Worldly Unveils Innovative Emissions Calculator for Companies

Worldly Introduces the Product Impact Calculator

At the recent customer forum held in Munich, Worldly, a leading name in supply chain sustainability, unveiled its latest tool - the Product Impact Calculator. This innovative solution is designed especially for apparel and consumer goods companies, enabling them to compute their Scope 3 emissions in minutes. By leveraging Worldly's ability to gather standardized primary supply chain data, the Product Impact Calculator provides quick access to actionable, auditable, and precise emissions measurements across product lines.

Why Scope 3 Emission Calculations Matter

Addressing Industry Challenges

As evidenced by research, over 90% of emissions in the apparel and consumer goods sectors originate from Scope 3 sources. This highlights the urgency for companies to adopt effective measurement tools. Alex Lauver, Senior Director of Materials, Innovation & Sustainability at Outdoor Research, remarked on the significant shift in the industry toward collecting and applying primary data. The need to move away from averages and assumptions has become more critical than ever, allowing businesses to enhance their environmental performance rapidly.

Time-Saving Automation

The automation of traditionally labor-intensive processes is another key benefit of the Product Impact Calculator. Previously, sustainability teams faced the daunting task of manual data compilation through spreadsheets, making the process painstakingly slow. The new tool not only simplifies this task but also enhances accuracy by utilizing individual purchase orders, supply chain operations data, and product specifications, thus enabling faster and more reliable calculations.

Integrating with Existing Data

Collaboration with Leading Methodologies

Worldly's Product Impact Calculator can easily integrate with the Higg Index, a comprehensive suite of tools developed by the global nonprofit alliance Cascale (formerly known as the Sustainable Apparel Coalition). This integration allows users to fine-tune their calculations using primary data, ensuring robust results for emission reporting. Moreover, users can be assured of being audit-ready, as the tool's methodology has received limited assurance from Apex, a respected entity in the field.

Real-World Applications and Testimonials

Industry leaders have already begun to realize the potential of this tool. Kelly Hughes, the Senior Sustainability Manager at Ruffwear, emphasized the notable speed and usability of the Product Impact Calculator. She noted that it could transform how companies monitor their greenhouse gas budgets, likening it to a financial budgeting process.

Continuous Innovation at Worldly

Worldly continues to push boundaries. This announcement follows the launch of the Facility Data Manager, another tool designed to provide timely and validated environmental data from supply chains. With their expansive supplier network and deep industry expertise, Worldly is well-positioned to help businesses deliver meaningful insights and achieve their sustainability ambitions.

About Worldly

Worldly has established itself as a premier sustainability data platform, trusted by over 40,000 top-tier brands, retailers, and manufacturers across various sectors, including fashion, outdoor, home goods, toys, and more. By providing high-resolution data specific to companies’ value chains and operations, Worldly enables businesses to accurately assess their impacts related to carbon, water, and labor. Their offerings help clients adapt to evolving regulatory requirements and meet the demands of a conscious consumer base.

Frequently Asked Questions

What is the Product Impact Calculator?

The Product Impact Calculator is a tool developed by Worldly that allows companies to quickly calculate their Scope 3 emissions using comprehensive primary supply chain data.

How does Worldly ensure data accuracy?

Worldly collects high-resolution primary data and employs methodologies that have been validated, ensuring that companies' emissions reports are both accurate and auditable.

Who can benefit from using the Product Impact Calculator?

Apparel and consumer goods companies looking to improve their sustainability measures and effectively track Scope 3 emissions will find this tool particularly useful.

What technologies does the Product Impact Calculator integrate with?

The Product Impact Calculator can easily integrate with the Higg Index, allowing users to refine their emissions calculations using established primary data methodologies.

How can Worldly help companies meet their sustainability goals?

By offering innovative tools like the Product Impact Calculator and Facility Data Manager, Worldly aids companies in obtaining accurate environmental data, enabling them to track progress and comply with sustainability standards.

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