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...
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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...
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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...
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3 challenges for a Net Zero Apparel & Footwear sector and how to address them
Apparel and Footwear companies are responsible for 3-8% of total greenhouse gas emissions. Much of this takes place in the value chains, such as in raw material production or weaving, otherwise known as Scope 3 emissions. Reducing these emissions to...
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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...
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Key insights from the VCI Food and Agriculture Technical Guidance
In 2023, the Value Change Initiative (VCI) published a new Technical Guidance titled Achieving Net Zero Through Value Chain Mitigation Interventions: Exploring Accounting, Monitoring & Assurance in Food and Agriculture. This guidance is the output from the 3rd Food &...
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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...
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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”...
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Achieving Net Zero Fashion: VCI Launches inaugural Apparel & Footwear Working Group
Bringing climate and apparel experts together to create & share best practices to deliver on Scope 3 commitments and meet ambitious climate targets. The Value Change Initiative is pleased to announce it launched its Apparel & Footwear Working Group yesterday....
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VCI Upcoming events
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Achieving net zero fashion: 3 takeaways from our latest Apparel Roundtable
The apparel sector is large and rapidly growing. Estimates show it is responsible for 1.025 gigatons CO2 emissions per year – those numbers are expected to at least double by 2030 – with the lion’s share coming from upstream activities...
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Value Change: The 2022 Food & Agriculture Working Group under way
The Value Change Initiative’s (VCI) Food & Agriculture Working Group, in its third iteration, is driving forward with co-creation of credible Scope 3 accounting and reporting in the context of agricultural value chains. Launched in January, the working group brings...
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Four Key Takeaways from VCI Summit
The November 17 Value Change Initiative Summit was more than just a celebratory launch event, it was a moment to learn and discuss the ‘how’ to making net-zero value chains possible. From civil society to ambitious corporates, the Value Change...
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Press Release – Value Change Initiative Launches to Enable Businesses to Achieve Net Zero Value Chains
New ‘Value Change Initiative’ brings together 60 partners including some of the world’s largest corporations and civil society organizations to make Scope 3 carbon emissions easier to measure and reductions easier to incentivize. By providing clarity and confidence in claims...
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Press Release – Sustainability Standards Join Forces to Scale Climate Impact
Sustainability standards join forces to scale climate impact. For the first time standards including Better Cotton Initiative, Fairtrade, FSC, and the Roundtable on Sustainable Biomaterials will be able to quantify carbon emission reductions in their certified commodities in a way that corporate purchasers can count...
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Introducing the 2021 Value Change Labs
The 2021 Value Change Labs: explore, innovate, address Scope 3 accounting challenges On March 31st, participants representing over 18 companies across different sectors – including Danone, Mars, PepsiCo, VF Corporation – kicked off the first of a two-lab stream for...
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Scope 3 Reductions Key for Credible Net Zero Strategies
A new swell of Net Zero commitments has, unsurprisingly, been swiftly followed by questions around greenwashing. These are based on three key criticisms: Lack of details on the plan to get to long-term targetsLack of near-term actions and accountabilityLack of value...
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