How to account and report on value chain climate impacts
Resources developed under the different Value Change Initiative workstreams provide clarity on how to account and report on Scope 3 emission reductions towards performance targets.
Co-created and tested to ensure they support the complexities of Scope 3 accounting on the ground, Guidance documents and tools enable corporates to credibly quantify, verify, allocate and claim impacts in line with best-practice accounting and reporting frameworks such as the GHG Protocol and Science-Based Targets.
Be part of the change
We plan to develop further guidance and tools for priority sectors, including transport and Pulp & Paper. The focus and scope of Value Change activities is based on member’s interest. Click below to find out more about Value Change workstreams and how to get involved.
Get involved
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Achieving Net Zero Through Value Chain Mitigation Interventions: Exploring Accounting, Monitoring & Assurance in Food and Agriculture
Introduced as an addendum to the Value Change Intervention Guidance 1.1, this document is an in-depth technical extension which aims to provide food and agricultural companies with operational, sector-specific solutions to account for an Intervention, report impact up and down their value chains, and show progress towards their climate commitments or science-based targets.
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Value Chain Interventions Guidance: Ensuring Intervention Level Emission Reductions Are Recognised by Accounting Protocols
The Value Chain Interventions Guidance enables credible reporting for actions that reduce emissions and contribute toward performance targets, in line with common accounting frameworks such as the GHG Protocol.
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Accounting & Reporting the Emissions of Certified Commodities
This Guidance provides sustainability systems with approaches to align their commodity certification with greenhouse gas emission reporting good practices.
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Guidance for Soil Organic Carbon (SOC)
Demonstrates how to quantify carbon sequestered in soil and is aimed at companies with Scope 3 reduction targets that seek to account for interventions that impact total net Soil Organic Carbon (SOC) associated with purchased goods & services.
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Value Change in the Value Chain: Best Practices in Scope 3 Greenhouse Gas Management
To support companies committed to addressing the climate impact of their value chains, this guidance document summarizes the latest best practices in reducing scope 3 GHG emissions by describing different emissions reduction levers companies can employ.
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Scope 3 and COP 27: takeaways and next steps – November 2022 – Recording
With COP27 comes a growing recognition that the time for accelerating climate action is now, building on the ambitions set, and implementing pathways to a low carbon future. Many businesses are leading the way, with over one fifth of the world’s largest publicly-listed companies having already pledged Net-Zero commitments by 2050, and making critical steps towards meeting these targets. Scope 3 sources represent on average 75% of an organization’s carbon footprint, making action in Scope 3 vital to meet these ambitions and a Net-Zero world. In many cases Scope 3 emissions are also the most difficult to measure, track and manage; requiring new innovations, partnerships and solutions to tackle these complex challenges. In this one-hour webinar, the Value Change Initiative brings together leading experts and organizations to share reflections on COP27 through the lens of Scope 3 action.
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Net Zero Value Chains: from commitment to credible reporting – September 2022 – Recording
In the transition towards a climate resilient society, bolder commitments, scaled actions and accurate business reporting are key for success. With over 1100 companies committed to reaching net-zero GHG emissions by 2050, answering questions on how Scope 3 or value chain emissions reductions can be achieved and credibly reported is an absolute priority. Join us, together with leading experts and companies, to learn and explore how we can move from ambition to action, drive transparent and reliable Scope 3 data, and achieve Net Zero Value Chains.
Streamed on 21st September 2022 as part of the Value Change Initiative open event at Climate Week NYC.
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Valuing Low Carbon Commodities – June 2022 – Recording
This one-hour webinar launched “Accounting + Reporting the Climate Impact of Certified Commodities” Guidance, which establishes the foundation for realizing added value for low-carbon commodities.
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VCI Summit: Making Net-Zero Value Chains Possible – November 2021 – Recording
Making net-zero value chains possible was a free global conference bringing together climate world pioneers and forward-thinking leaders, at forefront of value chain decarbonization, coming together to inspire and challenge each other, identify barriers and find solutions to unlock Scope 3 impact at scale and accelerate local and global action to achieve net zero value chains.
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