Emissions from freight transportation are classified as Scope 3 emissions or indirect emissions that represent the entire life cycle of a product or service, including emissions from suppliers, customers, and other stakeholders in the value chain. These emissions typically represent the largest portion of an organization's total emissions.
To date, most companies have prioritized the collection of Scope 1 and 2 emissions while deferring Scope 3 emissions calculation projects to a later date. This trend is expected to change in 2024 as more companies are expected to prioritize the collection and reporting of their Scope 3 GHG emissions.
In January 2023 the Corporate Sustainability Reporting Directive (CSRD) established the European Union’s framework for sustainability reporting. Reporting requirements were expanded to include Scope 3 emissions using a phased approach based on a company’s size. So if you are or work with an EU-based company, you may be required to provide Scope 3 emission reports to help customers and vendors stay in compliance.
Download the whitepaper to learn what PITT OHIO has been doing to track Scope 3 emissions and how your company can benefit from tracking emissions.