Ricardo Energy & Environment
We are proud to be working alongside Ricardo, a strategic environmental and engineering consulting company, to give companies across the value chain the confidence they need to rapidly reduce carbon emissions and meet their climate targets.
This collaborative approach combines Ricardo’s vast experience in strategy development and environmental impact assessments with M2030’s robust supplier engagement, reporting, and carbon reduction management platform.
The shared capabilities between ourselves and Ricardo help global brands to better understand where hotspots of Scope 3 emissions sit within products within the supply chain, with suppliers then being supported to implement decarbonisation projects and programs more successfully, ensuring emission reduction targets are met with much greater certainty.
Product Carbon Footprints
As well as conducting detailed Scope 3 inventories and engaging suppliers at a site-level to measure and reduce carbon impacts from day one, the partnership looks to address the increasing demand for more accurate supplier-specific product carbon footprints (PCFs). Central to this is the ability to complement industry average emission factors with primary data collected directly from suppliers, which not only enhances the accuracy of the modelling behind a PCF, but also highlights where and what improvement interventions should be targeted and implemented.
As the number of large companies committing to Science-Based carbon reduction targets continues to grow, the focus is shifting away from understanding retrospective performance to a need to look forward and accurately estimate progress towards future targets. The combination of Ricardo’s scenario planning expertise and M2030 forward looking ‘glidepath’ reporting, which is underpinned by building and implementing impact reduction action plans, provides senior leadership teams in large multi-national corporations with mappable pathways to decarbonise their supply chains.
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