What is Scope 3? What do manufacturers need to be ready? and how can HUB360 help organisation’s make real impact?
Scope 3 refers to the indirect greenhouse gas (GHG) emissions that occur in a company's value chain, beyond its direct operations. It includes emissions from the transportation and distribution of goods. Manufacturers, being a key part of supply chains, need to be prepared for Scope 3 emissions by:
1. Measurement and Reporting
Manufacturers are required to establish systems to measure, track, and report their Scope 3 emissions. This involves collecting data from various sources in their value chain and using standardised methodologies to calculate emissions. Accurate measurement and transparent reporting are crucial for understanding the impact and identifying improvement opportunities. The HUB360 Platform can provide these valuable data insights to measure and report on Scope 3 Emissions.
2. Supply Chain Optimisation & Stakeholder Engagement
Manufacturers are under serious pressure to engage with suppliers and other stakeholders in the delivery process on emission reduction strategies.
HUB360 can facilitate this process by not only optimising the delivery process within an organisation but by also connecting manufacturers with 3rd party Hauliers ( 3pls) as HUB360 provides a platform for collaboration throughout the delivery process. HUB360 can serve as a hub for information exchange, allowing manufacturers to measure Hauliers working for them within an agreed sustainable framework.
3. Emission Reduction Strategies
HUB360 can offer resources , guidance, and tools( optimisation and automation throughout the delivery process) to help manufacturers develop and implement emission reduction strategies. HUB360 can facilitate data gathering and knowledge sharing to enable manufacturers to adopt best practices and implement KPIS to reduce Scope 3 emissions effectively.
4. Collaboration Opportunities tools
HUB360 can provide critical information to enable collaboration among their clients and their client customers, as well as 3pls and hauliers to enable the sharing of delivery processing data, experiences,challenges, and success stories in Scope 3 emissions reduction.
This collaboration can lead to innovative solutions and the identification and agreement of implementing delivery processes and services that create significant emission reductions. HUB360 has played a significant and vital role in supporting manufacturers in their efforts to reduce Scope 3 emissions.
Scope 3 emissions are an ongoing consideration for manufacturers as they represent a significant portion of a company's total carbon footprint and of course because they participate either directly or indirectly in one of the biggest causes of greenhouse gas emissions today i.e. the transportation of Goods.
HUB360 offers comprehensive visibility and transparency into each stage of the delivery process. This allows manufacturers to identify emission hotspots, inefficiencies, and areas for improvement. With complete oversight, manufacturers can implement targeted measures to enhance operational efficiency, reduce emissions, and achieve cost savings.
By utilising HUB360, manufacturers can effectively address their ongoing Scope 3 requirements. The platform empowers organisations to optimise their delivery processes, collaborate with sustainable suppliers, and gain full visibility into their value chain. This enables manufacturers to proactively manage and reduce their Scope 3 emissions, align with stakeholder expectations, comply with regulations, and drive sustainable growth.