Business goals served by a scope 3 GHG inventory

Identify and understand risks and opportunities associated with value chain emissions

• Identify GHG-related risks in the value chain
• Identify new market opportunities
• Inform investment and procurement decisions

Identify GHG reduction opportunities, set reduction targets, and track performance

• Identify GHG “hot spots” and prioritize reduction efforts across the value chain
• Set scope 3 GHG reduction targets
• Quantify and report GHG performance over time

Engage value chain partners in GHG management

• Partner with suppliers, customers, and other companies in the value chain to achieve GHG reductions
• Expand GHG accountability, transparency, and management in the value chain
• Enable greater transparency on companies’ efforts to engage suppliers
• Reduce energy use, costs, and risks in the value chain and avoid future costs related to energy and emissions
• Reduce costs through improved value chain efficiency and reduction of material, resource, and energy use

Enhance stakeholder information and corporate reputation through public reporting

• Improve corporate reputation and accountability through public disclosure
• Meet needs of stakeholders (e.g., investors, customers, civil society, governments), enhance stakeholder reputation, and improve stakeholder relationships through public disclosure of GHG emissions, progress toward GHG targets, and demonstration of environmental stewardship
• Participate in government- and NGO-led GHG reporting and management programs to disclose GHG-related information