June 12, 2023 | Chemicals read
The chemical industry is a significant producer of scope 1 and scope 2 emissions and plastic waste. Direct CO2 emissions from primary chemical production amounted to 925 mt in 2021, according to the International Energy Agency (IEA).
The industry also consumes significant volumes of natural resources such as fossil fuels and coal, which generates undesirable effluents and pollutes the environment if not treated properly.
June 12, 2023 | Supply Chain Strategy read
In 2021, more than 13,000 companies representing over 64% of global market capitalization disclosed their environmental data as well as emissions impacts and reduction plans through the Carbon Disclosure Project (CDP).
Yet, despite all their efforts, many of these companies haven’t made much progress in reducing their environmental impact.
June 10, 2023 | Supply Chain Strategy read
The landscape of corporate sustainability management is about to undergo a seismic shift with the introduction of the EU Corporate Sustainability Due Diligence Directive. Passed on June 1, this legislation transforms sustainability management from a voluntary practice into a legal requirement with far-reaching effects on companies.
June 09, 2023 | Supply Chain Strategy read
Chief supply chain officers are increasingly taking responsibility for their organization’s ESG and sustainability efforts, according to a recent GEP and North Carolina State University (NCSU) survey of procurement and supply chain professionals. The survey results indicated that CSCOs ranked third, behind only CEOs and COOs in their responsibility for ESG initiatives. In fact, the CSCO is now more responsible for sustainability than the chief sustainability officer or chief financial officer (CFO).
May 31, 2023 | Sourcing Strategy read
Sustainability has become an imperative for corporations, but many procurement functions still hesitate to fully embrace it.
According to Mark Pagell, professor of sustainable supply chain management at University College, Dublin, “Procurement’s real message to suppliers is often ‘faster, and cheaper'."
This viewpoint, however, may need to shift in response to the growing demand for sustainable operations.
May 29, 2023 | Procurement Strategy read
May 29, 2023 | Automotives read
The global adoption of electric vehicles is growing at a rapid pace, leading to an increase in demand for electric vehicle (EV) batteries.
Yet, a significant number of these batteries are expected to approach end-of-life in the next decade.
What happens to these batteries when they reach end-of-life and can no longer be used?
Millions of electric vehicles are expected to be on the road over the next decade. Along with this, millions of tons of lithium-ion batteries are likely to reach the end of their working life during this period.
May 18, 2023 | Logistics read
Drastically reducing carbon emissions and achieving carbon neutral manufacturing and sustainability are some of the hard goals polluting industries need to achieve amid regulatory and investor expectations.
The shipping industry too is under immense pressure to lower its carbon footprint, most of which comes from the use of fossil fuels to run ocean transportation. Biofuels are now emerging as a reliable and suitable alternative to fossil fuels.
