Perfect data is not required to promote change, however, incremental steps in data collection can immensely decrease Scope 3 emissions.
Organizations can enhance ESG proponents of corporations by concentrating on reducing their Scope 3 emissions, which could result in long-term benefits for these now more sustainable companies.
A recent PwC survey reported that of approximately 325 investors, nearly one-third have prioritized emission reduction targets. Firms focusing on these targets seek long-term operations as well as financial sustainability, as investing in ESG factors can yield substantial returns. However, future improvement in data efficiency is essential.