The future is being designed with cleaner, more sustainable and ecologically conscious traits. Companies around the world, especially carbon-intensive ones, are taking the lead in this environmental revolution by investing in renewable energy sources and reducing their carbon footprint. A strategic transformation that not only corresponds to the growing social and investor demand for sustainable actions, but also serves as a preparation for possible new environmental legislation and a competitive differential in the international market.
The Brazilian industry, notably, already demonstrates an innovative profile in this context, with 48% of its energy matrix coming from renewable sources, such as charcoal, hydraulic energy, sugarcane derivatives, wind and solar energy. This contrasts with the global average of 15% renewable energy, bringing Brazil a significant competitive advantage, especially for electro-intensive industries such as cement, steel and chemicals, which see the energy transition as a way to stand out in the international journey of decarbonization.
Despite this progressive shift towards cleaner energy sources, the energy transition is not limited to changing the consumption matrix. It also involves a careful analysis of all greenhouse gas emissions along the value chain, including indirect emissions, also known as Scope 3.
Scope 3 emissions represent GHG emissions that occur in a company’s value chain, such as those arising from suppliers, transport and the end use of products. However, few companies are considering these emissions in their decarbonization strategy, according to some experts. This presents a challenge, but also a significant opportunity to step up the energy transition and move towards a more sustainable future.
Considering Scope 3 emissions means embracing a holistic view of corporate sustainability. This requires a close look at operations and a deep understanding of the supply chain and the impact of post-consumer products. These analyzes make it possible not only to identify the points of greatest environmental impact, but also to find opportunities to implement improvements, whether through technological innovations, changes in processes or even changes in the selection of suppliers.
It is clear that the energy transition is more than a simple exchange of energy sources; it is a paradigm shift that requires a total commitment to sustainability in all of the company’s operations.
The era of sustainability is not in the future, but present now. What was previously seen as an option has become a strategic imperative. Companies that embrace this transformation and take responsibility for reducing emissions across their entire scope will not only comply with increasing regulatory pressures, but also gain a competitive advantage in the global marketplace.
Additionally, transitioning to clean energy and including Scope 3 in your decarbonization strategies can open up a whole new range of business opportunities. Innovations in sustainable technologies and market demand for greener solutions have the potential to generate new products, services and markets.
However, it is important to highlight that this change is not an easy task. It requires commitment, investment and a shift in mindset, both at the corporate and individual level. Companies will need to work collaboratively with suppliers, customers, investors and regulators, with the common goal of reducing their environmental impact.
The inclusion of Scope 3 in decarbonisation strategies is also a matter of transparency and accountability. By considering indirect emissions, companies are demonstrating to the market that they take their environmental responsibility seriously, and that they are ready to adapt and innovate in response to demands for a more sustainable future.
In short, the energy transition and inclusion of Scope 3 in decarbonization strategies are not only necessary steps to mitigate climate change, but also an opportunity to lead in a rapidly evolving world. Leaders who understand and act on this fact will not only have a significant impact on reducing global carbon emissions, but will also be at the forefront of a new era of innovation and sustainable prosperity.