With complex global supply chains, measuring the ESG data credentials of partners and suppliers can be a near-impossible task and puts companies at risk of being accused of greenwashing by proxy. Enlisting the support of reputable organisations such as SBTi7 is a great place to start. They provide the frameworks to begin measuring the carbon impact of your business and allow you to become an accredited company once standards are met.
Digitising and analysing data inputs across the supply chain also reduces the risk of greenwashing by making it wholly measurable. This allows companies to address issues with wastage and emissions as well as provide those compelling (and truthful) data points for sustainability communications.
Adding technologies to address wastage, such as Singtel’s IoT emissions control for ships, also builds sustainable practices by automating pollution reduction and freeing up time to focus on the next opportunity for sustainability.
Supply chains are where most manufacturing and transport-related emissions are created, which is why 45% of G2000 businesses plan to reduce these Scope 3 emissions. This commitment is predicted to bring their businesses a 10% reduction in waste and associated costs.8
Sustainability efforts must be a careful balance of long-term goals and short-term wins.
Talk to us about building sustainability into your business: