About the scope 3 guidance
VCMI’s guidance on scope 3 emissions will offer a science-aligned approach for companies to take action on scope 3 greenhouse gas emissions that remain unabated. With an updated methodology, VCMI launched a public consultation on the beta Scope 3 Claim in September, 2024, seeking wide-ranging stakeholder input, to ensure the perspectives of diverse groups will be at the heart of this process.
The guidance on scope 3 action will be used to accelerate climate action, with high-quality carbon credits used in addition to, not as a substitute for, direct decarbonization of scope 3 emissions. The guidance will offer an additional tool for companies to deliver climate action through voluntary carbon markets, while they return to a scope 3 emissions trajectory, consistent with their net zero transition commitments.
To use the guidance, companies will need to be transparent about progress made on decarbonization, challenges they are facing, and remedies being put in place to address the barriers, in addition to purchasing and retiring high-quality carbon credits.