A survey carried out by the Carbon Trust shows that there will be considerably more pressure on suppliers to multi-national companies to maintain accurate records of their carbon performance. Those that don’t may find themselves losing out on bigger contracts.
The survey showed that 58% of multi-national companies will be prepared to pay a premium to low carbon suppliers, because of the positive impact it has on their own carbon footprint. It also indicated that 29% of suppliers could lose coveted positions in ‘green supply chains’ if they fail to maintain adequate records on carbon performance.
This can be a major problem for many suppliers, whose carbon-related data may be spread across many sites in different systems and formats. Pulling that information together efficiently and quickly can be very resource-intensive, eroding the potential profits that come with any extra business that may be won.
The answer is to put systems in place that will make the measurement and management of carbon performance part-and-parcel of everyday activities. Such systems should extract the data that is required, convert it to a common format and make it available for reporting in different ways.
Or they may choose to outsource this area of their activities. However, those companies providing sustainability management services will face the same challenges and will need to put similar measures in place.
An obvious answer is Causeway Sustainability iQ, an advanced sustainability and carbon management system for use in-house or for service providers that want to offer additional, value added services.