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More than three quarters of industry greenhouse gas emissions comes from supply chains. These emissions are often greater than a company’s direct emissions, and fall within Scope 3 emissions for the purposes of the Greenhouse Gas Protocol.
It is clear that, if businesses want to progress towards a more sustainable future, they must target inefficiencies throughout the value chain.
What’s more, Corporate Social Responsibility (CSR) has become increasingly important for businesses, as they seek to future-proof themselves. This is more than just a buzzword. In real terms, businesses will surely attract the largest number of customers if they stay up-to-date with sustainability legislation.
So, how can you reduce the carbon footprint of your supply chain, and enhance sustainability?
Wasted energy is now a significant issue for businesses, particularly throughout the supply chain. Rather than wasting resources unnecessarily, we must make better use of natural and energy-efficient resources such as solar, wind and geothermal energy. Making use of natural resources guarantees a steady flow of energy for businesses, that can be replenished. Fossil fuel power, on the other hand, will eventually run dry.
Intelligent energy management provides a holistic way to reduce waste and increase your efficiency. This approach to energy optimisation typically involves smart metering, identifying inefficiencies and energy-saving solutions. At EIC, we can help you to manage your energy in the most efficient and effective way, uniquely tailored to your business.
ESG is becoming increasingly prominent in the eyes of directors and stakeholders. This means that having an ESG strategy will become crucial for organisations that are looking to secure funding. With businesses looking towards a more sustainable future, ESG reporting is becoming a central component of decision-making.
ESG reporting provides clients and investors with a snapshot of a business’s impact in these three areas. Further emphasising the need or businesses to consider their impact on the planet, and enabling them to become more transparent about the risks and opportunities that they face. This allows clients and investors to clearly understand where their environmental priorities lie, and will be vital moving forward.
The UK’s net zero targets are growing ever closer, so it’s important that businesses and individuals work towards their goals. By setting realistic levels of sustainability, businesses can track their progress and ensure that they adhere to government legislation.
Climate-related risks are also beginning to play an important, and even mandatory, role in investment decisions. This means that large companies will have no choice but to reduce their environmental footprint.
Tracking your carbon footprint through the supply chain can help you to understand where you are using the most energy. In turn, a business can set goals to improve their efficiency and reduce carbon emissions. This involves a comprehensive audit and data collection process, to fully understand where emissions are occurring.
Understanding and managing your energy usage and carbon emissions across multiple sites and throughout the value chain can be difficult, and it may even seem impossible. But it doesn’t have to be that way.
At EIC, we understand the growing importance of securing a green future. We help businesses to monitor and manage their energy and carbon, alwways with sustainability in mind. Our in-house team can guide you through energy monitoring, carbon management, green procurement and compliance legislation.
Get in touch today to find out how we can help you to reach your sustainability goals.