Energy transition experts say many businesses have more than 70 per cent of their carbon footprint coming from Scope 3 emissions and are urging corporate leaders to take climate action as the technology and funding already exists.

Scope-3 emissions are greenhouse gases caused by supply chain processes or a result of products, exports or services not controlled directly by the organisation.

Julian McCarthy, Partners in Performance Director of energy transition in Australia and New Zealand, says this includes emissions arising from investments and leased assets, the use of sold products, or transportation and distribution.

“Scope 3 emissions are greenhouse gases caused by supply chain processes, or a result of products, exports or services not controlled directly by the organisation,” explains Julian McCarthy.