Did you know that supply chain emissions account for 90%, and sometimes up to 98% of the average retailers’ carbon emissions?
This is why it's essential to incorporate them into your carbon management and reporting, and to use this measurement to set targets and drive effective climate action.
A 2022 analysis from BCG reveals that only 18% of retailers are on target to reach their supply chain emissions reduction goals. This shows that there’s much work to be done.
But the great news is that as a retailer, you have the power to educate suppliers about the need for climate action, and in doing so to really move the needle on climate change. And because our world is so interconnected through supply chains, the actions of a single company can have ripple effects throughout the global economy.
Sweep for Supply chain automates supplier data collection and drives collaborative emissions reduction. It enables you to:
We’ll talk you through the complete supply chain climate journey below and show you how we can help at every step.
Acting on the carbon footprint of your supply chain can also bring you a range of business benefits. Here are just a few.
Smarter procurement decisions – Carbon accounting can help you determine which suppliers are committed to taking action on climate change. This enables you to set joint climate goals.
Cost reduction opportunities – It can help you identify carbon hotspots and introduce plans to improve energy efficiency across your value chain.
Future-proofed compliance – New legislation is already coming into force in some countries which makes it compulsory to report on your supply chain emissions - and this is likely to become more widespread. If you start taking action now, you’ll increase your regulatory resilience.
Improved reputation – Taking climate action across your entire supply chain will show your partners, clients and stakeholders that you’re truly committed to sustainability, which will boost your competitive advantage.
It’s important to remember that responsibility for supply chain emissions is shared. Without effectively engaging your suppliers, you won’t be able to achieve your climate goals.
But get them on your side, and you have a good chance of driving collective and collaborative climate action. And in doing so, you’ll become a Forever Company.
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