• Slice of Agriculture
  • Posts
  • 3Degrees Launches New Solution to Help Meet Scope 3 Emissions Targets in Agricultural Supply Chains

3Degrees Launches New Solution to Help Meet Scope 3 Emissions Targets in Agricultural Supply Chains

Author

Slice of Agriculture Team
August 12, 2024

Key Highlights:

  • 3Degrees unveils Supply Chain Emission Reduction Agreement product.

  • Focus on food and apparel industries with North American agricultural supply chains.

  • Simplifies and de-risks investments in scope 3 emissions reduction.

  • Pay-for-performance model aligned with downstream purchasing needs.

Source (PR Newswire)

Notable Quote:

❝

"Our close collaboration with food and apparel brands has highlighted the pressing need for a simplified and de-risked approach to upstream emissions interventions. Our new service is tailored to deliver a high level of customization, paving the way for broader adoption of sustainable practices."

John Bourne, Senior Director of Carbon Markets and Agriculture at 3Degrees

Our Take:

3Degrees' new Supply Chain Emission Reduction Agreement product is a significant advancement for companies in the food and apparel sectors aiming to meet their scope 3 emissions targets. By offering a simplified and de-risked approach to sourcing and financing emissions reduction projects, 3Degrees addresses a critical pain point for organizations constrained by limited resources. The pay-for-performance model is particularly noteworthy as it aligns with downstream purchasing requirements, making it a scalable solution that can drive broader adoption of sustainable practices. This initiative not only strengthens supply chain resilience but also positions companies to meet evolving climate-related risks and stakeholder expectations.