A typical business with a net-zero target has committed to reduce Scope 3 greenhouse gas emissions by 30%. Today, the main way companies reduce supplier emissions tends to come:
Supplier engagement: direct engagement will suppliers to encourage them to reduce their own operational emissions has many benefits for both businesses. However, this is a multi-year process and with all suppliers serving multiple clients, is not always easy.
Purchase carbon offsets: purchasing offsets generate an immediate impact and reduce the need for near-term emission reductions by suppliers. However, carbon offset projects are not directly linked to the business or their value chain. And since they are a long-term operational expense may be subject to price increases and annual budgetary pressures.

Corporations are now increasingly exploring the direct reduction in scope 3 emissions via carbon insetting to meet net zero goals.

Put simply, carbon insetting is the reduction of emissions directly within the value chain. This directly reduces a company’s scope 3 emissions while also improving the operational performance of participating supply partners.

Defining and implementing a sustainability strategy requires change across the entire organisation and value chain. It’s an all-hands-on-deck exercise – often more complex than anticipated.

At Bloom, our sustainability advisory services combine our bespoke offerings into a tailored approach to embed sustainability in your organisation, ensuring everyone is empowered to make sustainable choices that contribute to your organisation’s ambitions (and we can help you define those too!).

Benefits