What are scope 1,2,3, and why is a single view of your supply chain both necessary and a big advantage?
Scope 1 and 2 are mandatory to report, whereas scope 3 is voluntary (for now) and the hardest to monitor. However, companies succeeding in reporting all three scopes will gain a competitive advantage whilst making a positive impact.
Businesses who are seizing the opportunity to report on scope 3 will find this creates a differentiator. Through taking on scope 3 early, businesses can surface efficiencies in their connected business process, working and sharing data with their wider supply chain whilst demonstrating they are at the forefront of driving change.
At Platform8 we help connect value chains in trusted digital communities that balance the collaboration required for sharing data for scope 3 insights with remaining competitive through impact beneficiary trading.
So, if you are thinking about how to share data with your customers and partners for their scope three evidence, and how to receive data for your own reporting then contact us today.