Companies are now requiring their suppliers to address carbon management as a core business issue. A plan to deselect some suppliers in the future for failing to meet carbon management criteria set by the companies. These organizations are increasinigly developing strategies for engaging with suppliers on carbon related issues amd have emissions or energy reduction plans in place.
According to a report released last month by the Carbon Disclosure Project (CDP), the world’s largest companies need to double the pace of CO2 reduction to avoid dangerous climate change. Based on current reduction targets, the world’s largest companies are on track to reach the scientifically-recommended level of greenhouse gas cuts by 2089. This is 39 years too late to avoid dangerous climate change.
According to a new report released yesterday by IBM, nearly all electric utilities claim climate change is threatening power outages, higher costs and changes in usage as demand grows to power the world’s expanding cities. Over ninety percent of global electric utilities that report climate change activity to the Carbon Disclosure Project recognized they are at risk from changes in climate and water availability, which are already adding stress to the sector. However, less than a third claimed to undertake any financial or quantified evaluation to the impact of climate change on their business.
