VCI on the use of Environmental Attribute Certificates for Scope 3
In early April, the Science Based Target initiative (SBTi) Board of Trustees released a statement on the use of environmental attribute certificates (EACs) for Scope 3. Reaction was generally mixed across the industry, with some welcoming it as a way...
Read more
The first Value Chain Intervention Guidance for the Apparel and Footwear sector
The Value Change Initiative has just published the first Apparel & Footwear Value Chain Intervention Guidance. This sector-specific addendum to the VCI Guidance 1.1 (2021) provides a common reference for credible implementation, accounting, reporting, and claiming of Interventions. It builds...
Read more
VCI launches the third Apparel and Footwear Working Group for a Net Zero fashion industry
The apparel sector is a $1.5 trillion-dollar industry and expected to continue growing in the coming years. Meanwhile, apparel production is responsible for up to 8% of global carbon emissions, with raw materials constituting as much as two-thirds of an apparel...
Read more
How is the Value Change Initiative contributing to a Net Zero value chain?
Companies need to reach Net Zero by 2050 to remain on a 1.5°C pathway and help alleviate the worst impacts of climate change. Scope 3 emissions are a material part of reaching these targets because depending on the industry, they...
Read more
Value Change Initiative launches its 4th Food and Agriculture Working Group – Aiming for Net Zero value chains
Bringing leading agricultural companies and experts together to create & share best practices to deliver on Scope 3 commitments and meet Science Based Targets The Value Change Initiative is pleased to announce it launched its 4th Food & Agriculture Working...
Read more
-
The first Value Chain Intervention Guidance for the Apparel and Footwear sector
The Value Change Initiative has just published the first Apparel & Footwear Value Chain Intervention Guidance. This sector-specific addendum to the VCI Guidance 1.1 (2021) provides a common reference for credible implementation, accounting, reporting, and claiming of Interventions. It builds...
Read more
-
A new Food & Agriculture Working Group to address sector-specific challenges for Scope 3 accounting
The Food and Agriculture sector is crucial for global nutrition but also a major contributor (30% in 2018) to greenhouse gas emissions. To meet the 1.5°C target, urgent emissions reductions are needed, yet the top 7 global food companies saw...
Read more
-
VCI launches system of systems for Scope 3 action
On July 19th, Value Change Initiative (VCI) launched its vision for credibly accounting, claiming and reporting Scope 3 emissions. The publication entitled “Making value chain decarbonisation a scalable reality: Role of Scope 3 systems in enabling collective action and co-investments”...
Read more