Net-Zero Value Chains by 2050
Why Scope 3?
In most industries, Scope 3 emissions represent the largest source of a company’s carbon footprint, but also the hardest to manage.
With more clarity on how to account and report on impacts achieved up and down value chains, companies can set and meet more ambitious targets and gain recognition for this leadership, providing more incentives for action and investment.
How we make it work
The challenges of Scope 3 cannot be solved in silos. The Value Change Initiative is a multi-stakeholder forum where every partner has a voice in creating and challenging guidance, so that together we can solve practical challenges, find solutions and set the bar for meaningful Scope 3 action and investments at scale.
The Initiative works with four levels of engagements, all coming together in a governance framework to define strategic mandates, provide a guiding structure and ensure transparent and efficient management.
Lead the action and drive the strategic direction of the Value Change Initiative by providing inputs to operations and programme plans.
Drive Programme development, co-create guidance in new categories of Scope 3 emissions and unlock barriers in value chain emissions reduction.
Test the guidance in sector-specific context or at company level and provide feedback to ensure complexities of Scope 3 accounting on the ground are supported.
Explore specific topics and innovate through the labs to extend existing guidance or scope future guidance and system needs.
Originally launched as a programme by Gold Standard – together with WWF, WRI, CDP, Danone, Mars and support from EIT Climate KIC– the Value Change Initiative is now comprised of a broad network of partners who share a conviction that complex problems require collective action.
Ecosystem Services Market Consortium
Agoro Carbon Alliance
- American Forest Foundation
- Arbor Day Foundation
- Better Cotton Initiative
- Cool Farm Alliance
- Environmental Defense Fund
- Ethical Fashion Initiative
- Fairtrade International
- Field to Market
- First Climate
- Forest Stewardship Council International
- Marine Stewardship Council
- Nature United
- Roundtable on Sustainable Biomaterials
- Science Based Targets Initiative
- South Pole
- Textile Exchange
- The Nature Conservancy
- VF Corporation
- Viresco Solutions
- World Resources Institute