Press Articles | Stark IPCC warning to business leaders to take lead on slashing Scope 3 emissions

In response to the Intergovernmental Panel on Climate Change (IPCC)’s ‘wake up call’ report that we must slash greenhouse emissions to avoid a 1.5°C spike in global temperatures, energy transition experts are urging business leaders to take climate action – saying the technology and funding already exist.

The IPCC report states: "global net human-caused emissions of carbon dioxide would need to fall about 45 per cent from 2010 levels by 2030, reaching ‘net zero’ around 2050."

According to financial information firm MCSI, many businesses have more than 70 per cent of their carbon footprint coming from Scope 3 emissions. Energy transition experts at global management consulting firm, Partners in Performance, say it’s time for businesses to move past addressing only Scope 1 and 2, saying the technology and funding already exists to do so.

“Scope 3 emissions are greenhouse gases caused by supply chain processes, or a result of products, exports or services not controlled directly by the organisation,” explains Julian McCarthy, Partners in Performance Director of Energy Transition in the Australian and New Zealand region.