The PwC Solvers Challenge is an annual competition that encourages PwC teams from around the world to develop innovative solutions to the most pressing challenges faced by businesses and society today. In 2022, the PwC Africa's Net Zero team’s innovative Value Chain Sustainability Insights tool awarded them first place in this global challenge.
This reporting tool harnesses the power of data analytics to quantify and analyse their scope 1, 2 and 3 emissions. This, in turn, empowers organisations to make informed decisions and take decisive action in selecting suppliers who align with their sustainability goals. With its self-service approach, the tool requires no implementation, eliminating both implementation costs and lengthy lead times. Additionally, the tool's web-based SaaS model and low annual cost make it accessible to a wider range of companies.
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Source: https://climateactionnavigator.oliverwymanforum.com/scope-3-emissions
As the world works towards a net zero economy to meet the objectives of the Paris Agreement, organisations are faced with the formidable challenge of decarbonising their operations. While some companies have made strides in understanding and reducing their operational emissions (Scope 1 and 2), mapping and managing value chain emissions (Scope 3) remains a significant challenge. Scope 3 emissions often constitute the largest portion of an organisation's carbon footprint, accounting for, on average, 69% across all industries.
The PwC Value Chain Sustainability Insights brings automated emissions reporting to an organisation's supply chain.
Allowing business leaders to understand where in their supply chain these emissions come from, how to track emissions and gain insights on how to actively reduce emissions.
PwC's Value Chain Sustainability Insights offers a streamlined, cost-effective, and accessible solution for organisations seeking to manage their supply chain emissions, setting it apart from the more resource-intensive and costly alternatives in the market. Benefits include:
Self-service approach eliminates the need for implementation
No implementation costs
Immediate results upon adoption
Low annual cost
Web-based SaaS model ensures accessibility
Comprehensive database for accurate emissions data
PwC Africa's Value Chain Sustainability Insights showcases how innovative solutions can help tackle the complex challenges facing our clients, our network, and society as a whole.
As organisations continue to grapple with the urgent need to reduce greenhouse gas emissions, tools like the Value Chain Sustainability Insights will become increasingly vital. By empowering organisations to accurately measure, report, and manage their supply chain emissions, PwC Africa's Net Zero team is not only helping clients meet their sustainability targets but also contributing to the global effort to combat climate change.
If you would like to learn more about how this tool can help your organisation’s sustainability reporting, we invite you to reach out to our Net Zero team.