Make Scope 3 action count

The Value Change Initiative brings together leading companies and experts to turn complex Scope 3 questions into practical guidance.

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A collaborative initiative for Scope 3 action

The Value Change Initiative (VCI) is a platform for companies, NGOs, and technical experts to work through how GHG accounting standards apply to value chain interventions.

Through structured programs, participants:

Review how standards apply to defined use cases
Work through real company examples and data
Compare accounting and reporting approaches
Document areas of alignment, divergence, and open questions

The outcomes form the basis of VCI guidance for Scope 3 accounting and reporting.

Join the MBI Program

The Market-Based Instruments (MBI) Program explores how companies can use instruments such as environmental certificates and carbon credits to support value chain decarbonization, and how to reflect them in Scope 3 inventories.

Participants work through key questions:

When can MBIs be counted toward Scope 3 targets?
How should results be reported and disclosed?
What conditions are needed for credible use?

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The challenge with Scope 3 action

Companies have set ambitious Scope 3 targets. But applying GHG accounting standards to real-world interventions remains complex.

Complex value chains
Limited traceability and lack of sector-specific guidance make implementation difficult

Lack of collaboration
Scaling interventions requires coordination across value chain partners

Unclear reporting
There is no consistent approach to reflect intervention outcomes in GHG inventories and disclosures

Without practical guidance, companies struggle to turn ambition into credible action.

Scope 3 guidance

VCI develops guidance grounded in real-world application. Participants contribute to resolving key accounting questions by working on concrete use cases alongside peers and experts. This allows companies to:

Help shape how emerging accounting questions are addressed
Ensure guidance reflects operational realities
Apply approaches tested and discussed with peers

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A collaborative effort to scale Scope 3 action

VCI brings together leading companies, civil society organizations, and technical experts to solve practical challenges in value chain decarbonization. Together, they co-create guidance, tools, and approaches to enable credible action at scale.