Addressing the Scope 3 Challenge: The Partnership for Carbon Transparency

This IDC Perspective highlights the importance of managing and reducing carbon emissions across the entire value chain of a product's life cycle. It underscores the complexity of accurately tracking and measuring these emissions, particularly Scope 3 emissions, which occur outside of a company's direct operations and encompass activities such as raw material extraction, transportation, and waste disposal. These emissions represent a significant portion of a company's overall carbon footprint; measuring and reducing them is pivotal in the quest for achieving net-zero emissions.The Partnership for Carbon Transparency (PACT), initiated by the World Business Council for Sustainable Development (WBCSD), is presented as a groundbreaking effort to standardize the calculation and exchange of Scope 3 emission data. PACT aims to facilitate the adoption of consistent, comparable, and credible emissions data across value chains, enabling companies to implement effective decarbonization strategies.