Accelerating Scope 3 decarbonisation
Schneider Electric has partnered with Avarni, a carbon management platform helping companies understand emissions exposure, to leverage AI-enabled technology to accelerate decarbonisation across the value chain.
The Carbon Disclosure Project (CDP) has estimated Scope 3 emissions to be 11 times greater than a company’s direct emissions. As a result, corporations are increasingly pursuing Scope 3 emission reduction targets in response to rising legislative and investor pressures to act on climate change. However, due to complexities in extracting data and insights from the value chain, the quantification and reduction of emissions beyond Scope 1 and 2 is difficult for companies.
Under the partnership, the two companies will pair their technologies to help clients understand, report and forecast the Scope 3 footprint of value chains, accelerating the availability of data to increase impact. Avarni’s digital AI capabilities and emissions insights will be delivered via Schneider’s EcoStruxure Resource Advisor software. These technologies and Schneider’s global value chain decarbonisation consulting services will improve the quality and accessibility of Scope 3 and value chain data, helping companies understand their complete climate exposure to set actionable targets for emissions reductions.
Tony Yammine, Avarni CEO and Co-Founder, said addressing Scope 3 emissions has increased in priority for Australian and global organisations. Companies are seeking to understand the impact of these emissions on their ability to reach net zero.
“A tangible solution is required, which is why we couldn’t think of a better partner than Schneider Electric to fundamentally change how organisations process their Scope 3 footprint to address value chain decarbonisation,” Yammine said.
The approach will give companies access to tangible insights to encourage faster and more comprehensive decarbonisation program development and engagement strategies. This will help corporations build greater supplier capacity for environmental impact while improving business outcomes.
“Decarbonising a global value chain is a significant undertaking that impacts enterprise companies and their partners, creating new challenges and expectations for both parties,” said Steve Wilhite, President for Schneider Electric’s Sustainability Business.
According to Wilhite, the collaboration will accelerate the Scope 3 decarbonisation pathway from data aggregation, to commitment, to action.
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