diff --git a/.yarn/versions/2f94a32c.yml b/.yarn/versions/2f94a32c.yml
new file mode 100644
index 000000000000..2d6a48f178d8
--- /dev/null
+++ b/.yarn/versions/2f94a32c.yml
@@ -0,0 +1,34 @@
+releases:
+  "@yarnpkg/cli": patch
+  "@yarnpkg/core": patch
+
+declined:
+  - "@yarnpkg/plugin-compat"
+  - "@yarnpkg/plugin-constraints"
+  - "@yarnpkg/plugin-dlx"
+  - "@yarnpkg/plugin-essentials"
+  - "@yarnpkg/plugin-exec"
+  - "@yarnpkg/plugin-file"
+  - "@yarnpkg/plugin-git"
+  - "@yarnpkg/plugin-github"
+  - "@yarnpkg/plugin-http"
+  - "@yarnpkg/plugin-init"
+  - "@yarnpkg/plugin-interactive-tools"
+  - "@yarnpkg/plugin-link"
+  - "@yarnpkg/plugin-nm"
+  - "@yarnpkg/plugin-npm"
+  - "@yarnpkg/plugin-npm-cli"
+  - "@yarnpkg/plugin-pack"
+  - "@yarnpkg/plugin-patch"
+  - "@yarnpkg/plugin-pnp"
+  - "@yarnpkg/plugin-pnpm"
+  - "@yarnpkg/plugin-stage"
+  - "@yarnpkg/plugin-typescript"
+  - "@yarnpkg/plugin-version"
+  - "@yarnpkg/plugin-workspace-tools"
+  - "@yarnpkg/builder"
+  - "@yarnpkg/doctor"
+  - "@yarnpkg/extensions"
+  - "@yarnpkg/nm"
+  - "@yarnpkg/pnpify"
+  - "@yarnpkg/sdks"
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 5fe446f1e04e..0add312a3608 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -43,6 +43,7 @@ The following changes only affect people writing Yarn plugins:
 - The patched filesystem now supports `ftruncate`.
 - The patched filesystem now supports `fchmod`.
 - Updates the PnP compatibility layer for TypeScript 4.8 Beta
+- The `npm_package_json` environment variable is now set by Yarn.
 
 ## 3.2.1
 
diff --git a/packages/acceptance-tests/pkg-tests-specs/sources/script.test.js b/packages/acceptance-tests/pkg-tests-specs/sources/script.test.js
index 2a4999b207de..d1a70ef2025f 100644
--- a/packages/acceptance-tests/pkg-tests-specs/sources/script.test.js
+++ b/packages/acceptance-tests/pkg-tests-specs/sources/script.test.js
@@ -1,4 +1,4 @@
-const {npath, ppath, xfs} = require(`@yarnpkg/fslib`);
+const {npath, ppath, xfs, Filename} = require(`@yarnpkg/fslib`);
 const {isAbsolute, resolve} = require(`path`);
 
 const {
@@ -157,6 +157,7 @@ describe(`Scripts tests`, () => {
       expect(env).toMatchObject({
         npm_package_name: `helloworld`,
         npm_package_version: `1.2.3`,
+        npm_package_json: npath.join(npath.fromPortablePath(path), Filename.manifest),
       });
     }),
   );
diff --git a/packages/gatsby/content/advanced/lifecycle-scripts.md b/packages/gatsby/content/advanced/lifecycle-scripts.md
index fc00b8e9e355..b04e7c6de546 100644
--- a/packages/gatsby/content/advanced/lifecycle-scripts.md
+++ b/packages/gatsby/content/advanced/lifecycle-scripts.md
@@ -45,6 +45,8 @@ When running scripts and binaries, some environment variables are usually made a
 
 - `$npm_package_version` is its version.
 
+- `$npm_package_json` is the absolute path to its `package.json`.
+
 - `$npm_execpath` is the path to the Yarn binary.
 
 - `$npm_node_execpath` is the path to the Node binary.
diff --git a/packages/yarnpkg-core/sources/scriptUtils.ts b/packages/yarnpkg-core/sources/scriptUtils.ts
index 6aa4fdd3ea8a..3004405925ac 100644
--- a/packages/yarnpkg-core/sources/scriptUtils.ts
+++ b/packages/yarnpkg-core/sources/scriptUtils.ts
@@ -158,6 +158,26 @@ export async function makeScriptEnv({project, locator, binFolder, lifecycleScrip
 
     scriptEnv.npm_package_name = structUtils.stringifyIdent(locator);
     scriptEnv.npm_package_version = version;
+
+    let packageLocation: PortablePath;
+    if (workspace) {
+      packageLocation = workspace.cwd;
+    } else {
+      const pkg = project.storedPackages.get(locator.locatorHash);
+      if (!pkg)
+        throw new Error(`Package for ${structUtils.prettyLocator(project.configuration, locator)} not found in the project`);
+
+      const linkers = project.configuration.getLinkers();
+      const linkerOptions = {project, report: new StreamReport({stdout: new PassThrough(), configuration: project.configuration})};
+
+      const linker = linkers.find(linker => linker.supportsPackage(pkg, linkerOptions));
+      if (!linker)
+        throw new Error(`The package ${structUtils.prettyLocator(project.configuration, pkg)} isn't supported by any of the available linkers`);
+
+      packageLocation = await linker.findPackageLocation(pkg, linkerOptions);
+    }
+
+    scriptEnv.npm_package_json = npath.fromPortablePath(ppath.join(packageLocation, Filename.manifest));
   }
 
   const version = YarnVersion !== null