Frequently Asked Questions

Lock Two Three provides an innovative platform for linking value chain Scope 2 decarbonization with an organization’s Scope 3 emissions. Our Renewable Energy Certificate (REC) redemption label and audit trail ensure traceable and exclusive benefits for reporting organizations.

No, Lock Two Three is not a consultancy. We offer a specialized platform and methodology enabling organizations to accurately associate REC redemptions with their portion of their value chain partner’s electricity consumption and resultant Scope 2 emissions.

Scope 3 emissions are indirect greenhouse gas emissions occurring throughout a company’s value chain, encompassing both upstream and downstream activities. These emissions stem from operations not directly controlled by the company.

Effectively managing Scope 3 emissions, particularly from purchased electricity in the supply chain (Scope 3, Category 1: Purchased Goods and Services or Category 11: Use of Sold Products), is crucial for comprehensive carbon footprint management and accurate renewable energy reporting.

Lock Two Three offers a unique system to accurately associate REC redemptions with a reporting organization’s portion of their value chain’s electricity consumption and emissions. This ensures that only the organization initiating the redemption realizes the benefits, enhancing transparency and accuracy in renewable energy reporting.

We serve diverse industries needing to account for Scope 3 emissions in their value chains, including manufacturing, retail, F&B, and technology sectors.

To start working with us, contact us through our website’s contact form or email us directly at info@Lock23.com. After passing Know Your Client (KYC) checks, you will gain access to our platform.

Our engagement process follows three stages:

• Step 1: Onboarding
  • Submit and pass KYC checks.
• Step 2: Data Collection
  • Provide information on supply chain facilities, suppliers, commodities (supply sheds), or sold product electricity consumption for which you wish to claim decarbonization efforts.
• Step 3: REC Procurement
  • Procure the specified RECs and link the RECs to your Scope 3 emissions in order to generate a LockStatement.

Our methodologies are based on Greenhouse Gas Protocol (GHGP) leading practices.

We provide varying levels of assurance on the Lock Statement based on selected methodologies and standards, ensuring a rigorous and transparent process for data reliability and accuracy.

We collect data relevant to your supply chain facilities, suppliers, commodities (supply sheds) and use of sold products that are necessary for REC redemption and Scope 3 emissions decarbonization. This may include geographic locations, total electricity consumed, and specific facility details.

While we do not assist directly with sustainability reporting, we provide a clear, auditable trail of Scope 3 emissions decarbonization.

Lock Two Three is headquartered in Wyoming, USA, and we offer our services internationally, working with clients across various regions to provide tailored support and local expertise.

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