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The TfS initiative is happy to announce it extends its program for assessing and auditing chemical supply chains to also measuring GHG scope 3 emissions.
Reducing GHG emissions and those in the supply chains in line with scientific guidance is an issue particularly relevant to the chemical industry. By leveraging the potential of the TfS industry initiative to create awareness and to reach suppliers at larger scale, TfS member companies decided to cooperate to increase the pace and scale of impact. Therefore, TfS has kicked off a new work stream called “GHG Scope 3 Emissions”. Its objective is to develop pragmatic approaches to measure GHG emissions data as well as to obtain it from their suppliers and share it across TfS member companies. It is paramount that the collected and shared data are consistent, reliable, robust as well as effective.
The new work stream GHG Scope 3 Emissions centers around four work packages: a/ standardization of approach to measure GHG emissions data, b/ design of data collection & sharing approach, c/ engagement of suppliers to improve, and d/ co-operation with external stakeholders and providers.
The work stream already designed clear objectives for each work package and is currently transferring them into a roadmap with clear deliverables, sequencing and milestones.
An efficient reporting methodology in line with global standards
The standardized approach to measure GHG emissions data shall meet the typical reporting boundaries and basic principles. The aim is to jointly develop an accepted and efficient scope 3 reporting methodology in line with global standards (e.g., GHG Protocol), which can be applied by all TfS member companies.
The second work package aims to design an accepted and implementable, adequate, phased data collection approach amongst TfS members that is faster than a stand-alone solution. Using the TfS platform will maximize its reach with measurable efficiency gains.
Thirdly, the work stream will make best practice for supplier engagement accessible amongst and for TfS member companies.
Finally, TfS will be in continuous dialogue with selected external stakeholders and providers to track developments and provide the expertise on global standards and guidelines.