Understanding and addressing all three scopes is crucial for comprehensive GHG management and mitigation strategies. Scope 3 is arguably the most challenging to tackle due to its indirect nature and broad spectrum, requiring extensive data collection and close collaboration with all stakeholders across the value chain. However, there is hope! Per BCG’s 2023 CO2 AI + BCG Carbon Emissions Survey, companies on a global level have made strides in increasing the measuring and reporting of their Scope 3 emissions. Furthermore, 75% and 54% of companies surveyed have joint reduction initiatives with suppliers and their customers respectively, showcasing the importance of collaboration upstream and downstream.