We collectively innovate to define Best Practice
The Value Change Initiative provides different opportunities for companies to engage – these are all collaborative spaces for members to discuss, learn and share experiences from the field.
Programmes
Our programmes build on existing best-practice guidance on how to account for emissions in specific Scope 3 categories.
Working Groups
Our working groups provide capacity building and feedback on the applicability of guidance documents to ensure it supports realities from the field and considers sector-specific challenges identified.
Pilots
Our pilots test the application of guidance at an intervention level to quantify, verify, certify and/or allocate impacts. They lay the foundation for scalable verification approaches and provide best-practice case studies.
Labs
Our labs explore specific challenges, for example, recent labs have unpacked Scope 3 accounting and questions around what claims can be credibly made.
Upcoming workstreams
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Transport Programme
Transport-related emissions account for a quarter of global CO2 emissions and are the fastest growing source of greenhouse gases, making it critical for the sector to accelerate decarbonization efforts in line with 1.5C° pathways.
The transport programme aims at identifying and removing barriers to address and account for Scope 3 GHG transport-related emissions at scale. -
Apparel & Footwear Working Group
The Apparel & Footwear sector is responsible for 1.025 gigatons of CO2eq every year and could be responsible for up to 8% of the global CO2eq emissions. Action needs to be catalyzed and scaled to ensure the sector transitions towards Net Zero.
In 2023, the Value Change Initiative is hosting an Apparel & Footwear Working Group to remove barriers to address and account for Scope 3 emissions in the context of Apparel & Footwear supply chains.
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Pulp & Paper Working Group
Research shows that by 2050 the consumption of paper will double. With the pressure to substitute plastic for paper, this number could grow even higher. While more than 20 companies already publicly committed to set emissions reduction targets through the Science Based Targets initiative (SBTi), determining how to take direct action has been complicated by a number of barriers.
This Working Group is designed to test the applicability of the Value Change Guidance documents and concepts in the context of Pulp & Paper value chains -
Pilots
Pilots provide opportunities for companies to test application of the Guidance at an intervention-level. Their objective is to deliver verified/certified GHG reductions and removals from interventions (against Guidance and/or Gold Standard for the Global Goals), test how impacts can be allocated toward performance targets (SBTs) or narrative claims (Net-Zero) and provide best-practice case studies
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Claims Lab
Carbon Neutral, Climate Neutral, Net Zero, Climate Positive: How do we identify when double counting or double claiming poses a real threat to environmental integrity, or when this represents appropriate attribution and benefit-sharing? Claims Labs are establishing guiding principles and conditions of an integrated claims framework.
Claims Labs are collaborative spaces where Value Change Initiative members come together to discuss and address key topics related to Claims. Building on key insights, discussions, and case studies shared by members or experts, Lab participants co-create new addendum or define innovating elements building on the Value Change Guidance.
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Accounting Lab
Can disparate value chain actors collectively invest in Scope 3 emission reductions at scale and credibly account for the impact achieved? What about monetisation of impact through carbon credits or other instruments? The Accounting Labs are defining the conditions and principles for a Scope 3 market-based accounting approach.
Ongoing workstreams
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ISEAL Innovations Fund Programme
Low-carbon commodities: ISEAL standards collaboration to verify lower emissions factors for purchased goods & services.
Can we make it easier for corporates to report on the positive climate impacts of the use of certified, sustainably produced products? ISEAL standards are collaborating to define common practices to quantify carbon emission reductions in their certified commodities in a way that corporate purchasers can report against their Science Based Targets or other climate performance objectives.
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Food & Agriculture Working Group
The Food & Agriculture Working Group will help test application of the Value Change Guidance documents while providing opportunities for participants to collaboratively implement interventions in shared value chains and/or prepare for pilot verification and certification trajectories on the ground.
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Systems Lab
Vast databases and systems for gathering value chain emissions data and measuring impacts on the ground are available. But what of tracking and allocation systems? What systems do we need to create to reflect market-based approach and claims’ definitions and principles? The Systems Lab's sessions offer a deep dive on technology and implementation, and seek to provide prescriptions for developing general systems that can help companies overcome such data challenges.
Completed workstreams
Purchased Goods & Services Programme
This group co-founded and ran the first Programme, developing the guidance’s first iteration and ensuring value chain interventions are recognized and included in reporting towards performance targets.
Output
Emission Factor Tracking System Lab
In this lab, participants discussed and created the basic requirements and features required to prototype an Impact Factor Tracking Mechanism.
Output
Double Counting Lab
Participants deep dived on double counting, informing the Value Chain guidance’s position and recommendations on the topic.
Output
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