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Supply Chain ESG Collaboration Platform: Scope 3 emissions reporting
EY teams combine vendor risk assessment skills with leading ESG consulting services to simplify the capture, consolidation, management and analysis of scope 3 emission data.
Scope 3 emissions challenges
Even though regulation like the European Commission’s Corporate Sustainability Reporting Directive (CSRD) demands it, companies struggle to report on their scope 3 emissions.
Scope 3 emissions often account for 70% of a business’ carbon footprint. And since they are caused by suppliers and consumers, 80% of companies report that they have difficulty quantifying scope 3 emissions.
EY Supply Chain ESG Collaboration Platform
The EY Supply Chain ESG Data Monitor simplifies the capture, consolidation, management and analysis of scope 3 emission data – and the initiatives to reduce them:
- Know your footprint by collecting scope 3 emissions data, category 1 and 2, from your tier 1 suppliers
- Provide transparency to your stakeholders and customers through supplier benchmarking and ESG performance management on supplier ESG scorecards
- Work to reduce emissions by direct collaboration between your suppliers and the Procurement and Risk department
This offering allows key stakeholders to work together to:
- Facilitate seamless data collection
- Report on emission numbers
- Benchmark suppliers based on their ESG scorecards
- Identify and action improvement opportunities
The EY Supply Chain ESG Collaboration Platform covers the complete journey of the key personas involved in supply chain scope 3 emissions reporting.
The EY Supply Chain ESG Data Monitor helps power a 360-degree ESG posture of clients’ suppliers:
- Supplier ESG maturity
- Supplier social and governance metrics
- Supplier emissions
- Supplier products’ PCF
- Improvement opportunities
- Guidance and support to mature supplier’s ESG capability
Additionally, this offering builds on the leading capabilities of ServiceNow and the EY organization:
- The EY organization was recognized as No. 1 for ESG consulting services by research and advisory firm Verdantix (2022).
- ServiceNow named a Leader in The Forrester Wave™: Third‑Party Risk Management (TPRM) Platforms, Q2 2022.
Benefits:
- Data collection and calculations in line with industry requirements
- Aggregated emission reporting from suppliers, reported on supplier ESG scorecard
- Tracking actions and improvement programs with suppliers
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