Drive Supply Chain Decarbonization with EcoVadis' Carbon Network

EcoVadis Unveils Carbon Data Network to Help Companies Go Net Zero

With companies aiming to become net-zero emitters, they face one of their biggest challenges: there is just not enough detailed and reliable data, particularly Scope 3 emissions. These supply-chain emissions across a company's entire value chain are notoriously hard to follow because suppliers are not generally in a position to offer the data needed. EcoVadis, the market leader in sustainability ratings, responded to this threat by introducing the Carbon Data Network (CDN) to enable businesses to gain access to reliable carbon data and accelerate Scope 3 decarbonization strategies.

The CDN will facilitate business access to suppliers' carbon information and is a rational foundation for managing and reducing emissions. The CDN from EcoVadis introduces firms to the ability to improve collection, reporting, and disclosure of carbon emission information, which is particularly important as many countries and regions adopt more stringent environmental standards.

EcoVadis Carbon Data Network is one of such innovative means of balancing climate change, especially considering that new regulations such as the Carbon Border Adjustment Mechanism are forcing companies to offer clean carbon data. It has the potential to build walls for already established companies which are already operating under incomplete or wrong data. A certified central source of carbon data provides organisations the option of building the basis for information-based decision-making and monitoring how far they've come in net-zero emissions.

The CDN takes advantage of the vast network of over 150,000 firms of EcoVadis. With such a vast database, there is needed energy for firms to get the initial supplier data all at once, enhanced transparencies, and precision for emissions reporting. Getting access to this type of information is crucially important for firms with a mission of meeting sustainability objectives and meeting increasing regulatory needs.

For businesses that want to better plan their decarbonization, EcoVadis's CDN provides some useful tools such as Corrective Action Plans, a Carbon Estimator, and the EcoVadis Academy for emissions management. The tools allow businesses to take tangible actions towards emissions reduction as well as overall sustainability performance improvement.

Even as there is mounting pressure on corporations to meet sustainability targets, most of them fall behind, statistics indicate. Fewer than 16% of global large companies are on a path to net-zero emissions, recent evidence states, and hence there is a gap in better emissions tracking and reporting. EcoVadis's CDN is designed to bridge this deficit by making available to businesses more precise and trustworthy data to inform decarbonization.

Besides providing businesses with direct access to authentic supplier information, EcoVadis is also working with carbon accounting companies to provide yet more precise emission reporting. By collaborating with firms like Sweep and Normative, EcoVadis is working to enable businesses to be in a place to make the transition away from the use of industry averages to utilize precise emission data from their supply base. This will enable companies to incorporate correct information in their sustainability reports and decarbonization strategies more efficiently.

There has never been a stronger need for reliable carbon data in commerce. Businesses are being increasingly prompted by governments, customers, and investors to prove their sustainability status through reliable emissions data. EcoVadis's CDN is well-placed to assist businesses with such requirements by offering the experience and assistance needed to make informed decisions and minimize their carbon footprint.

As increasingly more companies are putting sustainability at the forefront, the Carbon Data Network is a valuable resource for companies wanting to better manage emissions data and spur decarbonization globally. By leveraging its access to accurate, first-party supplier emissions data and provision of actionable improvement resources, EcoVadis is helping companies make meaningful progress toward their net-zero ambitions.

Source: EcoVadis