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SLB is among the 2024 Reuters Sustainability Awards finalists in the Net Zero: SupplyChainDecarbonization category. The supplychaindecarbonization category showcases sustainable supplychain practices and highlights how companies are managing and transforming their supplychain to reduce GHG emissions. Finalists
The company aspires to have its own carbon neutral supplychain by 2040 and recently extended its 100% renewable electricity target to all suppliers. . This effort aligns with Ørsted’s own net-zero by 2040 supplychain initiative - we understand firsthand that in the realm of decarbonization there are no competitors, only partners.
The new partnership aims to advance decarbonization throughout Clorox's value chain through the collection of emissions data, jointly identified and defined actions for reduction and continuous upskilling. "As OAKLAND, Calif., M2030 is designed to help suppliers measure, manage and reduce carbon emissions.
While corporations are increasingly committed to supplychain sustainability, with nearly 70% actively working to help suppliers decarbonize, the path to progress is hindered by fragmented data and organizational silos, the company added, with the lack of primary data on supplychain emissions a prime reason.
DESCRIPTION: Decarbonising renewable energy supplychains is a challenge no company can solve by itself. We caught up with Van Oord, one of our strategic suppliers, to get their perspectives on supplychain decarbonisation. Read more at: [link]. C initiative. Headquartered in Denmark, Ørsted employs 6,836 people.
Deutsche Bank announced the publication of its initial Transition Plan, outlining the bank’s methodologies, targets and achievements on its path to net-zero by 2050, across its own operations and supplychain, as well as financed emissions. This will allow us to continuously refine our own Transition Plan.”
According to the White House statement announcing the new proposals, the supplychain is a major source of the federal government’s emissions footprint, responsible for more than twice the emissions of its 300,000 buildings and 600,000 vehicles combined. The new rules would require all federal contractors with over $7.5
The Barron’s accolade follows CBRE’s achieving an A- performance score from CDP on its 2023 climate change disclosure. CDP’s annual climate change disclosure and scoring process is recognized as the global standard of corporate transparency on climate impacts, risks and opportunities.
DESCRIPTION: LAUSANNE, Switzerland, December 20, 2022 /3BL Media/ - Tetra Pak has been recognised for leadership in corporate transparency and performance on climate change and forests by global environmental non-profit CDP , securing a place on its prestigious ‘A List’ for the fourth year running. C without nature.
Key risks and opportunities include: Increased frequency and severity of storms, floods, and heatwaves that can disrupt supplychains, damage infrastructure, and impact workforce availability. It includes aggressive decarbonization through rapid deployment of renewables, electrification of transport, and energy efficiency improvements.
Schneider Electric’s strong performance spans what was the hottest year on record – serving to highlight the importance of collective action to decarbonize business operations and value chains to avoid the worst effects of global warming and accelerate the transition to a cleaner, fairer world.
The Net Zero goal, i.e. reduction of greenhouse gas emissions and the subsequent removal of residual emissions to as close to zero as possible along the entire value chain , is at the heart of the European Green Deal and considered crucial to limiting global warming to well below 2°C in line with the Paris Agreement.
This includes our direct operational GHG emissions such as from manufacturing processes at our three fabs and our cogeneration plants, our purchased utilities, primarily electricity, and our upstream and downstream value chain, which includes direct and indirect supplychain, business travel, waste generated in operations, and more.
In addition, the new European entity will focus on: Sustainability Strategy Development: Helping businesses develop comprehensive strategies for compliance with regulations, circular economy initiatives, and decarbonization goals.
The program aims to advance decarbonization along the value chain through the collection of emissions data, jointly defined actions for reduction and continuous upskilling. The data overview can also serve them to gain access to business partners and green finance opportunities.
All companies will need to work with and support the small and medium-sized enterprises (SMEs) in their supplychain – and the SME Climate Hub can help them do it. If bigger businesses fail to build resilience in their supplychains by supporting SMEs to decarbonize, the long term economic and climatic consequences will be severe.
This lesson on the importance of actionable data did not go unnoticed for those of us working on industrial decarbonization. Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS) — a variety of methods can be used for carbon accounting (CDP accepts 64 of them).
As climate becomes everyone’s responsibility, companies with significant Scope 3 emissions from soft commodities in their supplychains must account for and mitigate these climate impacts. Leading companies have been working for years to mitigate deforestation risk in their supplychains. How to Prepare.
Based on existing best practice from business leaders including AstraZeneca, the Supplier Cascade is a practical approach – for businesses of any size and from any sector – designed to overcome barriers to decarbonization by focusing on one area that an organization can directly control: their relationship with Tier 1 suppliers [1].
This doesn’t signal migration away from climate goals, but instead a heightened concentration on understanding what it will take to get there, including investments and partnerships with key stakeholders in the value chain. There’s cautious optimism for AI opportunities in climate.
Supplychain finance plays a key role in unlocking investments towards decarbonization tech and making climate action more accessible to small and medium enterprises (SMEs). Climate finance and decarbonization tech has already attracted billions in private funding.
At GreenBiz 23 in Arizona last month , I shared a platform with experts working across public procurement and business to discuss carrots, sticks and tech – all tried-and-tested approaches to decarbonizingsupplychains. This is a popular topic. ” But are we too bogged down in trying to get the data perfect?
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements Nestlé, Starbucks, Microsoft Back Closed Loop Partners’ Circular Economy Infrastructure Platform Whirlpool Reaches Zero Waste to Landfill Across Global Manufacturing Sites Shell Says Climate Lawsuits Won’t Help Energy (..)
It is increasingly urgent for companies to take effective action to decarbonize and build resilience in their supplychains. The good news is that companies already engaged in initiatives to cut supplychain emissions are beginning to reap the benefits. times greater than the cost of mitigating these risks.
While all sectors have good reason to start mitigating their impact on nature, today’s investors are most concerned about those with large, global supplychains. Regardless of your sector, investors will at a minimum want to know if you’ve screened your operations and supplychain for biodiversity loss, and what risks you’ve found.
See our TCFD index for references to our CDP response and portions of this report on how we address the eleven recommendations of TCFD. The identification of emerging climate risks is informed by external scans of megatrends, consultancy and industry reports, peer CDP disclosures, TCFD reports, annual reports and 10-Ks.
With the growing focus on net-zero and decarbonization targets, Scope 3 emissions are increasingly in the spotlight. Watch our webinar and hear from Sphera’s experts: Traditionally, organizations have focused on Scope 1 and Scope 2 emissions to measure, improve, and report their sustainability and ESG performance.
Committed to providing customers with delicious, safe, nutritious, and high-quality food, the Company further enhanced food safety management through an industry-leading intelligent and digitalized supplychain management system. Reaffirmed its commitment to nutritional improvements through product innovation.
A multinational’s supplychain can be multi-tiered, span dozens of countries and include thousands of companies of all sizes – many far from a company’s direct control. Our early adopters are already in the process of reaching out to their suppliers and kickstarting a cascade of action in their supplychains.
The exponential growth of corporate climate commitments, including more than 13,000 companies setting targets through organizations such as the Science Based Targets Initiative and SME Climate Hub, is demonstrating that companies are taking ambitious action on climate by focusing on the decarbonization of their value chains.
And befitting its heavily female clientele, the company also funds initiatives focused on raising up girls and women, such as HERProject, a BSR initiative aimed at supporting low-income women in global supplychains. We're getting recognized by CDP or MSCI or ISS for that, which we find very gratifying.
DESCRIPTION: Investors and regulators increasingly expect companies to have both a decarbonization strategy (greenhouse gas accounting, science-based targets, low-carbon transition plan) and a climate resiliency strategy (managing acute/chronic physical risks and regulatory/market transition risks). SOURCE: Antea Group.
Complex SupplyChains designed to run efficiently failed under the pandemic. Restrictions, Brexit regulations, a ship stuck in the Suez Canal, extreme weather events and energy shortages impacted supplychains and prevented firms to meet their demand. ESG trends in 2022: Sustainable SupplyChains.
We saw new highs of ambition within one of the hardest-to-decarbonize sectors, as Cemex, Holcim and Titan become the first cement companies to set 1.5°C-aligned In a huge step forward for net zero economies and supplychains, the U.S. In a huge step forward for net zero economies and supplychains, the U.S.
In the first session of “Sustainability Strategy Leadership,” participants first heard from SR Inc CEO Jim Boyle and two Member-Client speakers, largely on the topic of causing new renewable energy capacity and approaches to decarbonization. For more on the event, refer to our prior blog post “ 2023 SBER Q2 Symposium.”
The new reporting tool, for example, is based on a simplified disclosure framework designed by CDP, Exponential Roadmap and Normative and allows for a streamlined approach to an often-complicated process.
A PWC survey published last week revealed that a majority of global CEOs expect climate change to have some degree of impact on their business in the next 12 months, particularly on their cost profiles and supplychains. Decarbonizingsupplychains alone will not be enough to limit global temperature rise to 1.5°C.
As customers demand greener products and services, investors seek out the next big climate solution, and governments legislate to cut emissions, companies know they need to decarbonize, and fast. Ambition: Has the company set the right decarbonization targets? The new financial regulatory developments in the U.S.,
Therefore, developing a basic map of your emissions in both your operations and in your supplychain should be the first step. Beyond the company’s operations, there are other emissions produced in the supplychain. Moreover, according to CDP, supplychain emissions are on average 11.4
The Net Zero on Campus initiative aims to facilitate the sharing of lessons and resources to accelerate the decarbonization of college and university campuses around the world. Supplier Engagement, From Global to Local What is the case study trying to accomplish?
T&L is among the top 10 emissions sources in most industries , according to research based on CDP reporting. Increasingly, companies are being held accountable for T&L emissions with the Greenhouse Gas Protocol , which includes any indirect emissions that occur across the corporate value chain. Reach out and get their support.
A new partnership will see the companies support vital habitats for native wildlife in the US, investing a combined $15 million in the project. And in heavy industry, Swedish steelmaker SSAB has estimated a boost of almost $1 billion to its annual profits by 2030 from its shift towards carbon-free metals production.
Natasha Santos, vice president and head of global stakeholder affairs and strategic partnerships at Bayer spoke of the 200 million hectares now covered by farmers in their supplychain using regenerative practices. Companies teaming up to send demand signals is also a growing trend. C-aligned science-based targets.
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