Measuring, reporting, and reducing GHG emissions is a strategic imperative for your business.
Why is GHG emissions reporting important?
Corporations find that tracking and reducing their environmental impacts delivers both short-term and long-term benefits. Higher financial return and sustainability management are no longer trade-offs, and companies can enjoy positive returns on investment from aligning sustainability metrics with their business strategy. Measuring and reporting your carbon footprint can help you identify and prioritize opportunities to improve your economic, environmental, and social performance.
Scope 1, 2, and 3 emissions
The VitalMetrics team provides a turnkey package to quantify and report your organization’s scope 1, 2, and 3 emissions that is compliant with the Greenhouse Gas Protocol and CDP methodologies. The WRI GHG Protocol is a standardized approach that ensures relevant, accurate, consistent, transparent, and complete calculations so that the inventory is a true and fair representation of a company's emissions. These emissions are categorized into three main "scopes":
What are scope 1, 2, and 3 emissions?
Scope 1: All direct GHG emissions from fuels and refrigerants
Scope 2: Indirect GHG emissions from consumption of purchased electricity, heat or steam
Scope 3: Other indirect emissions, such as the extraction and production of purchased materials and fuels, procured transport-related services, electricity-related activities (e.g. T&D losses) that are not covered in scope 2, outsourced activities, waste disposal, etc.
Source: GHG protocol FAQ
How can VitalMetrics help?
We bring our expertise in advanced life cycle science, best quality data, and cutting-edge information technology to rapidly create a comprehensive emissions inventory without requiring an exhaustive list of data from our clients. In particular, we offer expert knowledge in supply chain emissions to enable companies to expand their scope 3 reporting.
VitalMetrics can generate an emissions inventory that’s specifically formatted for direct integration into your CDP Climate Change questionnaire. As an accredited partner of CDP, we have intimate knowledge of the scoring process and can help your organization navigate the critical questionnaire components.
Science Based Targets
Take the lead and join the Science Based Target Initiative (SBTi) to help keep global temperatures under a 2°C scenario by aligning your organization’s emissions reduction strategy with science-based targets!
Where to begin?
Defining what science-based targets might look like for your company can be difficult. The VitalMetrics team offers a variety of services to help you set these goals.
Determine a baseline: We can help you develop a GHG inventory and determine your baseline, which is necessary for setting targets and tracking progress.
Scope 3 impacts: Setting a scope 3 emissions target is the most common obstacle companies face in the SBT approval process. Additionally, these emissions tend to be significantly greater than those from direct operations. If this is the case for your organization, the SBTi requires a scope 3 emissions target. We offer a turnkey solution to efficiently and rapidly calculate all fifteen scope 3 emissions categories.
Evaluate emissions scenarios & target pathways: Set interim targets aligned with achieving the final target.
Third party verification: The VitalMetrics team’s assurance experience and intimate knowledge of GHG reporting and environmental reporting standards make us well positioned to ensure that your emissions inventory, data, methodology, and results stand up to the SBTi guidelines.