EcoVadis and Watershed Team Up to Tackle Scope 3 Emissions Data Gap
Event summary
- EcoVadis partners with Watershed to improve Scope 3 emissions data reliability.
- EcoVadis PCF Calculator launched to help suppliers calculate product-level footprints.
- Partnership aims to replace broad averages with actual supplier emissions data.
- EcoVadis assigns Carbon Data Reliability Levels to supplier-reported metrics.
The big picture
The partnership between EcoVadis and Watershed addresses a critical gap in Scope 3 emissions data, which has historically relied on estimates rather than actual supplier-specific information. This collaboration is part of a broader industry trend towards more precise and transparent carbon accounting, driven by regulatory pressures and investor demands for credible Net Zero commitments. The initiative leverages the strengths of both platforms to create a seamless decarbonization workflow, potentially setting a new standard for supply chain sustainability.
What we're watching
- Data Reliability
- How the integration of EcoVadis' primary data engine and Watershed's carbon accounting platform will affect the accuracy of Scope 3 emissions reporting.
- Supplier Adoption
- The pace at which suppliers, particularly SMEs, will adopt the PCF Calculator to improve product-level footprint calculations.
- Regulatory Compliance
- Whether this partnership will help companies meet increasingly stringent ESG reporting requirements, such as CSRD.
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