By Kimberly Reynolds
With the COP21 negotiations taking place, excitement for solutions to climate change is high at the generation climate conference next door. One discussed solution is a market-based approach by increasing sustainability through supply chains to “decarbonize” the world. Across all producers and companies, only 14 percent of a company’s emissions are direct, while 86 percent are in the supply chain. Thus to achieve substantial reductions in CO2 emissions, all multinational corporations (MNCs) and a myriad of small and mid sized enterprises (SMEs) must also look to emission reductions during purchasing and procurement.
Ecovadis, a company that provides expertise on corporate social responsibility, encourages both buyers and providers of products to reduce their use of carbon emissions. On the buyers end, this comes in the form of forming partnerships with suppliers in reducing their carbon emissions during production. On the providers end, this consists of reducing CO2 emissions…
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