Supply Chain GHG monitoring
STEPPING UP TO A SUSTAINABLE FUTURE
As governments around the world continue to tackle the coronavirus pandemic, many of us are adjusting to a new normal characterized by social distancing and other measures to slow the rate of contagion. The indirect health and societal benefits, no matter how significant, offer no cause for celebration right now. However, when the immediate health crisis and economic downturn are over, the world will be presented with a choice. Carbon emissions could come surging back if countries lean heavily on carbon-intensive energy sources and historically low oil prices to rebuild their economies. Alternatively, countries could mobilize strategies that align with global climate goals and respond with renewed vigor in tackling the climate crisis. This could be an opportunity for businesses to embrace strategies that decouple growth from emissions and for the investment community to accelerate the flow of capital to more sustainable assets.
Green Metrix is a Supply Chain GHG Emissions Monitoring Solution. Green Metrix, powered by CEL and based on the GHG Protocol and GLEC Framework, consolidates companies’ supply chain data and computes the accurate and granular measures of CO2 emissions. Results are displayed in the Comprehensive GHG Online Dashboard and can be used to automate report generation. Additionally, custom models can also be developed to monitor the full supply chain footprint over time in any type of industry.
What could this mean for businesses? How can companies start to embrace strategies that support the low-carbon transition? One of the tools they have used in recent years is to set carbon reduction targets that align with the central goal of the Paris Agreement to limit global warming to well below 2°C. These targets provide companies with a clearly defined pathway to future-proof growth by specifying how much and how quickly they need to reduce their carbon emissions. Close to 60% of global greenhouse gas (GHG) emissions come from supply chain activities. However, the vast majority of companies still do not measure their footprint and consequently still cannot act on it, and many companies that don’t engage their suppliers have effectively outsourced their emissions to their supply chain and, particularly, to emerging markets.
A journey of a thousand miles begins with
a single step: Measure GHG the Right Way
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WHY MEASURE YOUR CARBON FOOTPRINT?
Close to 60% of global greenhouse gas (GHG) emissions come from supply chain activities. However, the vast majority of companies still do not measure their footprint and consequently still cannot act on it.
Shareholders are increasingly expecting companies to disclose their carbon emissions, so they can understand their impact on the environment and human health and act on it.
More and more companies are voluntarily reporting their emissions and setting reduction targets. Nowadays, more than 2,500 companies, accounting for 56% of global market capitalization, are already reporting their carbon emissions to the Carbon Disclosure Project (CDP).
In the near future, regulatory reporting requirements and carbon taxes could become a reality, hindering the performance of companies that still do not monitor their emissions.
In addition, as consumers are increasingly aware of sustainability, being transparent on environmental footprint adds brand value and brings a competitive advantage to businesses. Actions towards emission reduction can also represent cost savings, for example by installing energy-efficient lighting, reducing manufacturing waste, and shifting to more efficient modes of transport.
HOW GREEN METRIX WORKS?
Green Metrix uses supply chain data to model and report your company’s emissions. Green Metrix can handle different sources of data (e.g. excel, ERP, WMS, TMS, big data, public data...). Thanks to simple or more advanced integration to your systems, Green Metrix continuously feeds its algorithms with transactional data. Measures are computed on the go and are rendered into an advanced online dashboard. High-level dashboards include:
Absolute emissions value (tCO2e);
Emissions intensity (e.g. tCO2e/$ revenue, tCO2e/ton…);
Total fuel and electricity consumption.
Granular insights by:
Time period: Year, Month, Day
Site: customer, factory, warehouse, supplier
Product: SKU, Product Family
Location: country, zone, city, region
CEL PROTECTS YOUR DATA INTEGRITY
Data is the new oil in the contemporary digital world and your data can be compromised for commercial purposes. Data integrity of your organization is treated as if CEL's prestige and we provide you with the following commitments.
Confidentiality Controls: No publishing or selling information and data of clients to other third parties.
Device Authentication: Only you are provided authentication access to your data dashboard unless you want to publish your information to others (for example, investment appealing or reporting purposes).
Track Record of High Availability: Monthly, quarterly, or annual availability figures are customized based on your specific needs.
Official Contract: CEL guarantees the above statements with a mutual agreement contract for data integrity.
Regarding the troublesomeness resulting from the complexity of your supply chain, CEL goes along the way with you to deal with the scatters of data availability.