Author: AnYl4Psd
Supply Chain Decarbonization: What Corporations Must Consider
New research published earlier this year shows how tackling supply chain emissions can be a game-changer in the worldwide battle against climate change. Net-Zero Challenge: The Supply Chain Opportunity from the World Economic Forum and the Boston Consulting Group looks at the top eight worldwide supply chains that produce more than 50% of global greenhouse (GHG) emissions. They find that several corporations can multiply their climate impact by focusing on supply chain decarbonization.
On the other hand, even leading corporations struggle to set clear goals and standards for their suppliers and get the data they need.
How best can corporations build a meaningful pathway to deep decarbonization within their supply chains?
In this article, the GHG emissions management experts at SINAI explain what corporations should consider when getting to grips with supply chain emissions. We present practical and scalable ways in which corporations can achieve deep decarbonization, from setting a carbon baseline to automating data collection throughout your corporation’s supply chain.
Slowing down climate change
The Paris agreement is a legally binding global treaty on climate change aiming to slow down climate change. Unfortunately, current pledges do not go far enough. Many agree that to hit the targets set, deep decarbonization is needed, particularly in global supply chains across a variety of industries.
What is decarbonization?
The term “decarbonization” is used to represent the process of reducing and removing the carbon dioxide, or CO2e (carbon dioxide equivalent, meaning, all 7 greenhouse gases included), output from a country’s economy. The most common way this is done is by decreasing the amount of CO2e released from active industries within each economy – including but not limited to utilities, transportation, consumer goods, construction, and materials.
A robust picture of emissions
The first step every corporation should take to get a handle on supply chain emissions is to gain a complete view of what those emissions are. The GHG Protocol’s Scope 3 Standard provides corporations with a methodology that can be used to account for and report carbon emissions from companies of all sectors, worldwide.
Corporations should consider building a detailed view of emissions with supplier-specific data to set ambitious targets for reducing carbon emissions. You can take control of your supply chain’s carbon emissions by performing a carbon inventory.
You should be able to compare emissions sources and resource consumption together with quickly identifying trends and patterns. Ensure you can aggregate, sort, and filter your emissions data to manage risk better and help/support suppliers to find deep decarbonization opportunities.
A detailed carbon baseline
Corporations should consider exploring historical activity data to project emissions as their business grows and changes, creating forecast baselines they can use to monitor progress.
Establishing a comprehensive emissions baseline for your corporation is vital. Baselines are built according to business growth, and you can combine these with supply chain emissions with different levels of detail, to generate multiple baselines according to additional premises. Use granular data to analyze suppliers that contribute the most significant emissions.
Emerging software can help corporations easily match procurement data with environmentally extended input/output factors, building a high-level picture of their supply chain’s overall carbon footprint. Corporations can also leverage predictive analytics on resource consumption and emissions trends to gain better insight and business intelligence.
Automated GHG inventories
Corporations should consider engaging diverse partners in their supply chain in a meaningful way, assisting them in a value-based exchange of emissions data.
Work towards a flexible data collection process to move away from generic data sources and create custom emissions factors that you can track with ease.
Collaboration is crucial, and we know supply chain emissions data can be messy. By automating data collection, corporations can consolidate, analyze and organize data from various sources quickly and easily, leading to more accountable reporting and better decision making.
Smarter carbon emissions strategies
Corporations should look to optimize their carbon emissions strategy through scenario and sensitivity analysis and enhanced risk management for deep supply chain decarbonization.
Intelligent, data-driven scenario analysis can future-proof your corporation and your supply chain, with a heightened understanding of your projected deep decarbonization pathways.
Accurate and precise data can show which assets of the corporation are most at risk. Explore any reduction opportunities that exist and what cost-positive opportunities may be worth investing in, in the long-term. Suppliers that go over the same type of analysis, will ultimately reduce their scope 1 and 2, which will reflect back to their buyers’ scope 3. The overall approach helps everyone in the supply chain to reduce emissions, with their own individual definition of success.
Technology to help your organization to remain accountable
Front runners in several global industries are using innovative and cutting-edge technology to better manage their supply chain’s journey to deep decarbonization. They have a complete view of carbon emissions throughout their supply chain and baseline definitions in place, reviewing more granular data of those with the highest emissions. They are working towards deep decarbonization through automated carbon inventories from suppliers and following carbon emissions strategies, backed by data.
SINAI’s GHG emissions management solution can help you achieve supply chain decarbonization. Our software provides a seamless way to measure, analyze, price, and reduce emissions. Supply chain carbon management doesn’t have to be difficult, with the right solution that’s customizable to your corporation’s unique needs, you can move closer to net-zero.
To see SINAI in action, reach out for a demo today. This article originally appeared at SINAI
Earth Hour 2021: New Deal for Nature and People Coalition Advocacy
Earth Hour 2021: New Deal for Nature and People Coalition Advocacy
WWF’s report called Living Planet, released in October 2018, showed that globally, nature continues to degrade with devastating consequences for species and the planet. The global populations of fish, birds, mammals, amphibians and reptiles decreased by 60% on average from 1970 and 2014. This is also true for the fauna and flora species of the Virunga National Park (PNVi) and of Salonga National Park, all declared a UNESCO World Heritage Site and whose oil exploitation in these two protected areas would lead to the disappearance of ecosystems of incomparable flora and fauna, of exceptional economic value. Lake Edward, which once had 30,000 hippos in 1974, now numbers more than 300 hippos due to oil exploitation by several companies such as SOCO.
Just like during Earth Day, on this day of April 22, 2021 dedicated to Earth Hour, the organizations of the coalition on the New Pact for Nature and People led by the African Network of Young platform Leaders for Peace and Sustainable Development , strengthen advocacy for climate action, preservation and restoration of ecosystems. In the Democratic Republic of Congo, member organizations of the African Network of Young Leaders for Peace and Sustainable Development are increasing synergies to further address the issues of degradation of national parks and aquatic ecosystems through advocacy with local and national authorities. and polluting companies.
The object of the action is clear: their involvement in reversing the trend of the decrease in animal and plant species in Virunga and Solanga by promoting renewable energies as a source of sustainable socioeconomic development as opposed to the exploitation of fossil fuels in these protected areas.
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Heure de la terre 2021 : Plaidoyer de la Coalition sur le Nouveau Pacte pour la Nature et les Personnes.
Le rapport de WWF appelé Planète Vivante, publié en octobre 2018, a montré qu’au niveau mondial, la nature continue à se dégrader avec les conséquences dévastatrices pour les espèces et la planète. Les populations mondiales des poissons, d’oiseaux, des mammifères, d’amphibiens et des reptiles ont diminué de 60% en moyenne de 1970 et 2014. Cela est aussi vrais pour les espèces fauniques et floristiques du Parc National des Virunga (PNVi) et du Parc National de Salonga, tous déclaré site du Patrimoine Mondiale de l’UNESCO et dont
l’exploitation du pétrole dans ces deux aires protégées conduirait à la disparition
d’écosystèmes de faune et de flore incomparable, d’une valeur économique exceptionnelle. Le lac Édouard qui autrefois comptait en 1974, 30 000 hippopotames, aujourd’hui ne dénombre plutôt que 300 hippopotames à cause de l’exploitation pétrolière par plusieurs entreprises telles que SOCO.
Tout comme au cours de la journée de la Terre, en cette journée du 22 avril 2021 consacrée à l’Heure de la Terre, les organisations de la coalition sur le Nouveau Pacte pour la Nature et les Personnes conduite par la plateforme African Network of Young Leaders for Peace and Sustainable Development , renforcent des plaidoyers pour l’action climatique, la sauvegarde et la restauration des écosystèmes. En République Démocratique du Congo, les organisations membres de African Network of Young Leaders for Peace and Sustainable Development multiplient des synergies pour davantage adresser les questions de dégradation des parc nationaux et écosystèmes aquatiques à travers des plaidoyers effectués à l’égard des autorités locales et nationales et des compagnies polluantes.
L’objet de l’action est clair : leur implication pour inverser la tendance de la diminution des espèces animales et végétales dans le Virunga et la solanga par la promotion des énergies renouvelables en tant que source de développement socioéconomique durable contrairement à l’exploitation des énergies fossiles dans ces aires protégées.