The implementation of greener practices can make a supply chain more sustainable and more efficient.
The efficiency of a supply chain is vital in the delivery of a profitable product or service, but the practices often come at a cost to the planet; supply chains generate around 60% of all carbon emissions globally. However, the implementation of greener practices can make a supply chain more sustainable and more efficient.
In a Harvard Business Review Whiteboard Session, they suggested that companies should focus on four components to rethink return on investment for supply chain sustainability:
Experts in supply chain optimization and decarbonisation are vital when creating both a sustainable and profitable business as a company’s transitions to net zero.
Typical roles in this space include Change Management Specialist, Supply Chain Strategist, Supply Chain Sustainability director, Carbon Footprint Analyst, Renewable Energy Specialist, Green Procurement Specialist
Setting supply chain transformation strategies, identifying opportunities for waste reduction, carbon footprint reduction, ethical sourcing, social responsibility initiatives, and ethical labour practices for end-to-end solutions, and life cycle assessments.
Organisations with complex supply chains such as retail, consumer goods & manufacturing companies rely heavily on this expertise. Consulting firms that support corporate companies to reach net zero are home to decarbonisation and supply chain experts.
Net zero strategy, GHG accounting, circular economy, financed emissions
ESG strategy, portfolio integration, due diligence
Task Force on Nature Related Disclosures (TNFD), nature based metrics, nature positive
EU taxonomy, TCFD, SFDR, GHG protocol, SBTi
Physical & transition risk, climate stress testing, climate modelling, scenario analyses
Human rights, diversity and inclusion, health & safety
Sustainable sourcing, energy efficiency, ethical labour, life cycle assessment
Carbon trading, carbon offsets, green investment, natural capital accounting
ESG ratings, ESG reporting and disclosure, data integration, Impact data