Greenhouse gas monitoring, sometimes described as Scope 1, Scope 2 or Scope 3, refers to the practice of tracking and measuring the emissions of greenhouse gases that are generated by a company's operations, including its supply chain, production processes, and transportation. This involves gathering data on the consumption of energy and raw materials, as well as emissions generated during production and transportation activities. The purpose of greenhouse gas monitoring as a business is to identify areas of high emissions and develop strategies to reduce them, with the ultimate goal of mitigating the impact of climate change. This practice is becoming increasingly important for businesses as governments and consumers demand greater accountability and action on climate change.

The emissions are split into 3 ‘scopes’:

Scope 1 – Are direct greenhouse gas emissions from company-owned or controlled sources, such as emissions from combustion in boilers or vehicles.

Scope 2 – Are indirect greenhouse gas emissions from the generation of purchased electricity, heat, or steam consumed by the organization.

Scope 3 - Are indirect emissions from activities outside of the organization's control, such as emissions from the production of purchased materials, employee commuting, or waste disposal.

Greenhouse gas monitoring, sometimes described as Scope 1, Scope 2 or Scope 3, refers to the practice of tracking and measuring the emissions of greenhouse gases that are generated by a company's operations, including its supply chain, production processes, and transportation. This involves gathering data on the consumption of energy and raw materials, as well as emissions generated during production and transportation activities. The purpose of greenhouse gas monitoring as a business is to identify areas of high emissions and develop strategies to reduce them, with the ultimate goal of mitigating the impact of climate change. This practice is becoming increasingly important for businesses as governments and consumers demand greater accountability and action on climate change.

The emissions are split into 3 ‘scopes’:

Scope 1 – Are direct greenhouse gas emissions from company-owned or controlled sources, such as emissions from combustion in boilers or vehicles.

Scope 2 – Are indirect greenhouse gas emissions from the generation of purchased electricity, heat, or steam consumed by the organization.

Scope 3 - Are indirect emissions from activities outside of the organization's control, such as emissions from the production of purchased materials, employee commuting, or waste disposal.

Greenhouse gas monitoring, sometimes described as Scope 1, Scope 2 or Scope 3, refers to the practice of tracking and measuring the emissions of greenhouse gases that are generated by a company's operations, including its supply chain, production processes, and transportation. This involves gathering data on the consumption of energy and raw materials, as well as emissions generated during production and transportation activities. The purpose of greenhouse gas monitoring as a business is to identify areas of high emissions and develop strategies to reduce them, with the ultimate goal of mitigating the impact of climate change. This practice is becoming increasingly important for businesses as governments and consumers demand greater accountability and action on climate change.

The emissions are split into 3 ‘scopes’:

Scope 1 – Are direct greenhouse gas emissions from company-owned or controlled sources, such as emissions from combustion in boilers or vehicles.

Scope 2 – Are indirect greenhouse gas emissions from the generation of purchased electricity, heat, or steam consumed by the organization.

Scope 3 - Are indirect emissions from activities outside of the organization's control, such as emissions from the production of purchased materials, employee commuting, or waste disposal.

Spend analysis, sometimes Spend Analytics, is the process of collecting, categorizing, and analyzing an organization's spend data to gain insights into its purchasing patterns and identify opportunities for cost savings and process improvements. Spend analysis is essential to procurement and supply chain management, providing critical information for decision-making and strategic planning.

The spend analysis process typically involves collecting data from various sources, such as purchase orders, invoices, and payment records. The data is then cleaned, consolidated, and categorized to provide a comprehensive view of the organization's spending across different categories, suppliers, and locations.

Once the data is analyzed, spend analysis can help organizations to identify areas of excessive spending, negotiate better pricing with suppliers, optimize their procurement processes, and improve their overall efficiency and performance. Spend analysis can also help organizations to monitor compliance with purchasing policies and regulations and identify potential risks and opportunities for innovation.

Spend analysis, sometimes Spend Analytics, is the process of collecting, categorizing, and analyzing an organization's spend data to gain insights into its purchasing patterns and identify opportunities for cost savings and process improvements. Spend analysis is essential to procurement and supply chain management, providing critical information for decision-making and strategic planning.

The spend analysis process typically involves collecting data from various sources, such as purchase orders, invoices, and payment records. The data is then cleaned, consolidated, and categorized to provide a comprehensive view of the organization's spending across different categories, suppliers, and locations.

Once the data is analyzed, spend analysis can help organizations to identify areas of excessive spending, negotiate better pricing with suppliers, optimize their procurement processes, and improve their overall efficiency and performance. Spend analysis can also help organizations to monitor compliance with purchasing policies and regulations and identify potential risks and opportunities for innovation.