EcoVadis’ Post

The Carbon Border Adjustment Mechanism (CBAM) is reshaping global trade by introducing strict requirements for emissions reporting. However, many suppliers are struggling to meet these standards, leaving businesses exposed to compliance risks and operational challenges. Join Julia S. and Marie Thorn 🌏 tomorrow to explore how you can turn this challenge into an opportunity. Gain practical insights on how to support your suppliers in preparing for CBAM compliance while enhancing transparency and driving decarbonization across your value chain.

💡 Join our Solution Spotlight webinar to discover how EcoVadis Carbon Action Manager can empower your carbon action journey. With the Carbon Border Adjustment Mechanism (CBAM) now in effect, the race to decarbonize supply chains has intensified. Yet, only 14% of companies are reducing emissions in line with their goals. The challenge? Most emissions lie hidden in supply chains, and engaging suppliers with limited carbon maturity to accurately assess and report emissions is a daunting task. In this session, we’ll show you how to: ✅ Identify carbon hotspots and prioritize supplier engagement ✅ Assess supplier carbon maturity with tailored evaluations ✅ Collect primary and product-level emissions data to improve Scope 3 calculations ✅ Drive actionable reductions with scalable collaboration and customized plans Simplify supplier engagement, support CBAM compliance, and make real progress toward decarbonization goals! 📍 Register here: https://ecovad.is/3ZafeG7

Supplier engagement is critical to Scope 3 action -Engaging suppliers is essential for managing Scope 3 upstream emissions, as doing so aligns climate ambitions across the entire supply chain. -Corporates can leverage their purchasing power to kick-start a feedback loop and cascade change across their supply chains. -The first step to action is to create transparency on supplier emissions data. This, in turn, supports corporates in setting targets and enables them to institute contractual obligations (for example, incentives) for suppliers in line with their transition plan (including targeted decarbonization levers). -Engaging with suppliers drives a disproportionate impact on setting upstream Scope 3 targets. Corporates that engage with suppliers are 6.6 times more likely to have a target and a transition plan that is aligned to 1.5°C. #SupplierEnagagement #PlanetSustech #Scope3 #Sustainability #ESGReporting with Planet Sustech CDP Boston Consulting Group (BCG) Big Challenges, Simple Remedies June 2024 

Managing emissions along the supply chain, so called upstream Scope 3 emissions, is becoming a strategic priority, especially as environmental regulations tighten. There are obvious tensions with the other three classic supply chain management goals (cost, quality, and reliability), necessitating trade-offs to maintain balance. In this brief article, we outline how procurement can support supply chain emissions transparency, thus helping companies define their strategies and balance commercial requirements against sustainability measures.

🏆 ECOVADIS SILVER MEDAL 🏆 DK Commodity Co., Ltd proudly announces its achievement of the Silver EcoVadis Medal 2021, placing us in the top 25% of companies evaluated by EcoVadis. This prestigious recognition reflects our long-standing commitment to sustainable development and unwavering focus on social responsibility in all our endeavors. Being among the select few companies in Vietnam to receive this honor showcases our board of directors' dedication to long-term sustainability. EcoVadis has recognized our efforts in environmental stewardship, labor and human rights, ethics, and sustainable procurement, portraying our company as a leader in responsible business practices. While we celebrate this milestone, our journey towards sustainability does not end here. We remain steadfast in our pursuit of continuous improvement and are determined to achieve even greater success in the future. For us, the essence lies not just in achievements but in the enduring impact of our socially responsible actions on our customers, employees, partners, and suppliers. #EcoVadis #SilverMedal #Sustainability #SocialResponsibility #DKCommodity

All organisations can have the opportunity to make critical sustainability contributions through more efficient data storage policies and practices. See how with Veritas Technologies LLC VP Asia South & Pacific, Andy Ng in Digicon Asia here.

A supplier emissions management strategy is vital for companies pursuing Net Zero targets 🎯 Why is it important to start now? Regulations ⚖️ From CSRD to CBAM, companies are being requested to present a supply chain emissions mitigation strategy backed with credible and trustworthy data to meet the requirements of new regulations impacting businesses today. Standards 🪧 Accurate Supplier emissions data helps companies demonstrate climate leadership when reporting to CDP or EcoVadis. Equipped with this data, they protect themselves from greenwashing, now and in the future. Science-Based Targets 🎯 With scope 3 recognised as the largest source of emissions, the Science Based Targets initiative makes supply chain emissions analysis and reporting a requirement for setting targets. Reaching Net Zero by 2050 starts with sustainable procurement today. By acting now, companies can demonstrate measurable progress and equip themselves to make data-driven procurement decisions. You can read more about why companies are taking sustainable procurement action now in Emitwise’s new eBook: https://lnkd.in/eWwKsQzZ 🔗 #netzero #sustainableprocurement #lowcarbon #procurement #decarbonisation #sustainability #emitwise #climatechange #scope3 #supplychain

Want to learn more about how data-driven decisions can drive #sustainable procurement and help achieve #NetZero goals? Download Emitwise's new eBook: "How to Run a Data-driven Sustainable Procurement Strategy."📖🌿 🔗 Linked here: https://lnkd.in/eWwKsQzZ

Naama Avni Kadosh, Director of Partnership for Carbon Transparency (PACT) at WBCSD – World Business Council for Sustainable Development, delivered a thought-provoking presentation at the Net-Zero Supply Chain Summit in Amsterdam. Her session, titled "Beyond Compliance: Decoding Scope 3 Data for Real Decarbonization," focused on the distinction between regulatory compliance and truly impactful decarbonization efforts. Naama highlighted that while collecting Scope 3 emissions data is crucial for compliance, it alone does not drive significant emission reductions. Instead, businesses should leverage reliable data to make strategic decisions across supply chains, product development, and innovation. She also addressed misconceptions about the complexity and cost of engaging suppliers in this process. Key points from her presentation included: - Breaking myths around Scope 3 emissions and their perceived complexity - Using data for real decarbonization rather than just reporting - Transitioning from compliance to impact, focusing on meaningful emission reductions - Adopting a unified Scope 3 methodology to facilitate effective supplier engagement Naama's insights offered practical solutions for businesses looking to move beyond compliance and drive real change in their supply chains. Stay tuned for more updates from the summit! #NetZero #Sustainability #SupplyChain #Scope3 #Decarbonization #PACT #NetZeroSCM2024

Naama Avni Kadosh, Director of Partnership for Carbon Transparency (PACT) at WBCSD – World Business Council for Sustainable Development, delivered a thought-provoking presentation at the Net-Zero Supply Chain Summit in Amsterdam. Her session, titled "Beyond Compliance: Decoding Scope 3 Data for Real Decarbonization," focused on the distinction between regulatory compliance and truly impactful decarbonization efforts. Naama highlighted that while collecting Scope 3 emissions data is crucial for compliance, it alone does not drive significant emission reductions. Instead, businesses should leverage reliable data to make strategic decisions across supply chains, product development, and innovation. She also addressed misconceptions about the complexity and cost of engaging suppliers in this process. Key points from her presentation included: - Breaking myths around Scope 3 emissions and their perceived complexity - Using data for real decarbonization rather than just reporting - Transitioning from compliance to impact, focusing on meaningful emission reductions - Adopting a unified Scope 3 methodology to facilitate effective supplier engagement Naama's insights offered practical solutions for businesses looking to move beyond compliance and drive real change in their supply chains. Stay tuned for more updates from the summit! #NetZero #Sustainability #SupplyChain #Scope3 #Decarbonization #PACT #NetZeroSCM2024