💚 Decarbonisation & Scope 3

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Hej, A new decarbonised offering has been brought to market, and full emission disclosure is becoming norm for corporations around the world. Dig into this week's love letter to learn more about our journey with DFDS and why Scope 3 emissions is such a hot topic. News DFDS x Another Tomorrow: Introducing Decarbonised Solutions DFDS, Northern Europe's largest integrated shipping and logistics company, is taking a groundbreaking step on their sustainability journey. Together, we are excited to introduce a transformative new decarbonised offering. The initiative not only reduces DFDS's carbon footprint, but also empowers their customers to in turn reduce their Scope 3 emissions effectively. DFDS's commitment to mitigating climate impact has led to a two-fold strategy: short-term improvements to existing operations and long-term innovation in green technologies and business models. To meet short-term goals, DFDS is adopting drop-in fuels with the potential to reduce emissions by up to 85% in vessels, and rolling out electric truck infrastructure with the potential to reduce emissions by up to 100%. The new Decarbonised Solutions enable customers to share in these reduction wins when shipping with DFDS. The emergence of Decarbonised Solutions was made possible through DFDS's commitment to sustainability together with a dynamic, prototype-led approach. By engaging with customer needs, continuously iterating, and meticulously navigating the complex policy landscape, DFDS, in partnership with Another Tomorrow, has forged a transformative path to emissions reduction. Head over to our blog to read more about the offering itself and the process of getting it to market. Curated Increased pressure on disclosing full Scope 1-3 emissions An aerial view of the Port of Long Beach at dusk (Allen J. Schaben / Los Angeles Times via Getty Images) Being able to accurately measure and report your emissions, and the progress of your reductions, will only become more and more important as pressure on disclosure intensifies. In climate regulatory news this week: California's governor announces he will sign a landmark climate disclosure bill that will compel major companies to publicly disclose their carbon dioxide emissions. As reported by Inside Climate Change and multiple other news outlets, the bill will compel corporations with over $1 billion in annual revenue to disclose comprehensive greenhouse gas emissions, encompassing their supply chain emissions (Scope 3 emissions). This is critical, as Scope 3 emissions account for up to 80% of many organisations' greenhouse gas emissions. This move, a U.S. first, could influence national and global climate regulations and financial markets. Proponents believe this legislation will bolster California's climate goals and empower stakeholders to make informed decisions, while critics argue that accurately tracking all supply chain emissions is unfeasible. Once signed, this law's ramifications could extend far beyond California, inspiring other states to adopt similar Scope 3 reporting mandates, setting a new industry standard, and putting pressure on federal regulators to follow suit. Even so, "the U.S. continues to lag behind other major global economies that have already passed laws that will soon require companies to report all their emissions, including Scope 3," said Danielle Fugere, president of the advocacy investor group As You Sow. “The California Legislature’s passage of (its disclosure bill) follows stringent regulatory disclosure requirements being developed in the EU and the U.K.,” she said. It’s “yet another signal that full-Scope 1-3 emissions reporting is the new norm, not the exception.” Read the full article here Recommended Food industry & Scope 3: A snapshot of food supply chain emissions Want more on Scope 3 emissions? CarbonCloud gives a snapshot of Scope 3 emissions in the food industry, concluding that while Scope 3 is finally taking center stage, there is a huge discrepancy between being aware of the importance of supply chain emissions and acting on supply chain emissions. For the intrigued, they list both some good and not-so-great things going on in regards to this, while also sharing insight on the blockers and how to fix it Dig into the details here Stay safe and stay curious!  / Karin & Team Another Tomorrow Seeing this for the first time? Sign up to the love letter here.