The procurement gap in corporate climate strategy
Corporate climate goals increasingly depend on procurement. Companies need lower-carbon inputs, lower-carbon logistics, and lower-carbon industrial production.
But many procurement teams are not equipped with the tools required to influence upstream commodity markets.
The industrial decarbonization procurement toolkit
| Tool | Best use |
|---|---|
| Supplier engagement | Improving data, targets, and actions among direct suppliers. |
| Physical low-carbon procurement | Buying lower-carbon materials directly where feasible. |
| Long-term offtake | Supporting project finance and supply development for strategic inputs. |
| Commodity EACs | Supporting verified lower-carbon production when physical procurement is constrained. |
Why commodity EACs belong in the toolkit
Commodity EACs help buyers support decarbonization in the industrial systems connected to their Scope 3 inventories, even when direct procurement is not yet possible.
S3 Markets as procurement infrastructure
S3 Markets provides infrastructure for one critical part of this toolkit: commodity EAC issuance, transfer, retirement, and documentation.