The investigative arm of Congress is going to look into how the Obama administration developed its increased monetary estimate for the amount of damage caused by carbon pollution.
If you're responsible for supply chain management or providing supply chain services, reducing your carbon footprint is likely becoming a priority. So how do you get there from here? One route to sustainability is ISO 14001 certification. Here's the Who, What, When, Where, Why and How of getting there.
Companies are increasingly connecting the dots between risk management and sustainability by making sustainability issues more prominent on corporate agendas, says a study by Ernst & Young LLP and GreenBiz. Driven by trends such as extreme weather events and risks to natural resources, among other factors, the shift is evidenced by the increasing involvement in sustainability-related issues of shareholders and the C-suite. At the same time, the study finds, companies are not adequately aligning risk response to the scale of sustainability challenges.
While most executives recognize the importance of supply chain sustainability, cost is still a major factor and trumps environmental impact as a driver of behavior, according to a survey of 150 C-level and senior leaders at U.S. and European companies, according to AlixPartners, a global business-advisory firm. However, those that can implement cost-effective sustainability strategies and effectively market them to customers will have a competitive advantage.
More and more companies are choosing to invest in green building practices, enjoying quick returns on investments that pay off in profit and public opinion. And the U.S. Green Building Council's LEED Certification Program is allowing companies to make their newer, greener policies official.
Half of the UK's leading soft drink producers and suppliers,including Coca-Cola and Britvic, have signed onto the Soft Drinks Sustainability Roadmap, a supply chain study that aims to reduce the environment footprint of the industry's products.
Automakers like Ford rely on thousands of tier-one suppliers to provide the materials, parts and services to make its final products. Many suppliers serve numerous automakers, and each of those suppliers, in turn, has multiple suppliers. Other industries' supply chains (such as electronics) are intertwined into the automotive supply chain. There are often six to 10 levels of suppliers between an automaker and the source of raw materials that eventually enter the manufacturing process. The breadth, depth and interconnectedness of the automotive supply chain make it especially challenging to effectively manage business and sustainability issues.
There is only so much that a single organization is going to be able to achieve to improve the impact it has on the environment or society, without collaborating with the wider aspects of its supply chain.
Solving the sustainability challenges of the palm oil market will require use of alternative oils and the cooperation of all stakeholders, says a study from A.T. Kearney.
Pharmaceutical giant GlaxoSmithKline, Del Monte Foods and MGM Resorts are among some 25 companies that have joined an Ecodesk campaign to improve supply chain efficiency and transparency, and make it easier for businesses to measure so-called Scope 3 emissions.