THE CLIMATE CHOICE

🚀 𝐓𝐡𝐫𝐢𝐥𝐥𝐞𝐝 𝐭𝐨 𝐔𝐧𝐥𝐨𝐜𝐤 𝐭𝐡𝐞 𝐒𝐜𝐨𝐩𝐞 𝟑 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐓𝐨𝐠𝐞𝐭𝐡𝐞𝐫: T-Systems & The Climate Choice Manage Supplier Climate Maturity to drive Decarbonization! Most companies have climate targets, only a few take actions to implement them across the supply chain. The international communication technology leader is one of them. Using our Climate Intelligence Platform T-Systems is able to: 🔍 Track the progress of its climate goals with 100% data coverage  📊 Evaluate individual suppliers & their climate maturity level  ✅ Jointly develop & implement strategies for reducing Scope 3 emissions Explore how T-Systems achieved these impressive results with our Climate Intelligence platform, read the full case study here: ➡️ https://lnkd.in/efdCejEM 🏆 Kudos to Andreas Sokolowski, Head of Infrastructure Partnermanagement at T-Systems, for breaking barriers in supply chain transparency, supplier engagement for decarbonization and climate accountability! -------- 𝘚𝘰𝘶𝘳𝘤𝘦: Customer Journey, more information on our website. 𝘛𝘢𝘨𝘴: #ClimateAction #Decarbonization #Scope3 𝘐𝘯𝘷𝘪𝘵𝘢𝘵𝘪𝘰𝘯: Find this helpful? 🔗 and 🔔 for more.

Meet the Climate Community at #CTS2024 in Berlin, 12th September!

🔔 Join the Next Scope 3 Action Group Starting in October! While 'Climate Strategy' is on track, 'Net Zero Procurement Strategy' most often needs a boost. ❓The Problem: Sustainability & Procurement Leads face the same challenge when tackling Scope 3 - missing supplier specific data for actionable decision-making. 💡 The Solution: Embedding supplier climate scores & emission data into existing procurement workflows is key to making progress towards a company's net-zero target. ✅ Our Offer: To implement systemic, lasting change in your decarbonization journey, we developed together with our partners myclimate, amc Group - Unternehmensberatung für Einkauf & SCM and WifOR Institute the Scope 3 Action Group, in which over 30 companies join already in the last 12 months. Scope 3 Action Group Essentials: Addressing each element of Climate Data Management, Supplier Climate Engagement and Scope 3 Action Roadmapping, the end-to-end 3-Month Peer-Group Program combines Learning & Networking with Data & Action. The Scope 3 Action Group leverages collective insights to support you with: 1️⃣ Expert Training & Peer-Group Learning Pathway 2️⃣ Set up & Acceleration of your Supplier Climate Engagement 3️⃣ Scope 3 Action Roadmapping & Climate Intelligence Platform Access The next Scope 3 Action Group cohort starts in October 2024, kicking off in person in Berlin, while the rest rest of the journey takes place online. 👇 What's Next: Apply now & learn more in our CHOICE Event #75 this Wednesday (Link in comments).

🌍 🔍 Friday Climate Quiz: Did you know that while Sustainability Experts stress the importance of data for accuracy, most suppliers have no product carbon footprints calculated? Therefore the question for most decarbonization teams is: 𝐇𝐨𝐰 𝐭𝐨 𝐎𝐯𝐞𝐫𝐜𝐨𝐦𝐞 𝐭𝐡𝐞 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐨𝐟 𝐦𝐢𝐬𝐬𝐢𝐧𝐠 𝐃𝐚𝐭𝐚 𝐢𝐧 𝐒𝐜𝐨𝐩𝐞 𝟑? ❗ This discrepancy often leads to a "chasm of inaction" where sustainability and procurement professionals struggle to get the data they need. 💡 However today, the majority of suppliers are starting to disclose company-level data, allowing for more reliable supplier-level emission factors. ✅ According to the GHG Protocol, company-level emission factors can be used if an organization discloses Scope 1+2, upstream Scope 3, and revenue data. Our Climate Intelligence Platform automatically sources this data, providing the most accurate and supplier specific factors possible. If not enough data is available, industry-level emission factors can be provided to prevent significant discrepancies in reported emissions. This Scope 3 Data Challenge sounds familiar? Vote & Share below 👇

🌍 Klimaschutz in der Lieferkette: Die große Herausforderung Kennt Ihr das? Der Großteil Eurer Unternehmensemissionen versteckt sich nicht in Scope 1 und 2, sondern in der vor- und nachgelagerten Lieferkette. Und es sind nicht nur ein paar wenige, sondern oft Hunderte von Lieferanten beteiligt. 💡 Innovative Lösung von THE CLIMATE CHOICE Das Berliner Startup THE CLIMATE CHOICE hat eine innovative KI-basierte Lösung entwickelt. Sie ermöglicht es, eine Vielzahl von Lieferanten zu analysieren und sie aktiv in die Emissionsreduktionsziele des Unternehmens einzubinden. 🚀 Erfolgreich getestet: T-Systems aber auch andere Unternehmen haben diese innovative Technologie bereits pilotiert. 👀 Neugierig geworden? Vielleicht ist diese Lösung auch für Euer Unternehmen der Schlüssel zu einer nachhaltigeren Lieferkette. Schaut mal rein und lasst uns wissen, was Ihr davon haltet! Ich bin mir sicher, Yasha Tarani und Lara Obst beantworten gerne Eure Fragen. #Nachhaltigkeit #SupplyChain #CO2Reduktion #KI #Klimaschutz https://lnkd.in/ezNF6jWR

🌍🇪🇺 Breaking Climate News to start the Week with: #CSDDD has been officially published in the Official EU Journal, coming into force on July 25! What's next? Let's dive into your quick CSDDD Guide 👇 𝐁𝐚𝐜𝐤𝐠𝐫𝐨𝐮𝐧𝐝 𝐨𝐟 𝐭𝐡𝐞 𝐄𝐔 𝐃𝐢𝐫𝐞𝐜𝐭𝐢𝐯𝐞: February 23, 2022, the EU Commission proposed a first version of CSDDD, leading to the provisional agreement with the EU Parliament on December 14, 2023. 𝐖𝐡𝐚𝐭, 𝐖𝐡𝐞𝐧 & 𝐇𝐨𝐰: 💡 The directive mandates that companies integrate human rights and environmental considerations into their operations and supply chains, including specific climate requirements. 💡 EU member states will have 2 years to transpose CSDDD into national law, with requirements starting in 3 years (2027) for the largest companies. 𝐓𝐡𝐞 𝐓𝐢𝐦𝐞𝐥𝐢𝐧𝐞 𝐟𝐨𝐫 𝐈𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧: ✔️ 3 years for companies with >5,000 employees and €1,500 million turnover. ✔️ 4 years for companies with >3,000 employees and €900 million turnover. ✔️ 5 years for companies with >1,000 employees and €450 million turnover. 𝐅𝐨𝐫 𝐖𝐡𝐨𝐦 𝐢𝐬 𝐭𝐡𝐞 𝐂𝐒𝐃𝐃𝐃 𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 & 𝐖𝐡𝐲: ✅ Large companies are now obligated to ensure that their operations, as well as those of their subsidiaries and business partners (entire supply chain), adhere to the new standards. ✅ If violations occur, companies must take appropriate measures to prevent, mitigate, or remedy the adverse impacts and will be held liable for damages, ensuring full compensation. 𝐖𝐡𝐚𝐭 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 𝐍𝐞𝐞𝐝 𝐭𝐨 𝐃𝐨 𝐚𝐛𝐨𝐮𝐭 𝐂𝐥𝐢𝐦𝐚𝐭𝐞: 💡 The directive requires affected companies to adopt climate transition plans in line with the Paris Agreement, tracking their Scope 3 impact and showing how they reduce GHG emissions along the supply chain. 💡 It's a significant step towards a climate compatible economy. Learn more about how to make your supply chain climate ready, apply now for the next Scope 3 Action Group starting in October 2024! Link in comments.

🌍 Dear Climate Champion, Friday Quiz Time! Let's talk Scope 3 Emissions – those emissions a company is indirectly responsible for across its value chain. Scope 3 represents the most difficult challenge on our shared net zero journey. Here's Why: 🌿 They can make up to 70% of a company's emissions and are often hidden in complex global supply chains. 🌿 Just 8 such supply chains account for more than 50% of global emissions. 🌿 Collaborative action at scale is essential, but often lacking. 𝐇𝐨𝐰 𝐃𝐨 𝐘𝐨𝐮 𝐓𝐚𝐜𝐤𝐥𝐞 𝐒𝐜𝐨𝐩𝐞 𝟑 𝐃𝐞𝐜𝐚𝐫𝐛𝐨𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧? A) Compliance & Reporting 📝 B) Gather Emission Factors 📊 C) Supplier Engagement 🤝 D) Investing in Actions 💡 Each and every company can lead the transformation by engaging their suppliers and support them in reducing their carbon footprints. We are racing against time, urgent, drastic emission cuts are needed by latest 2030 to avoid breaching the critical 1.5°C warming limit for good. 👇 Let's act now. Vote & Comment your answer below! To make Scope 3 Actions our Business (Link in Comments), see you at 5th Climate Transformation Summit in Berlin!

💡𝐇𝐨𝐰 𝐢𝐬 𝐂𝐁𝐀𝐌 𝐒𝐮𝐩𝐩𝐨𝐫𝐭𝐢𝐧𝐠 𝐢𝐧 𝐀𝐜𝐡𝐢𝐞𝐯𝐢𝐧𝐠 𝐍𝐞𝐭 𝐙𝐞𝐫𝐨 𝐆𝐨𝐚𝐥𝐬? Many wonder if CBAM stands for impact - or just another acronym. Let's dive into it! 🌍 What it stands for: The Carbon Border Adjustment Mechanism (CBAM) is a policy tool implemented by the European Union to address carbon leakage. It imposes a carbon price on imports of certain goods from outside the EU, ensuring that these goods face the same carbon costs as those produced within the EU under the EU Emissions Trading System (ETS). 🌍 Why it matters for the Climate Transition: CBAM levels the Net Zero playing field by adjusting carbon costs for imported goods, preventing companies from moving operations to countries with lax emission regulations. This is incentivizing lower emissions in third countries, aiming to align international trading with the Paris Agreement, promoting global emission reductions. 🌍 How Business potentially benefit: 💡 Competitiveness: CBAM protects EU industries from unfair competition by ensuring all goods entering the EU market adhere to similar carbon pricing. 💡 Revenue Recycling: Potential CBAM revenues could be used to help EU firms decarbonize, reducing their GHG emission intensity and supporting compliance with CBAM regulations. 💡 This can be especially beneficial for SMEs facing new compliance costs. 🌍 Recommendations: 📌 Companies need to gather specific climate data from their suppliers. 📌 In this context, emission-intensity data verification becomes increasingly important. 📌 CBAM is an additional EU tool to support our Net Zero targets, companies can use it to enhance competitiveness, increase the collaboration with their global partners, and contribute to a sustainable global economy. 🌍 Takeaways & Next Steps: Beside CBAM, also CSRD & CSDDD, require companies to enhance their Climate Action in the Supply Chain. Join us in the Scope 3 Action Group to tackle the Challenge together. Link in comments. -------- 𝘚𝘰𝘶𝘳𝘤𝘦: European Roundtable on Climate Change and Sustainable Transition Report, 2024. 𝘛𝘢𝘨𝘴: #ClimateAction #Decarbonization #Scope3 𝘐𝘯𝘷𝘪𝘵𝘢𝘵𝘪𝘰𝘯: Find this helpful? 🔗 and 🔔 for more.

🚀 From Targets to #Scope3Action in just 3 Months: Meet us at CHOICE Event #75 to join the Scope 3 Action Group! We're excited to share the amazing journey we’ve just concluded with the 2nd Batch of the Scope 3 Action Group - our 3-month Peer Learning Journey to accelerate Scope 3 Decarbonization! 🌍 In the second batch, 16 dedicated companies came together to take Scope 3 Action, and what a journey it has been! Here’s what they achieved in just 3 months: 📍 Built Understanding of Climate Data: #Sustainability and #procurement experts exchanged experiences and gained deep insights into climate-related data. 📍Launched Supplier Climate Data & #Engagement Program: Companies initiated programs to collect data and took the first steps to engage suppliers for decarbonization. 📍 Derived a Strategic Roadmap for Scope 3: Crafted detailed roadmaps to integrate carbon into procurement decisions and #SupplierManagement for continuous improvement. A BIG THANK YOU to all the participants for your fantastic energy - your hard work on Scope 3 Decarbonization is truly inspiring! We're thrilled to invite you to an insightful session with Scope 3 Action Group alumni Marcel Locher (International Sustainability Manager at Weleda AG) and Simon Pella (Senior Procurement Manager at Yanfeng International Automotive Co. Ltd.), alongside our very own Operations Manager Isabelle Fischer and CEO Yasha Tarani. ✔️ Learn in Masterclasses about Scope 3 data & decarbonization roadmapping ✔️ Join Networking for mutual support & shared Scope 3 Action journey ✔️ Gain Access to Climate Intelligence Platform and gather supplier data Together, they will share in CHOICE Event #75 experiences, challenges, and best practices on Scope 3 decarbonization. 📅 Date: Wednesday, 17th July 🕐 Time: 1 – 2 pm CEST, Online 👇 Registration for free, link in Event description.

🚀 Exciting Start to the Week: We're thrilled that THE CLIMATE CHOICE has been recognized as a top vendor in "Supply Chain Transparency" by the Zühlke ESG Tool Landscape Guide! 🚀 Why do Companies search for Sustainable Procurement Support? 📊 Supply chain transparency is crucial for achieving climate targets, as the supply chain accounts for nearly 90% of a company’s emission. 🔍 Failure to use digital tools can lead to lack of visibility into risks, regulatory non-compliance, and operational inefficiencies as Scope 3 data is missing. ✅ Conversely, utilizing IT tools can help companies stand out, appeal to sustainability-focused consumers, and ensure long-term viability and success. Extra: Insights into new Technologies! 🌐 AI-driven solutions are revolutionizing supply chain transparency by providing real-time visibility, predictive insights and an scalable approach to gather, analyse and use climate data from hundred and thousands of suppliers. This data-supported approach helps companies manage risks, improve efficiency, and ensure sustainable sourcing. Ready to Accelerate your Scope 3 Journey! Reach out to learn more and join us at the 5th Climate Transformation Summit to 'Make Scope 3 Action our Business!" Link in comments. 🚀