The Carbon Trust and CRedit360's new commercial collaboration will provide a series of software solutions designed to enable companies to cost effectively manage value chain carbon emissions. For the first time a carbon management system will be available that goes beyond measurement and provides in-built capability to calculate, interpret and make recommendations on carbon reduction activities.
Typically carbon footprinting only includes direct and indirect operational emissions, known as Scope 1 and 2 emissions under the Kyoto Greenhouse Gas Protocol. Value chain footprinting also includes Scope 3 emissions, which represent the full lifecycle, from both suppliers and consumers, including all use and end of life emissions.
Based on the Carbon Trust's decade of experience of footprinting thousands of businesses and products there is clear evidence that having a robust carbon management strategy across a corporate value chain can deliver significant rewards.
- improved brand equity
- cost reduction
- revenue enhancement
- risk mitigation.
However, accurately measuring value chain emissions presents unique challenges and can be complex and time consuming. By bringing together the Carbon Trust's extensive footprinting experience with CRedit360's award-winning sustainability software expertise these challenges can now be overcome to maximise the business benefits of managing a value chain.
The first product developed and available now through the collaboration is the 'Value Chain Hot-Spotter', which has been designed to enable companies to quickly estimate carbon intensive areas of their value chain. The tool covers seven Scope 3 categories using easily accessible company data.
Read the full press release: Carbon Trust and CRedit360 Partner to Deliver "Game-Changing" Value Chain Carbon Management Software.