Major Supply Chain Firms Doing Little to Address Climate Change
With some shining exceptions, the world’s largest supply chain companies are doing little or nothing to adopt sustainable practices or boost their own climate resiliency, according to a report by CDP (formerly the Carbon Disclosure Project) and Accenture Strategy.
“What is concerning is that, despite the increase in the number of companies assessing and reporting on their emissions, the data suggests that suppliers are making either marginal or no improvements,” said Accenture Strategy Managing Director Gary Hanifan.
Like this story? Subscribe to The Energy Mix and never miss an edition of our free e-digest.
The study of 3,396 supply chain companies that provide goods and services for 66 of the world’s largest companies found that only 22% have undertaken low-carbon energy projects, and only 55% have assessed their susceptibility to droughts or flooding, GreenBiz reports. “That’s a problem, since supply chain risks have been compounded by globalization and the increasing interconnectedness of environmental issues and economic stability.”
The disconnect is most prevalent in countries with the highest greenhouse gas emissions, including China, the United States, Brazil, and Italy. (h/t to Environment News Bits)