The 2024 State of Supply Chain Sustainability report reveals the challenges companies face in aligning sustainability goals with actual progress. Companies are struggling to accurately track Scope 3 emissions, hindering their ability to make sustainable choices. Mark Baxa emphasizes the importance of collaboration and technological innovations to improve emissions tracking. Learn more about the report here and how it addresses the pressing issues in supply chain sustainability.
Growing Investor Pressure and Emissions Tracking Challenges
They must become CEOs of recycling companies, sorting out trash and limited resources to maximize the little progress they do make towards their sustainability goals! For instance, one of the largest challenges to measuring Scope 3 emissions, or a company’s entire carbon footprint. And this barrier means that there is no economic reason for the companies to invest their monies on green alternatives. This is where Mark Baxa believes, Collaboration and the advancement of technology will help clear these hurdles.
Importance of Collaboration and Technological Innovations
EMISSION TRACKING AND SUSTAINABILITYIn order to better track emissions, innovation, and collaborative efforts are key. For a more instant flavor: Businesses compete against one another in order to successfully implement social and environmental standards that consumers demand. It underlines the importance of using machine learning and data analytics to standardize emissions tracking, reducing the chances of fraud or misinterpretation. Giving rise to firms capable of evidence-based strategic interventions for the future of economic sustainability.
A Step Toward a Greener Future
Sustainability is at the Top of the Business Agenda, and so are Technologies and Collaboration that will make it happen Businesses, by virtue of collaboration working together and embracing top-line technologies can overcome barriers experienced in emissions tracking to realise their sustainability objectives. 2024 State of Supply Chain Sustainability Report and a Few Things to Celebrate and To Do for a Greener Future
