|
Listen to this story:
|
- 3Degrees introduces a new product to help food and apparel companies reduce Scope 3 emissions within North American agricultural supply chains.
- The Supply Chain Emission Reduction Agreement simplifies investments, offering a pay-for-performance model that aligns with purchasing requirements.
- 3Degrees has a strong track record, having supported over 100 agricultural projects in North America, including 33% of carbon credits from livestock projects.
3Degrees, a global leader in climate solutions, has unveiled its Supply Chain Emission Reduction Agreement, a groundbreaking product designed to assist organizations in reducing Scope 3 emissions within their agricultural supply chains. Initially targeting the food and apparel sectors, this innovative approach empowers suppliers to deliver lower-emission products, aiding companies in meeting their climate goals.
Food and apparel companies with Science Based Targets initiative (SBTi) goals face mounting pressure to reduce Scope 3 emissions due to climate-related risks and the need to strengthen relationships with key stakeholders. However, many of these companies struggle with limited resources and lack scalable solutions.
3Degrees’ new Supply Chain Emission Reduction Agreements offer a simplified and de-risked approach to investing in Scope 3 emission reductions. By partnering with upstream suppliers, 3Degrees sources, finances, and develops projects that result in lower-emission products, aligning with downstream purchasing needs. This pay-for-performance model is part of 3Degrees’ broader commitment to providing impactful, scalable climate solutions.
John Bourne, Senior Director of Carbon Markets and Agriculture at 3Degrees, emphasized:
“Our close collaboration with food and apparel brands has highlighted the pressing need for a simplified and de-risked approach to upstream emissions interventions. Our new service is tailored to deliver a high level of customization, paving the way for broader adoption of sustainable practices.“
Related Article: SBTi Advances Corporate Net-Zero Standard with Focus on Scope 3 Emissions
With over 15 years of experience, 3Degrees has supported more than 100 agricultural projects in North America and is responsible for over 33% of all carbon credits issued from livestock projects. This extensive track record underpins the company’s commitment to driving meaningful change in agricultural supply chains, particularly for leading food and apparel brands facing unique challenges and opportunities in this sector.