September 23, 2022 | Supply Chain Strategy
Regulators around the world are adopting an increasingly stringent approach, especially in regard to carbon emissions from supply chains.
However, despite the regulatory pressure and growing awareness among consumers, many businesses do not currently have a clear plan in place to regulate emissions.
This can prove costly and harm their reputation.
Scope 3 emissions originate in the supply chain and account for more than 80% of emissions associated with a business, according to CDP.
Turn ideas into action. Talk to GEP.
GEP helps enterprise procurement and supply chain teams at hundreds of Fortune 500 and Global 2000 companies rapidly achieve more efficient, more effective operations, with greater reach, improved performance, and increased impact. To learn more about how we can help you, contact us today.
NATALIE HENFREY
Director - Consulting, GEP
As a director at GEP, Natalie has led procurement consulting deliverables over a wide range of categories. She is an expert on procurement strategy and transformation and tactical cost-out across sectors and has end-to-end supply chain expertise with specific focus on supplier-facing activities and inventory.
During her 15-year consulting career in boutiques, mid-tier and Big 4 consultancies, Natalie has delivered global procurement transformation. She has redesigned supply chains for greater efficiencies, including a Greenfield project for a startup.
September 05, 2022 | Automotives
The use of sustainable fuels such as electricity and hydrogen in road transportation is growing amid the race against time to reduce carbon emissions across the world.
The commitments made by various countries at the United Nations' climate summits along with growing awareness about the effects of fossil fuel burning on the environment have already led to massive infrastructure development for green energy sources to fuel transportation.
September 03, 2022 | Market Intelligence
The steel industry is one of the most energy-intensive industries in the world, accounting for nearly 8 % of global energy consumption. Most of the steel production facilities are coal-based, making it one of the largest contributors to carbon emission.
In 2020, every metric tonne of steel produced contributed to 1.85 metric tonnes of CO2 being discharged into the atmosphere. In the same year, 1.86 billion metric tonnes of steel were manufactured, with total direct emissions of 2.6 billion metric tonnes, accounting for between 7% and 9% of global anthropogenic CO2 emissions.
As a CPO, you need an action plan for sustainability. With a circular model, you can reimagine your approach to supplier relationships, sourcing materials, product life cycles, recycling (downcycling and upcycling) and business plans.
August 23, 2022 | Oil and Gas
Oil and gas operations were responsible for releasing over 76 million tons of methane globally in 2020, making the energy sector one of the largest contributors to greenhouse emissions.
There has been mounting pressure from stakeholders, the public and the government on the oil and gas sector to reduce emissions.
GEP’s Natalie Henfrey and others discuss innovative approaches to ensuring that procurement and sourcing contribute to the bottom line and protect the planet.
August 05, 2022 | Pharma and Life Sciences
Businesses across industries today look to implement sustainable solutions that can better equip them to handle unpredictable, volatile circumstances.
There is added pressure on pharma companies as increased regulatory requirements have led them to establish net-zero or carbon-neutrality goals, as well as make efforts toward immediate reduction in greenhouse gas emissions.
August 04, 2022 | M&A
ESG and sustainability goals are fast becoming part of all facets of a business as companies and investors realize the multiple benefits of a socially conscious organization.
Along with traditional profits, now ESG criteria are also being considered in valuing companies.
Global asset manager BlackRock, for instance, has made factoring in climate risk into the value of securities a standard practice.
August 03, 2022 | Sourcing Strategy
In a 2021 survey by MIT and the Council of Supply Chain Management Professionals, 59% of respondents said their companies had invested in increasing sustainability of their supply chains.
For businesses producing goods, their supply chains generally have a significant negative impact and related costs on the society and environment. The supply chains are responsible for the bulk of greenhouse gas emissions, also referred to as Scope 3 emissions.
August 02, 2022 | Supply Chain Strategy
Sustainability KPIs and metrics for sustainable supply chains enhance business impact by driving efficiency in supply chain processes besides reducing operating costs. Dive in to know the essential sustainability KPIs for a sustainable supply chain.
