Mapping Scope 3 Data for Sustainable Supply Chains
Companies are increasingly expected to increase the sustainability and resilience of supply chains and reduce CO2 emissions. However, the poor quality of data in the ESG market is a significant barrier to action. For example, companies are not able to identify their Scope 3 CO2 emissions or even the suppliers within their vast supply chains. Poor visibility prevents goal-setting and collaboration within companies and industries. Despite this, regulators, investors, and consumers are increasing pressure for real, substantiated progress.
We present a knowledge graph capable of addressing the root cause of this bottleneck. With the Sustainable Resource Accounting Ontology, companies can explicitly track data shared by operators employed at factories throughout supply chains. Data may include the number, type, and source of resource inputs, as well as the manufacturing and distribution processes, and recipient of outputs. This system is able to provide real-time data that is granular enough to form the basis of science-backed targets, to achieve company commitments and satisfy the requirements of regulators, investors, and consumers. This data may also be shared to enable collaboration towards industry-wide reduction targets.
Ellie Young, Founder at Common Action