A growing number of reputable companies have seen their Science-Based Targets initiative (SBTi) goals withdrawn. The reason? An inability to meet the stringent requirements set forth for reducing emissions. This trend highlights a troubling gap between initial sustainability commitments and the practical challenges of achieving them. In a recent report published by the SBTi, 54% of the participating companies “ranked Scope 3 as a barrier to setting a net-zero target” and said that “scope 3 is too much of a challenge”. The bottom line is that most companies aren’t prepared to make long-term ne ..read more

Companies are increasingly focusing on the emissions associated with their supply chains to reduce overall emissions. Integrating both the supplier’s organizational and product specific emission factors is key to understanding the company’s environmental situation as well as how to drive change. The Best of Both Worlds: Product and Organizational Data By integrating product-specific carbon data with broader organizational emissions figures, companies can achieve a granular understanding of their environmental impact. This means organizations should pay attention to detail in the collection an ..read more

We use the internet for everything from entertainment, communication, research, and it has completely transformed the way we work. Most people don’t realize that emissions from internet and cloud usage are quickly exceeding the amount of carbon from other industries. In 2023, cloud computing accounts for around 3% of all global emissions, which is more than the airline industry, shipping, and food processing.   Greenhouse gas emissions (GHGs) are often emitted due to the energy used in powering the data centers and servers necessary for online activities like sending emails and browsing ..read more

Grappling with Scope 3 Category 1 emissions—those emissions originating from purchased goods and services—is not just a matter of regulatory compliance but a central component of responsible business practice. This category casts a long shadow, accounting for an overwhelming majority of emissions for companies like Airbnb (96%) and even those with extensive logistics & retail operations like IKEA (58%). This situation places procurement teams at the vanguard of climate action, compelling them to work in tandem with sustainability departments to quantify emissions from suppliers, typically ..read more

Current Global Climate Legislation, by Region Our world is beginning to be dominated by the threats of the climate crisis. Governments globally are acting to mitigate greenhouse gas emissions and transition towards a future free from fossil fuel reliance. To maintain an understanding of the plethora of global climate legislation that is constantly being enacted and revised, keep reading!   United Kingdom Climate Legislation The United Kingdom has implemented extensive legislation to maintain their commitment to being net-zero by 2050. Legislation has been enacted to promote clean energy ..read more

Climate Legislation in Asia  Everything you need to know about Climate Legislation in Asia. China China has committed to achieving carbon neutrality by 2060. Intending to generate 1,200 gigawatts of renewable energy by 2025, China is by far the global leader in solar and wind power production (1). By 2030, China intends to supply ⅓ of its power consumption from renewable sources. China’s resolute investment in the construction of renewable energy conductors maintains their pursuit of their climate goals (2). China’s most important climate policy that affects corporations is their Emissio ..read more

European Union Climate Legislation The European Union has committed to becoming the first climate-neutral continent through their establishment of a European Green Deal. By 2030, the EU plans to reach at least 55% less net greenhouse gas emissions than in 1990. To achieve this feat, they’ve enacted legislation and regulations spanning various sectors. Here’s everything you need to know about EU Climate Legislation: Fit For 55 (1) The Fit for 55 legislative package is a set of proposals that aim to reduce greenhouse gas emissions by at least 55% by 2030, using 1990 as a baseline. There are two ..read more

United Kingdom Climate Legislation The United Kingdom, especially since exiting the European Union, has implemented extensive legislation to maintain their commitment to being net-zero by 2050. Legislation has been enacted to promote the transition to a clean energy future, invest extensively in climate change mitigation programs, and provide economic incentives and regulations for corporations to minimize their emissions. The UK perceives the fight to mitigate the climate crisis as an opportunity for economic growth and prioritizes economic prosperity in their legislation. Here’s what you ne ..read more

The European Central Bank is planning on imposing financial penalties on businesses that do not comply with the ECB climate risk mitigation recommendations. In 2020, the ECB published recommendations for banks to determine their climate risks and reduce their environmental impact. These recommendations include imploring banks to identify the percentage of carbon-related assets in each of their portfolios. Financial institutions are expected to meet these recommendations by the end of 2024. Many banks failed to meet the interim requirements by March 2023. The Vice President of banking supervis ..read more

In the contemporary world, where environmental sustainability is not just a choice but a necessity, businesses in the transportation and logistics sector are increasingly turning towards standards like EN 16258. This European Standard is pivotal in measuring and managing greenhouse gas (GHG) emissions in transport services. But how can organizations ensure compliance and accuracy in their GHG emission reporting? DitchCarbon can help, offering a one-stop solution for all your emissions factor needs in line with EN 16258. Understanding EN 16258: EN 16258 provides a robust framework for quantify ..read more