What is a Reduction Plan?

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What is the Reduction Plan?

The Reduction Plan is M2030's tool to support your decarbonization journey. The tool allows you to create a plan by shortlisting impactful actions at a manufacturing level. These actions may come from our action library, or you can create your own based on your internal operations.

The reduction plan acts as a centralized project management tool in which you can manage all your organization's decarbonization efforts. From here you can assign colleagues to actions, set target dates, and most importantly get expert tips & advice on how best to complete the action.

As you progress with your actions, you can add data for both environmental and financial savings. This data pulls through to your M2030 reports and can give your live projections based on your yearly measurements and reduction plan data. Through this reporting and project management, you can demonstrate to internal and external stakeholders your commitment and progress toward sustainability goals.

Why do I need to build up the reduction plans?

Scope 3 upstream can represent up to 70% of a company’s emissions across highly complex global value chains (World Economic Forum). Your reduction plan is crucial to your customers as they are committed to reducing their scope 3 emissions and require your collaboration to achieve their targets. The ask is not just to report your measurement data, but also to create a robust reduction plan and report your decarbonization journey through the platform.

So after entering your measurements, please make sure you've built a reduction plan (third step) before the campaign deadline. To find out more about your customers' requirements, please click here.

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