Scope 3 & Traceability: Leveraging Optimised Know-how | Occasions | Asia

Scope 3 & Traceability: Leveraging Optimised Technology

Whereas oil palm enterprises have made good stride in ESG reporting within the preliminary part, tackling Scope 3 AND traceability may be daunting with out leveraging on the suitable instruments.  Current worldwide sustainability requirements and the stringent deforestation regulation speed up the urgency to concurrently deal with Scope 3 and traceability.

It’s estimated that industrial enterprises’ provide chain generates greater than 70% of whole carbon emission.  The Worldwide Sustainability Requirements Board (ISSB) and the European Sustainability Reporting Requirements (ESRS), compel transparency and complete ESG reporting, together with GHG emissions of their provide chains.  These requirements require enterprises within the international provide chain to account for his or her carbon emission, together with Scope 3.  Many jurisdictions have adopted these requirements into their very own sustainability reporting.  Non-compliance could lead to lack of market share, status and penalties.    

The EU Deforestation Regulation (EUDR) requires firms to reveal that their merchandise are deforestation-free, not linked to unlawful harvesting, commerce and forest degradation.  Ranging from December 2024, enterprises should have the ability to reveal and hint that their merchandise to the purpose of origin i.e.  “plantation”.  Incapability to hint all the provide chain could lead to its lack of ability to entry the European markets.

Given its urgency and paramount significance of accessing the European market, it’s most optimum to undertake Scope 3 and traceability concurrently, particularly when there are various overlaps alongside all the provide chain.  

On this half-day occasion hosted by HCLTech and Eco-Enterprise, we leverage on our & companions experience in oil palm business to share their expertise in addressing the challenges within the oil palm business, the significance of information administration, and the advantages of leveraging know-how to assist handle Scope 3 and traceability.

This occasion is by invitation solely.

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