Key Takeaways:
- 3Degrees has introduced the Supply Chain Emission Reduction Agreement, targeting scope 3 emissions in the food and apparel industries.
- The new product helps organizations achieve their scope 3 goals by working with suppliers to develop lower-emission products.
- The solution is initially available to companies with North American agricultural supply chains.
- 3Degrees offers a pay-for-performance model, aligning upstream emissions reductions with downstream purchasing requirements.
- This launch is part of 3Degrees’ ongoing commitment to scalable, impact-driven climate solutions.
3Degrees, a global climate solutions provider and certified B Corporation, has announced the launch of its new product, the Supply Chain Emission Reduction Agreement. This innovative solution is designed to help organizations, particularly in the food and apparel industries, reduce their scope 3 emissions by partnering with suppliers to deliver products with lower emissions intensity.
Addressing Scope 3 Emissions
The new service from 3Degrees is aimed at companies in the food and apparel sectors that are striving to meet their Science Based Targets initiative (SBTi) goals. These companies face growing pressure to reduce scope 3 emissions due to climate-related risks and the need to strengthen relationships with suppliers and stakeholders. However, many are limited by the resources and options available to achieve these reductions at scale.
John Bourne, Senior Director of Carbon Markets and Agriculture at 3Degrees, explained the motivation behind the product: “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.”
How the Product Works
The Supply Chain Emission Reduction Agreement simplifies the process of reducing emissions by allowing 3Degrees to partner with upstream suppliers. Through this collaboration, 3Degrees sources, finances, and develops emissions reduction projects that result in lower-emission products. The product operates on a pay-for-performance model, ensuring that the efforts align with the purchasing requirements of downstream buyers.
3Degrees’ Experience and Commitment
Over the past 15 years, 3Degrees has supported more than 100 agricultural projects across North America. The company has been instrumental in generating over 33% of all carbon credits issued from livestock projects during this period. Their extensive experience, particularly in working with leading food and apparel brands, has informed the development of this new service, which is designed to address the specific challenges and opportunities within these industries.
