Decarbonizing Supply Chains: A Scope 3 Playbook for IndiaW H I T E P A P E RJ A N U A R Y 2 0 2 4In collaboration withKearney and ObserverResearch FoundationContentsCover Image: SvitlanaBelinska @GettyImages© 2024 World Economic Forum. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, including photocopying and recording, or by any information storage and retrieval system.Disclaimer This document is published by the World Economic Forum as a contribution to a project, insight area or interaction. The findings, interpretations and conclusions expressed herein are a result of a collaborative process facilitated and endorsed by the World Economic Forum but whose results do not necessarily represent the views of the World Economic Forum, nor the entirety of its Members, Partners or other stakeholders.ForewordExecutive summaryIntroduction1 Decarbonizing supply chains: Challenges in India2 Scope 3 emissions reduction: A playbook for IndiaA holistic framework for Scope 3 emissions reduction2.1 Step 1: Create Scope 3 baseline and develop data strategy 2.2 Step 2: Set science-based and business targets2.3 Step 3: Develop upstream/downstream carbon reduction strategy2.4 Step 4: Define organizational enablers2.5 Step 5: Build roadmap and business case3 Enabling the Scope 3 transformation: Ten imperatives for government actionConclusionContributorsEndnotes030405111516172021303335404142Decarbonizing Supply Chains: A Scope 3 Playbook for India2ForewordIn an era defined by global interconnectivity and growing environmental concerns, the imperative to address climate change has never been more pressing. The journey towards decarbonization is not merely a moral or environmental obligation, but is essential for securing the collective future of humankind. The global challenge of climate change calls for collective and concerted action, transcending geographical boundaries and industry sectors. At this pivotal juncture in human history, it is evident that the path forward must be one guided by sustainability and environmental stewardship. In this endeavour, the role of businesses and supply chains cannot be overstated.This report by the World Economic Forum, Kearney and Observer Research Foundation (ORF) presents a vital blueprint for Indian businesses, policy-makers and stakeholders. It underscores the critical importance of tackling Scope 3 emissions, which constitute a significant proportion of a company’s carbon footprint but often remain unaddressed due to their complex, interconnected nature.Specifically, given India’s rapid industrialization and its burgeoning economy, the need to align economic growth with environmental responsibility has never been more pronounced. This report reflects our commitment to equipping Indian organizations with the knowledge, strategies and tools needed to navigate the multifaceted challenge...
