Companies recognise that it is not feasible to tackle systemic sustainability challenges alone, and that achieving their goals requires a scale that can only be achieved by pooling resources.
With all customers demanding CO2 measurement and reduction targets from their suppliers, suppliers are likely to face overwhelming demands. The lack of standardised methodologies exacerbates the impact, with a significant risk of low quality results and low commitment rates. At the very least, companies sharing common suppliers should coordinate their efforts within their respective ecosystems.
When a single company commits to a sustainability target, progress may be slow and the overall impact minimal. However, if a consortium of companies adopts the same standard and collaborates to address the issue, the path becomes more manageable and the impact is exponentially greater.
Collaboration between major customers and their suppliers is on the rise, facilitated by the emergence of prominent international environmental organisations such as the 1.5-degree Supply Chain Leaders (https://exponentialroadmap.org/supply-chain-leaders/), digital platforms such as CDP's Supply Chain Program (https://www.cdp.net/en/supply-chain), and initiatives such as the Energize Program (https://hub.zeigo.com/energize) launched by the pharmaceutical industry to access decarbonisation solutions, particularly in renewable electricity.
The message is clear: do not embark on the decarbonisation journey alone!
46%
of consumer-facing companies do not prioritize the role of ecosystems in innovation.
(EY)
231 million tons CO2e
of emissions reduction initiatives were driven in 2020 by over 200 suppliers reporting to CDP.
(CDP Global Supply Chain Report - 2021)
Givvable is an automated data platform that helps organisations understand the sustainability profile of their suppliers and supply chain. It captures, tracks and reports on the credentials of suppliers, that are the strongest indicators of whether a supplier is taking action on sustainability. Givvable covers local to global and SME to MNC suppliers, ensuring it has the widest coverage of supplier sustainability data globally.
Givvable will help you:
Aeterni is a sustainability and impact advisory company, providing strategic guidance to organizations aiming to integrate sustainability into their core business practices.
Our services cover corporate sustainability, where we deliver comprehensive assessments, roadmaps, and value chain management strategies, ensuring businesses meet their sustainability objectives while enhancing governance. We also offer carbon services, including life cycle assessments, corporate carbon footprint analysis, and carbon credit advisory, empowering companies to reduce emissions and comply with regulatory requirements. Additionally, our expertise in sustainable finance helps businesses quantify sustainability impacts, develop financing frameworks, and assess climate risks, fostering resilience and long-term value creation.
Through our comprehensive suite of services including Board Culture Advisory, Behavioural Change Coaching, Keynote Speaker on ESG Themes, and Talent Development solutions, we enable leaders to foster resilient cultures, drive sustainable growth, embrace change as a catalyst for progress and drive sustainable growth and transformation.
RESET Carbon is an innovative team of engineers and consultants committed to helping companies achieve substantial emissions reductions. Leveraging our deep understanding of regional industries and cutting-edge decarbonisation strategies and solutions, our relationship-focused, holistic approach delivers meaningful, measurable results which accelerate our clients' response to the climate crisis. RESET Carbon works across a variety of sectors including apparel, real estate, electronics, pharmaceuticals, agriculture and food and beverage.