OPPORTUNITIES

• Efficiency and cost savings: A reduction in GHG emissions often corresponds to decreased costs and an increase in companies’ operational efficiency.
• Drive innovation: A comprehensive approach to GHG management provides new incentives for innovation in value chain management and product design.
• Increase sales and customer loyalty: Low-emissions goods and services are increasingly more valuable to consumers, and demand will continue to grow for new products that demonstrably reduce emissions throughout the value chain.
• Improve stakeholder relations: Improve stakeholder relationships through proactive disclosure and demonstration of environmental stewardship. Examples include demonstrating fiduciary responsibility to shareholders, informing regulators, building trust in the community, improving relationships with customers and suppliers, and increasing employee morale.
• Company differentiation: External parties (e.g. customers, investors, regulators, shareholders, and others) are increasingly interested in documented emissions reductions. A scope 3 inventory is a best practice that can differentiate companies in an increasingly environmentally-conscious marketplace.