Value Chain (Scope 3) Carbon Accounting Services
Take control of your Scope 3 emissions to optimize your ESG performance.
Turn Scope 3 Accounting Challenges into Decarbonization Opportunities
Value chain emissions (Scope 3) can account for up to 80% of a company’s overall environmental impact and play a critical role in a sound, science-based decarbonization strategy to achieve net zero. When calculated at a high level based on financial data, Scope 3 carbon accounting does not accurately reflect the emissions of a company’s value chain.
To obtain meaningful and actionable data for Scope 3 quantification and reduction, calculations must be based on physical quantities and industry-specific emission factors. With Sphera’s sustainability consultants, you’ll have an experienced partner to guide you through Scope 3 assessment and quantification driven by methodological expertise and real-world emissions data. We’ll provide you with science-backed insights to translate your most ambitious emissions reduction goals into efficient, effective action.
Identify Scope 3 Categories Where Improvement Matters Most
Not all of the 15 Scope 3 emissions categories are relevant to every company, and the process of assessing all of them can be complex and time-consuming. An initial Scope 3 screening provides an overview of your value chain emissions and helps identify potential hotspots for deeper analysis. Sphera’s sustainability consultants guide you through emissions screening along your company’s value chain and assist in identifying Scope 3 categories that are most relevant for your business.
Measure, Then Manage
To achieve improvements, you need to first determine your baseline. Because Scope 3 emissions are not under your company’s direct control, they can be difficult to measure. Sphera’s sustainability experts conduct detailed Scope 3 studies for all relevant categories and provide data-driven insights into your value chain. We help you quantify your emissions on a material basis, using primary emissions data from Sphera’s Scope 3 database, as well as establish a foundation for a fact-based and actionable Scope 3 reduction strategy.
Monitor Progress Through a Carbon Management and Accounting System
Scope 3 quantification and reduction isn’t a one-time exercise, but an ongoing process that will become mandatory under the Corporate Sustainability Reporting Directive (CSRD) and the climate-related disclosure requirements from the U.S. Securities and Exchange Commission (SEC). SpheraCloud Corporate Sustainability software helps your organization streamline and standardize annual collection, calculation and reporting of Scope 3 data, while continuously tracking progress against reduction targets.
Explore Other Sustainability Consulting Services
Benefit from the unique combination of software, data and expertise to meet all your sustainability and ESG needs.
Science Based Targets (SBT)
Proof your commitment to sustainability by setting a Science Based Target.
Decarbonization Roadmap Toward Net Zero
Gain control over your scope 3 emissions and progress on your decarbonization journey.
Corporate Carbon Footprint
Calculate the size of your company’s carbon footprint and report it where required.
Are You Ready to enhance your ESG and sustainability performance?
Learn more about what Sphera’s Sustainability Consulting services can do to optimize your ESG performance.