We’ve been recognized as a world leader for supplier engagement on climate change
29 January 2018
We’ve been identified as a global leader for our actions and strategies to manage carbon and climate change across our supply chain, and we’ve been awarded a position on the Supplier Engagement leader board by CDP, the non-profit global environmental disclosure platform.
In a surge of climate leadership, 58 leading companies have earned a place on the second annual Supplier Engagement leader board, double the number featuring in the first year.
Over 3,300 companies were assessed by CDP on their supply chain engagement strategies. We’re among the 2% of organizations to be awarded a position on the leader board, in recognition of our actions to reduce emissions and lower climate-related risks in the supply chain in the past reporting year.
The Supplier Engagement leader board is released today in Closing the Gap: Scaling up sustainable supply chain practices, CDP’s Global Supply Chain Report 2018, written by CDP using analysis provided by McKinsey & Company. The report reveals that climate leadership is paying dividends, as awareness of climate change-related risks and opportunities is increasing down the supply chain. Over three quarters (76%) of suppliers responding to CDP have identified some inherent climate change risks to their business and more than half (52%) report that they have integrated climate change into their business strategy.
Dexter Galvin, Director of Corporates and Supply Chain at CDP said: “We congratulate the 58 leading companies, recognized on the Supplier Engagement leader board, that are harnessing their purchasing power to drive change across their supply chains. Big businesses have for some time understood the importance of managing their Scope 1 and 2 emissions, but Scope 3 emissions, hidden in the value chain – and far greater in volume – are just as vital if we are to deliver on the goals of the Paris Agreement.”
CDP is an international non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors, CDP leverages investor and buyer power to motivate companies to disclose and manage their environmental impacts. The Supplier Engagement leader board is available on CDP’s website.
As a member of CDP’s supply chain program, we’re one of 99 companies with over US$3 trillion in purchasing power working to engage its suppliers and tackle climate, water and forest-related risks in the its supply chain.