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The PACT (Partnership for Carbon Transparency) methodology, introduced at COP26, standardizes carbon emissions reporting for companies, promoting transparency and collaboration to reduce Scope 3 emissions. Muir AI accelerates PACT adoption by automating product carbon footprint data, enabling faster, more accurate emissions tracking and reduction across supply chains, giving businesses a sustainability edge.
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In 2021 at COP26, members of the World Business Council for Sustainable Development introduced an updated, standardized, and industry agnostic methodology for companies to report Scope 3 carbon emissions with one central goal: reductions. What they presented has since become the PACT (Partnership for Carbon Transparency) methodology, and has been adopted by countless corporations around the world on the road to net-zero. The PACT methodology offers a clear path for organizations to reduce product carbon footprints and manage supply chain emissions, with the goal to encourage openness and collaboration to win the day and reduce emissions. At Muir AI, we’re focused on bringing autonomously created product carbon footprints, in line with the PACT methodology, to companies wishing to supercharge their primary data collection and drive meaningful reductions in their value chains.
Understanding the PACT Pathfinder Framework
The PACT framework helps businesses calculate and communicate product life cycle emissions, aligning with global sustainability goals like the Paris Agreement. It standardizes carbon accounting and ensures the distribution of verified data, fostering informed decisions and collective progress in sustainability.
Key Components of PACT
In it’s most simple form, the framework aims to decrease the occurrences of poor data quality across industries, standardize how that data is shared across value chains and, last but not least, aligns guidelines and approaches for reporting PCFs. This transparency aligns industry practices toward shared goals across industries such as the push to adopt SBTi and net-zero targets by as early as 2023. The framework's roadmap for data validation encourages reducing carbon footprints and managing supply chain emissions, both of which have been areas corporations for so long have struggled to wrap their heads around.
The PACT Framework enables businesses to track and reduce carbon footprints, crucial for regulatory compliance and meeting consumer expectations. It offers insights into supply chain emissions for targeted interventions and resource management. By focusing on data integrity and exchange, it builds trust throughout the value chain, enhancing operational efficiencies. Aligning with PACT positions companies as sustainability leaders, providing a competitive edge and attracting eco-conscious stakeholders.
Muir AI enables companies with the ability to quickly adopt PACT by unlocking PCFs at scale with Carbon Origin’s dynamic insights, which illuminate aspects of supply chains that could be hot spots or flagged as areas of improvement. Muir’s platform enables companies to deliver PACT compliant data in minutes, rather than days, or even weeks, to their customers.
On top of that, Muir’s platform identifies opportunities for emission reductions throughout the supply chain focusing first on the product level and quickly imagining the true scope of emissions for entire portfolios. Muir AI promotes seamless data exchange compliant with PACT, enhancing collaboration with partners for consistent emissions reporting, while its intuitive interface accelerates implementation and achieves cost-effective emission reductions.
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