Retailers could reduce their Scope 3 emissions by 15% by 2030 using existing technologies, or achieve up to a 50% reduction with new technologies, according to a recent report from McKinsey & Company.

Scope 3 emissions are the indirect emissions generated throughout a company’s value chain, covering activities from sourcing and manufacturing to transportation and beyond.

Unlike Scope 1 and 2 emissions, which are directly controlled by businesses and usually account for only about 5% of total emissions, Scope 3 emissions represent the vast majority of a retailer’s carbon footprint.

Read the full article on Procurement Magazine here.