As expectations mount for companies to have a strategy in place for SupplyChain Sustainability . CSCOs need to take a closer look at supplier operations according to GartnerSC analyst Lindsay Azim. Read the latest Q&A to learn more: via Gartner_inc
Q: Why is it important for Supply Chain leaders to understand their suppliers’ sustainability practices?For many organizations, Scope 3 emissions in the upstream supply chain, or emissions related to suppliers and outside of their direct control, are much higher than emissions from direct operations . Not only can suppliers contribute significantly to an organization’s carbon footprint, but suppliers are exposed to physical climate risks that increase the rate of disruption.
Having visibility into supplier sustainability practices is critical to meeting greenhouse gas reduction targets, improving the environmental impact of products and services, and building more resilient supply chain networks. Q: What role should supply chain leaders have in helping suppliers advance sustainability initiatives within the supplier’s organization?Suppliers often lack the resources and skills to drive emissions reductions on their own, requiring collaboration and partnership to enable progress. Supply chain leaders should engage and incentivize key suppliers that have significant impact on the organization’s carbon reduction goals.
Supplier engagement is not a one size fits all and can be a range of support including guidance on setting targets and tracking GHG emissions, identifying opportunities for energy efficiency, financing, and peer networking opportunities.Supplier sustainability must be embedded into existing procurement processes across the entire supplier lifecycle.
Procurement leaders should set expectations early with supplier selection criteria, include sustainability KPIs in scorecards, and hold suppliers accountable for continuous improvement. Leveraging technology to track progress can allow valuable resources to focus on strategic activities such as building supplier awareness and capability.
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