Supply chains are the core of organization-wide sustainability goals and commitments – in many cases, more than 90% of an organization’s greenhouse gas emissions, and 50% – 70% of operating costs are attributable to supply chains. With the SEC’s proposed climate rules, companies will have to improve their ESG reporting (including Scope 1, 2 & 3) and consider the social impact a diverse and innovative supply chain can have on growth and economic strength as well as the opportunities it can create for communities.
Whilst it is crucial to work with sustainable suppliers, it is important for companies to be accountable for seeking out and implementing diverse and innovative supply chains which generates opportunities to drive growth, ensures competitive access, represents client and customer viewpoints and creates economic impact for their own business and for the diverse suppliers and community.
BAB has brought together an expert panel to explore the key areas that influence a diverse and impactful supply chain and what companies can do to ensure long-term growth, develop collaborative partnerships and improve reporting.
In this discussion the panel will explore
- Diversity – How do we drive large-scale change and develop collaborative partnerships that will address complex societal and environmental issues whilst identifying material risks and unlocking opportunities for improvements via business operations and upstream/downstream activities.
- Reporting – what can companies implement to advance their scope 3 reporting, improve transparency to measure progress and maximize value.
- Investment – what are investors are focusing on to improve supply chain resilience.
BAB’s Corporate Citizenship & Sustainability Series is a bespoke series of roundtables and business briefings covering critical Environmental, Societal and Governance (ESG) issues in business and private sector-led initiatives in support of COP, the UN Framework Convention on Climate Change and the UN Sustainable Development Goals (SDGs). This series provides a platform to stimulate debate and conversation amongst business leaders, relevant policy makers and stakeholders to advance the guiding principles of COP26 for the U.S.-UK transatlantic corridor.