All
the indirect emissions happening in the value chain of a company
comes under scope 3 emissions.
The
pros of Scope 3 emissions are
- It helps to evaluate the chain of supply and identify the
hotspots of emissions.
- Assess the performance of the suppliers and identify the best
and worst ones.
- Helps to produce the goods with more efficiently using the
available energy sources.
- Helps to identify the suppliers which imbibes the notion of
sustainability.
The
cons of Scope 3 emissions are
- The whole process is very complicated.
Carbon
offsetting strategies
- Using more of renewable energy- this will also induce more
companies to follow the same strategy.
- Introducing a system of waste management where the methane
generated as industrial waste is converted to carbon dioxide which
has less potential for global warming.
- Increasing energy and fuel efficiency.
- Destroying the pollutants generated as a result of the
industrial activities at their source itself
These
strategies can contribute to the sustainability of the country at
the economic and social level.