Paris agreement: limit global warming to 1,5-2,0°C. Halve emissions by 2030 UN global goals to reduce emission by 45% 2030 and NetZero by 2050.
Greenhouse gas emissions need to be halved every decade. Requirements are rapidly increasing for industry de-carbonization.
Increased focus for industry:
To handle the sustainability has become a “must-have”
The Global climate targets, regulatory, and social pressures of recent years have undoubtedly radical paradigm-shifting challenges for supply chain professionals and the Industry landscape is changing.
The pace of change is simply too slow.
Most organizations are at early stages of their journey toward meeting the increasing global targets, legislation and customers requirements.
A company’s carbon footprint is not limited by its own operations. The direct greenhouse gas emissions Scope 1 and 2 from the own operations shows progress and is often more straighforward to manage, but it is a much more complex issue for the carbon emission from all the associated activities that make up the supply chain. These indirect emissions, referred to as Scope 3, can make up to 90 per cent of a company’s footprint.
Decarbonization of the Supply Chain priority to move from targets to Action
The global stock take done at COP28 and many recent studies shows there is a big gap in addressing Scope 3 emissions, and there is urgent need to accelerate decarbonization of the Supply chain. The good News is that there are progress in the Technology and many available solutions to get there. Many companies struggle how to attack the emissions in their supply chain and engage with suppliers. Now priority to go from Targets to action.
We at InnovationTech are today helping companies and have the expertise and tools to assess where you are , what is most important and viable to do and most important, experience from implementing reduction actions and solutions to decrease the carbon footprint in for example hard to abate areas like Steel, Aluminium, cast Iron and Batteries.
The Global Macro trends in climate targets, geopolitical, regulatory, economy and social pressures of recent years have constituted paradigm-shifting challenges for supply chain professionals. It is widely accepted that both supply chain resilience and sustainability have become “must-haves,” most organizations are at very early stages of their journey toward engaging with all these concepts. The awareness is increasing but pace of change is crucial but too slow to facilitate the degree of impact that many companies are committing to, and that stakeholders are looking for.
In practice, there is an opportunity to embed sustainability into the supply chain while also considering the wider impact it might have on resilience and vice versa. Taking advantage of the synergies between these two goals offers immense potential for a competitive advantage and long-term optimization. Considering increasingly complex and unpredictable global challenges, ignoring this opportunity is becoming too costly, jeopardizing long-term survivability of organizations across sectors and geographies.
Partner and Senior Consultant - Sustainability and Procurement
+46 (0) 704 296 406
Address: Stridsvagnsvägen 14 291 39 Kristianstad
Phone: + 46 44 590 40 40 Contact us!
