PACT News

Leveraging the Power of the PACT Community to Solve Shared Scope 3 Challenges

News
November 25, 2024

No single company can tackle the challenge of Scope 3 emissions on its own. At PACT, we firmly believe that collaborative problem solving plays a critical role in providing the solutions and know-how to consistently overcome shared challenges. With this guiding principle, PACT created a new working group in 2024 where companies were invited to highlight key Scope 3 transparency and decarbonization challenges that the PACT community could potentially solve together.

These challenges were selected on the basis of an open consultation with over 75 PACT member companies, followed by a vote to determine the four most pressing Scope 3 challenges facing companies today. The initial focus areas determined by the vote are:

1.      Defining a Practical and Robust PCF Validation Approach (available now)

2.      Understanding When and How to Rebaseline Due to Methodological Changes (available on 27 Nov)

3.      Engaging and Incentivizing the Exchange of PCFs in Tier 1 and Beyond (available in Q1 2025)

4.      Achieving Digital and Data Readiness Across the Supply Chain (available in H2 2025)

The topics will expand over time as the work to tackle Scope 3 reductions evolves.

In the coming year, PACT will publish a series of white papers capturing key insights and suggested roadmaps for tackling these shared Scope 3 challenges. The first white paper,Defining a Practical and Robust PCF Validation Approach”,  provides a step-by-step approach to PCF validation, combining various tools and methods to balance practicality and robustness.

The Working Group follows an iterative knowledge-sharing and consensus-building process facilitated by PACT to analyze each focal issue and chart paths forward. The aim of each cycle is to propose solutions through white papers that are are robust, actionable, and empower companies to achieve their emissions transparency goals.

PACT would like to thank the Working Group companies, individually acknowledged in the papers, for their engagement and active contribution.

About PACT

The Partnership for Carbon Transparency(PACT) is committed to accelerating decarbonization in the private sector by enabling the calculation and exchange of supplier-specific Product Carbon Footprints (PCFs) across value chains. PACT harmonizes PCF calculations through its industry-agnostic methodology, and enables PCF exchange via open-source technical specifications, bringing together an ecosystem of ambitious, committed organizations.

Connect with us on LinkedIn to stay updated on these developments and to join the conversation around Scope3 emissions solutions.

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