Issue link: http://palletcentral.uberflip.com/i/1475336
PalletCentral • July-August 2022 13 Most countries have committed to reducing GHG emissions to meet the 2030 date. e U.S. has committed to a fifty percent reduction by 2030. is is the total of all emissions across its economy, not necessarily a one-number fits all. e targets are often specific by sector. The Good News Fortunately, over a couple of decades, an intricate web of specialist organizations, analytical frameworks, and methodologies has been organized to help make the transition to a carbon-free (or neutral) economy: • Scientists who are dedicated to creating data conversions into something useable that we have confidence in because of the science-based approach. • A key leader in helping both the governmental community and industry with a forum and guidance has been the United Nations (UN). • Numerous non-profit organizations (NGOs), most notably the: • Greenhouse Gas (GHG) Protocol by the World Resources Institute (WRI). • e Global Reporting Initiative (GRI). • Carbon Disclosure Project (CDP) • Water Footprint Network (WFN) • SASB (Sustainability Accounting Standards Board) • LEED (U.S. Building Council) • IPCC (e Intergovernmental Panel on Climate Change) Top-Down Pressure With a useable and proven set of tools available and accelerating climate change, combined with large mega-corporations (Fortune 500) deploying them, there is pressure for all enterprises, independent of size, to adopt and use them effectively. Why? Historically, large mega-corporations have functioned as research and development (R&D) laboratories on advanced technologies and methods. Most of these large corporations have mastered the tools mentioned above and report their GHG emissions and water use reduction progress annually. But large corporations who are starting or planning to start applying pressure on their supply chain partners aren't free of top-down pressure. ey are often feeling pressure from large institutional investors. And there is a respected forum where they meet, the Carbon Disclosure Project (CDP). Source: GHG Protocol Corporate Value Chain (Scope 3) Accounting and Reporting Standard