Tags:Carbon Footprint, Corporate Responsibility, Input-Output Analysis and Scope 3
Abstract:
This research aims to set targets for reducing CO2 emissions across a company's value chain, focusing on mitigating Scope 3 emissions multipliers. Scope 3 multipliers denote the indirect CO¬2 emissions per monetary unit of the sector's output, emitted along the entire supply chain of the sector (i.e., to produce all the intermediate suppliers of the sector). While government policies and regulations can certainly promote emission mitigation, in the absence of a specific regulatory framework for businesses, it is ultimately up to them to take action to reduce their indirect emissions. Furthermore, The significance of sustainable corporate responsibility becomes heightened when we consider that certain companies' Scope 3 emissions make up a significant portion of their overall carbon footprint.
Sustainable Corporate Responsibility: Reducing Emissions Across Global Value Chains