Transport-related emissions are the fastest-growing source of CO2 emissions and already account for a quarter of global emissions. Addressing emissions is critical for the decarbonization of this sector, but uncertainties around how to achieve (science-based) targets or which impacts can credibly be quantified, allocated, and claimed towards them remain high.
Those who have committed to reducing transport-related emissions are still facing significant barriers:
- Large capital investments are needed to reduce, remove or replace traditional fuels.
- Lack of consensus and guidance on how to account, allocate and make claims
- Lack of clarity with emerging and overlapping reporting frameworks, market mechanisms, and incentives
The solution will lie in solving and addressing the numerous challenges and barriers in transport-related Scope 3 reporting and accounting. This will allow companies to accurately and consistently quantify, allocate and claim impacts, and organizations to be recognized for the ‘shared value’, created by joint investments into transport-related interventions. The above solutions will eventually enable companies to set more ambitious targets, unlock Scope 3 action and accelerate the de-carbonization of the Transport sector.
Calling on the thought leadership, shared ambition, and collective expertise of strategic partners, the intended outcome of the Transport Programme is an open-source accounting Guidance and related concepts covering Scope 3, Category 9 – Transport and Distribution – that companies will be able to use to:
- Validate climate impact quantification methodologies and reporting protocols for a range of transport-related interventions.
- Credibly integrate achieved climate impacts back towards inventories and (Science-based) targets of logistics service providers, sites, and buyers.
- Generate quantified and verified impact data, in line with key reporting frameworks and best practices.
- Develop market-based accounting approaches that allow for the allocation and transfer of claims along the value chain, in line with conditions and principles that will be accepted by the Greenhouse Gas Protocol and Science-based Targets.
Approach & timeline
Programmes are pre-competitive spaces where ambitious organization come to co-create best practice Guidance documents. They foster interaction and collaboration, providing participants with an opportunity to learn from one another while leading the way in corporate climate action.
Programmes usually run in two phases over a 21 months timeline. The first phase (10 months) is dedicated to bringing Strategic Partners together to develop the Programme and publish a draft guidance. The second phase (11 months) is dedicated to testing the guidance through sector-specific working groups and/or pilot interventions to ensure applicability in the field. Feedback is integrated in the guidance for final publication.
Launching a Programme requires a minimum threshold of funding that can be secured from one or several Strategic Partners.
Strategic Partners sit on a Programme Committee to drive the development of the Programme, oversee the scope of work, and help crowd in additional participants for testing. Benefits also include participation in 1 working group per year and access to the Value Change Initiative’s platform, updates, webinars, and cross-sector labs.
See governance framework for an overview of the Value Change Initiative and Programme-related governance.Participate