The Journey to Net Zero : How the Automotive Industry Can Make Its Transition To Electric Vehicles Truly Sustainable

Read more about The Journey to Net Zero : How the Automotive Industry Can Make Its Transition To Electric Vehicles Truly Sustainable

Did you know that scope 3 emissions for an automotive company account for nearly 97.5% of all its emissions? This may seem like a significant problem, but it also presents an outlet through which the industry can focus its carbon emissions reduction efforts.

But how exactly? Expanding electric vehicle (EV) offerings could be a step in the right direction, but the solution is not straightforward.

Top Strategies for Procurement to Drive ESG

November 18, 2022 | Procurement Strategy

Achieving ESG goals is today a top priority for many enterprises.

However, only a few of them have a clear, well-defined plan to realize these goals.

For many others, ESG goals merely remain on paper, and there isn’t even a clear action plan.

Yet, procurement teams are ideally positioned to drive ESG goals within an enterprise. That’s because they work closely with suppliers and monitor supplier spend.

In this article, we discuss specific ways in which procurement teams can promote ESG.

EVs Alone Can’t Power Auto Industry’s Net-Zero Transition

November 16, 2022 | Automotives

The market for electric vehicles is expanding rapidly, with sales poised to hit an all-time high this year.

The International Energy Agency (IEA) reported that global sales of EVs doubled in 2021, and 2022 is expected to see them take 13% of total light duty vehicle sales globally, up from 9% last year.

While that still represents a small share of the total vehicle market, EVs are on track for 2030 milestones in the IEA’s net-zero by 2050 scenario. Changing consumer preferences, higher gas prices and government regulations are driving the shift toward EVs.

COP27: HOW WILL THE UN CLIMATE SUMMIT IMPACT EFFORTS TO CUT SCOPE 3 EMISSIONS?

November 14, 2022 | Supply Chain Strategy

Last year, COP26 put climate change front and center, with agreements on reducing coal-fired power generation, methane emissions and deforestation, and pledging more financing to help developing countries adapt to climate change.

Sustainable Corporate Travel: Procurement’s Role in Carbon Footprint Reduction

Read more about Sustainable Corporate Travel: Procurement’s Role in Carbon Footprint Reduction

Now that business travel is ticking up, procurement must refocus its efforts to ensure corporate travel is sustainable. Travel sustainability strategies need to balance convenience, carbon emissions and cost. What’s the best approach?

Sustainable Corporate Travel: Procurement’s Role in Carbon Footprint Reduction outlines how procurement can partner with travel leaders and other stakeholders to balance ESG targets with the business need for in-person meetings.

What’s Inside:

5 Sustainable Procurement Guidelines That’ll Save You Time and Money

November 02, 2022 | Procurement Strategy

When it comes to sustainability in procurement, most companies are still struggling to get past first base.

While the idea of creating a green and sustainable supply chain is now well understood, few companies have managed to make it an everyday part of their operations.

How to Prepare Your Supply Chain for The Circular Economy

November 02, 2022 | Supply Chain Strategy

Circularity is not limited to the shifting to greener resources but also involves changing the mindset — moving from a cradle-to-grave to a cradle-to-cradle (C2C) approach.

Circularity includes evaluating supplier interactions and sourcing materials, rethinking product lifecycles, recycling (downcycling and upcycling), and developing greener business models.

Here are Some Critical Steps to Prepare Your Supply Chain for the Circular Economy:

A Comprehensive Guide to Sustainable Procurement

October 18, 2022 | Procurement Software

In today’s uncertain business landscape, sustainable practices are not a choice; they are a business imperative. In fact, sustainability is a strategic choice that transcends both economic imperatives and the requirements of the legislation.

Sustainable procurement ties together sustainable corporate behavior and procurement policies. Sustainable procurement guidelines provide a framework to achieve sustainability, profitability, as well as stakeholder expectation.

How Effective Are Carbon, Capture, Utilization & Storage Projects?

October 11, 2022 | Oil and Gas

CCUS involves capturing carbon dioxide (CO2) emissions from industrial processes or from the burning of fossil fuels during power generation. This CO2 is then transported back from where it was produced through ships, road or pipelines. It is then either used to create products or services, or injected into rocks underground for permanent storage.

CCUS Projects Are Mainly Undertaken By Oil & Gas Companies

Oil and gas companies currently account for most of the CO2 captured.

The Macro Impact of Microbial Corrosion on the Oil & Gas Industry

October 07, 2022 | Oil and Gas

Organisms may be “micro” in size, but the impact that they have on the oil and gas (O&G) industry is anything but micro.

Microorganisms are abundantly present in the O&G frameworks such as pipeline networks, vessels, reservoirs and other infrastructure. The corrosion induced by the presence of these microorganisms on the surface of a material is known as microbiologically influenced corrosion (MIC) or simply microbial corrosion. MIC, estimates indicate, account for up to 30% of all corrosion-related costs in the O&G industry.

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Top Strategies for Procurement to Drive ESG

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EVs Alone Can’t Power Auto Industry’s Net-Zero Transition

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COP27: HOW WILL THE UN CLIMATE SUMMIT IMPACT EFFORTS TO CUT SCOPE 3 EMISSIONS?

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5 Sustainable Procurement Guidelines That’ll Save You Time and Money

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How to Prepare Your Supply Chain for The Circular Economy

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A Comprehensive Guide to Sustainable Procurement

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How Effective Are Carbon, Capture, Utilization & Storage Projects?

CCUS Projects Are Mainly Undertaken By Oil & Gas Companies

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The Macro Impact of Microbial Corrosion on the Oil & Gas Industry

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