The cost of carbon as Scope 3 pressure mounts

Here are a few stories that caught our eye this week:

Article by Reuters

As the EU's Carbon Border Adjustment Mechanism (CBAM) transitions from its reporting-only phase to full implementation in January 2026, the implications for global trade, compliance obligations, and corporate strategy are becoming increasingly urgent for companies in scope. Many businesses are still grappling with the complexity of the mechanism, particularly amid evolving legislative developments and gaps in technical guidance.

Move to simplify climate reporting should help businesses disclosing their emissions, key standards bodies say.

Article by Consultancy.uk

Early progress on the road to net zero showed dramatic results, with firms racking up quick wins to downsize their carbon footprints. But a new L.E.K. Consulting study suggests that the hardest work is still to be done – at a time when investment in sustainability seems to have already peaked.

The technology is needed to limit global warming. But corporations are supporting it in lieu of emissions reductions.

Article by Smart Maritime Network

Procureship has partnered with Copenhagen-based climate data company ReFlow to launch a Scope 3 emissions reporting system integrated into its e-procurement platform.