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Benefits, challenges for organisations adopting sustainable supply chains
This shift towards sustainability has also been shown to deliver sustainable investment returns over the long term, making the organisation’s debt and stock more attractive to investors.
The goal of transitioning to a low-carbon economy, including achieving the net zero goals set for 2050, rests on the green transition of organisations’ supply chains. Supply chains for most organisations account for a significant part of the emissions attributable to them.
The Scope 3 emissions from supply chains are at least ten times the emissions from Scopes 1 and 2 for most organisations. Therefore, supply chains play a big part in the transition strategy for many organisations. From an environmental, social and governance (ESG) perspective, a responsible leadership approach is crucial to driving an organisation’s supply chain transition strategy.
