eBooks & Guides

I N T R O D U C T I O N In today's world, managing carbon emissions is no longer optional—it's essential. With the growing impacts of climate change, effective carbon management has become a key driver for sustainable business growth and environmental responsibility. Both regulatory requirements and market forces push organizations to take decisive action on emissions tracking and reduction. One of the most challenging yet crucial areas of carbon management is Scope 3 emissions. Up to 90% of a company's total carbon footprint can originate from its supply chain. According to a report from CDP, suppliers reported that their upstream Scope 3 emissions were, on average, 26 times greater than their emissions from direct operations. This means that most emissions fall outside a company's direct operations, stemming instead from upstream and downstream activities. As a result, addressing Scope 3 emissions is vital for any business aiming to create a robust sustainability strategy. Copyright 2024 Tango. All rights reserved. For many organizations, tackling Scope 3 emissions involves working closely with suppliers. Supply chain impacts often dwarf a company's direct environmental footprint, yet businesses are twice as likely to focus on reducing operational costs rather than addressing these broader impacts. However, with mounting pressure from consumers, stakeholders, and regulators, comp- anies prioritize comprehensive sup- ply chain data to meet sustainability targets and stay ahead of evolving regulations. By effectively managing and report- ing Scope 3 emissions, businesses can better measure their upstream impacts, improve their return on investment, and future-proof their operations. In a world where regulations and standards are becoming more stringent, under- standing and addressing Scope 3 emissions isn't just about com- pliance—it's about securing long- term business success. 2 6 X Supply chain emissions are 26 times higher than operational emissions Why Scope 3 Data Matters:

• Cover