Making value chain decarbonisation a scalable reality: Role of Scope 3 systems in enabling collective action and co-investment

This document presents the output of the Systems Lab organised by the Value Change Initiative (VCI) in 2022. Thirty-one organisations across diverse sectors discussed and explored the key concepts to underpin a “system of systems” that would allow effective value chain accounting.

The “system of systems” outlined in this output includes three interlinked systems – an Impact Verification System, a Tracking System, and a Trading/Transfer System, as well as Registry for information. Together, they create an enabling ecosystem that allows value chain actors to collaborate and co-finance their climate change mitigation actions with the right level of transparency and reliability of data.