This meeting is under Chatham House Rules
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.