Most companies and investors are not yet measuring and targeting reductions in Scope 3 value chain emissions, leading to significant overlooked and unreported financial risks in their supply chains, according to a new report released by Boston Consulting Group and environmental disclosure system CDP.
For the report, “Scope 3 Upstream: Big Challenges, Simple Remedies,” CDP and BCG analyzed responses to CDP’s 2023 data request. CDP runs a global environmental disclosure system, enabling investors and other stakeholders to measure and track organization’s performance in key environmental sustainability areas including climate change, deforestation, water security, and plastic-related impact. In 2023, a record of more than 23,000 companies disclosed through CDP, up 24% over the prior year, and representing companies worth $67 trillion, or more than 66% of global market capitalization.
Content retrieved from: https://www.esgtoday.com/companies-investors-overlooking-major-financial-risks-from-unmeasured-scope-3-emissions-bcg-cdp-report/.
