Study: Manufacturers cut 633M metric tons of CO2 from their supply chains in 2018
In 2018, 115 organizations wielding a combined purchasing power in excess of $3.3 trillion requested environmental information from 5,500-plus of their key suppliers.
With greenhouse gas (GHG) emissions in supply chains on average 5.5 times those of company’s direct operations, a new report from CDP, New York, reveals a step-change in corporate awareness and action on environmental impacts within the supply chain in the last decade.
In 2018, 115 organizations wielding a combined purchasing power in excess of $3.3 trillion requested environmental information from 5,500-plus of their key suppliers. This is an increase from just 14 organizations 10 years ago. Suppliers reported emissions reductions of 633 million metric tons of carbon dioxide – greater than the emissions of South Korea in 2017 – leading to collective cost savings of $19.3 billion.