Decarbon Daily - Issue for August 16, 2021

According to CDP 2020 2020 Global Supply Chain Report, supply chain emissions are (on average) 11.4 times higher than operational emissions. Organizations' supply chains often account for more than 90% percent of their total greenhouse gas (GHG) emissions.

While most industries are focused on operational emissions (scope 1 and 2), there is a real opportunity to gain clarity on the supply chain. The costs and environmental impact of a company's suppliers is often unknown or at best not understood. Startups and established companies are beginning to tackle this to create a carbon ledger, estimate emissions, and create environmental scores based on assets.

The scope 3 emissions for one organization are the scope 1 and 2 emissions of another organization. By thinking across the value chain, companies will reduce their total emissions by working closely with suppliers and vendors.

At your company, who are the leading vendors and suppliers? Would your team make supplier decisions based on the environmental impact?

Today, most companies are at the beginning of this journey to understand their scope 1 emissions. Scope 3 studies are coming rapidly and leading companies are evaluating vendors to assess their own Scope 3 emissions.

Inside this Issue

👩‍💻 The Carbon Estimation Platform - An API for Emissions
🌎 2.5 Tips for Calculating Emissions From an Engine
💰 44.01 Secures $5M to Turn Billions of Tons of Carbon Dioxide to Stone
🏢 This Startup Uses the Cooling Towers on Buildings as Carbon Capture Devices
💸 Climate Crisis Drives Impact Investing
☁️ Carbon Capture Tech Becoming Cost-effective as Emissions Price Soars