Less than 1 in 20 suppliers have climate transition plans

Less than 5 per cent of suppliers to large corporates have climate transition plans in place. This is according to the CDP report that surveyed corporate members.

The results show moderate action on measuring and tackling environmental impacts resulting from direct operations of large companies, but a shortfall in those of suppliers.

On climate change, 75 per cent reported their Scope 1 and 2 emissions and took actions to reduce these emissions by a total of 231 million tonnes of carbon, but action is not yet cascading down the supply chain. Alongside insufficient tracking, CDP data also illustrated a lack of engagement with suppliers. For example, on climate change, only 20 per cent reported data for Scope 3 category and less than 5 per cent of suppliers have put in motion climate transition plans, worse, over half have no climate targets at all.

    Share Story:

Recent Stories