Worldly has introduced the Product Impact Calculator, a groundbreaking tool that allows apparel and consumer goods companies to obtain detailed, auditable, and actionable Scope 3 measurements for their product lines. This comes at a pivotal moment as these sectors, which derive over 90% of their emissions from Scope 3, strive to meet reduction targets and forthcoming reporting requirements.
The industry has been making concerted efforts to shift from averages, assumptions, or estimates to the collection and application of primary data. This shift aims to enhance environmental performance and expedite the reduction of the industry’s carbon footprint. Alex Lauver, Senior Director of Materials, Innovation & Sustainability at Outdoor Research, commends Worldly for creating a tool that propels this initiative on a global scale.
Automating Scope 3 Calculations
Previously, sustainability teams aiming to incorporate primary data and move beyond spend-based Scope 3 calculations found themselves entangled in spreadsheets for months. They were trying to consolidate various data about their products and supply chains. The Product Impact Calculator offers a solution to this problem. It enables sustainability teams to automate these labor-intensive, spreadsheet-based calculations by utilizing Worldly’s technology and comprehensive product and materials data. Existing Worldly customers can seamlessly integrate their primary supply chain data from the Higg Index.
The Product Impact Calculator from Worldly is a game-changer for the apparel and consumer goods sectors. By providing detailed, auditable, and actionable Scope 3 measurements, this tool enables companies to enhance their environmental performance and work towards reducing their carbon footprint. The automation of these calculations streamlines sustainability efforts and sets a new standard for data-driven decision-making in these industries.
