VCMI launches framework to tackle Scope 3 emissions gap by 2040
"It is not a license to delay, but a framework of integrity."
Carbon market integrity entity VCMI has launched a new ‘Scope 3 Action Code of Practice’ to help companies tackle the gap between their Scope 3 reduction targets and what they are actually achieving.
The code supports companies in measuring their Scope 3 emissions gap and disclosing it, as well as the barriers they are facing in reducing value chain emissions, and what they are doing to overcome these issues. Beyond that, it provides a framework on how companies can use high-quality carbon credits to offset some of the gap – which is estimated at 1.4 gigatonnes of CO2e today and could reach 7 gigatonnes by 2030.
