As we understand that not only us, but partners and customers are also facing new sustainability regulations, we started developing a tool to calculate the CO2 equivalent value per assembly. This tool will enable all of us to monitor and reduce our carbon footprint more effectively.
Our final goal is to enhance our efforts to calculate and reduce Scope 3 emissions. Scope 3 emissions are indirect greenhouse gas emissions that occur in our value chain, both upstream and downstream, and are not covered by Scope 1 (direct emissions from owned or controlled sources) or Scope 2 (indirect emissions from the generation of purchased electricity, steam, heating, and cooling consumed by the company). Examples of Scope 3 emissions include those from purchased goods and services, business travel, employee commuting, waste disposal, use of sold products, and transportation and distribution not owned by the company.
By automating the calculation of inbound reporting and decreasing transport movements, especially by air, through improved stock and purchase management, we aim to lower our carbon footprint. This comprehensive approach ensures we address the largest portion of our overall emissions, leading to a more sustainable operation.