Thursday, July 18, 2024

Achieving a net-zero emission supply chain could be cheaper than you think


Setting ambitious net-zero targets for company’s core business is one thing, but achieving deep decarbonization across the entire supply chain is quite another.

After all, company supply chains often can be complex webs stretching right across the globe, making them particularly hard to keep track of, let alone to measure and mandate emissions reductions from. Yet without action to get to net-zero emissions across every corner of the global economy, the planet’s climate will continue to warm.

But fresh research last week from the World Economic Forum (WEF) and Boston Consulting Group (BCG) argues that, as well as being a “game changer” in the fight against climate change, decarbonizing supply chains is possible with readily available technologies and at surprisingly low cost.

The report analyses the top eight industries with the most carbon-intensive global supply chains, which it estimates together account for more than half of the world’s total greenhouse gas emissions. Food is the most carbon intensive industry, accounting for around 25 percent of global CO2, followed by construction at 10 percent, it estimates. Meanwhile, fashion, freight and household consumer goods each account for 5┬ápercent of total emissions, and electronics, professional services and automotive each contribute 2┬ápercent. Read more…

Read more

Related News