The Science Based Targets initiative (SBTi) has published new guidance to support companies wishing to engage with their supply chains in order to set science-based targets.
The guidance outlines how to set supplier engagement targets, implement engagement programmes, and ensure companies understand what it takes to achieve these goals.
Supplier engagement target setting specifies how much of a company’s emissions will be covered by suppliers setting emission reduction targets in the near-term. Companies must set supplier engagement targets and/or reduction targets that collectively cover at least 67% of total Scope 3 emissions – if these emissions represent over 40% of their total scope 1, 2 and 3 emissions.
The guide provides a step-by-step supplier engagement process. To meet supplier engagement targets, the company needs to work with their suppliers, within the target boundary, and have them set targets aligned to the SBTi Criteria.
On 13 July, Alfa Energy will host a webinar exploring some of the practical steps global manufacturers can undertake to bring their supply chain to net zero. Speakers from Honda, Edison Energy and Alfa Energy will discuss the importance of addressing supply chain emissions; key components of a successful supply chain decarbonization and supplier engagement strategy; tools available to assess supply chain emissions; and the Honda Approach: a case study on setting a net zero CO2 target for an entire supply chain.
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