March 26, 2024 | Packaging
By Virat Venkataraman
With investors and consumers showing a growing affinity toward environmentally responsible organizations, sustainability has become a critical focus area across the packaging value chain.
In fact, many organizations have made clear sustainable packaging commitments for the near, medium and long terms.
Amidst this shift, the significance of industrial packaging, particularly in safeguarding and secondary packaging and handling hazardous content, is often overlooked.
March 22, 2024 | Risk Management
In today's world, consumers and businesses alike are increasingly focused on environmental responsibility. Procurement and supply chain play a critical role in ensuring a company's operations are sustainable and minimize environmental impact.
But how do you measure progress and identify areas for improvement? Here's a comprehensive guide to essential environmental sustainability metrics that procurement and supply chain professionals should monitor and track.
February 28, 2024 | Supply Chain Strategy
The impending wave of mandatory Scope 3 reporting presents a significant challenge for businesses across industries. Navigating the complexities of supply chain emissions can feel daunting, especially for companies at the lower end of the maturity curve.
However, by embracing and leveraging procurement technology, they can drive progress on Scope 3 reporting initiatives, no matter what stage of the sustainability journey they’re at.
February 28, 2024 | Supply Chain Strategy
Many companies today have a sustainability program underway.
But this does not present the true picture.
According to a 2021 study about sustainability practices in the U.S., nearly 97% of the respondents confirmed an ongoing sustainability project in their organization.
February 27, 2024 | Supply Chain Strategy
When it comes to measuring and tracking a company’s carbon footprint, investors, regulators and consumers are no longer solely focused on emissions from a company's direct operations (Scope 1) and purchased energy (Scope 2).
Instead, the spotlight is increasingly shining on indirect emissions across an enterprise’s entire value chain (Scope 3).
Are companies ready for mandatory Scope 3 reporting?
Currently, the global landscape of Scope 3 regulations is fragmented.
February 02, 2024 | Market Intelligence
The MICE events industry is no exception in a world of business that is increasingly conscious of its environmental impact.
MICE stand for Meetings, Incentives, Conferences/Congress & Exhibitions. Creating and producing environmentally sustainable MICE events is not just a trend; it is becoming a responsibility.
February 02, 2024 | Supply Chain Strategy
Para líderes da cadeia de suprimentos, garantir que sua organização tenha um foco externo nas emissões de Escopo 3 do ecossistema da cadeia de suprimentos é chave para ter o máximo impacto e não ficar para trás na jornada para emissões líquidas zero.
Contudo, apenas 25% das organizações estão tornando a redução das emissões da cadeia de suprimentos uma prioridade ambiental máxima, de acordo com uma pesquisa com executivos sêniores de gestão de suprimentos feita pela Universidade Estadual da Carolina do Norte (NCSU) e pela GEP.
January 29, 2024 | Risk Management
With global temperatures predicted to break records over the next few years, green house gas reduction is no longer a fringe concern but a boardroom imperative for enterprises. Driven by rising public pressure, stricter regulations and a surge in climate-conscious consumers, companies are discovering the benefits of having an actionable strategy to drive green house gas (GHG) reduction.
December 07, 2023 | Risk Management
Pressure from regulators and investors, and the enterprise’s need to increase resilience, agility and sustainability are driving procurement’s increasing prominence in achieving ESG goals.
From investors seeking climate risk mitigation to customers scrutinizing social responsibility claims, expectations around ESG have reached an inflection point.
Sustainability has taken a front seat again in Europe and the U.S. thanks to some recently enacted regulations. This means companies must balance ESG initiatives with the ongoing need to control costs.
That was one of the insights shared by GEP Co-Founder and Chief Operating Officer Jagadish Turimella during an interview with SupplyChainBrain.
