“The opportunities that come from the consolidation and enhancement of data can have a healthy business impact.”
Greg Brown, Head of Procurement Directorate
Carbon Emissions Tracking
The platform helps monitor, measure, and manage carbon emissions and other greenhouse gas (GHG) emissions associated with various activities or entities. Its value lies in its ability to provide accurate data on carbon emissions, which can be used for several purposes:
- Environmental Impact Assessment: Identify emission hotspots, evaluate the effectiveness of emission reduction strategies, and set environmental targets.
- Compliance and Reporting: Ensures accurate and timely reporting, reducing the risk of non-compliance and associated penalties.
- Stakeholder Engagement: Demonstrate your organization’s commitment to environmental sustainability, respond to investor demands for ESG (Environmental, Social, and Governance) disclosures, and engage with suppliers who prioritize sustainable products and services.
- Cost Reduction and Efficiency: Reduce costs through lower energy bills, reduced material usage, and streamlined processes.
- Reputation and Branding: Adopting a carbon tracking system and actively working to reduce emissions can enhance an organization’s reputation and brand value.
Track and measure performance
Implement a robust system for tracking and measuring suppliers' carbon emissions. Set up regular reporting mechanisms to monitor progress and identify areas where suppliers can improve. This data-driven approach helps identify high-impact areas and facilitates targeted interventions.
Collaborate with suppliers
Foster a collaborative relationship with your suppliers by engaging in open dialogues and joint problem-solving. Encourage them to share their challenges, ideas, and best practices for reducing carbon emissions. This collaborative approach can lead to innovative solutions and stronger supplier engagement.
Supply chain transparency
Encourage suppliers to disclose their carbon emissions and supply chain data. Promote transparency by requesting regular reporting and tracking progress over time. This enables better understanding of the carbon footprint of your supply chain and helps identify areas for improvement.
