As oil prices increase, the pressure for corporate environmental responsibility mounts, and environmental regulatory regimes become more unpredictable, some companies are taking control and moving out in front of consumers and governments to develop their own carbon management strategies. Outdoor retailers for example, have developed an Eco-Index which includes carbon management as part of a full life-cycle product assessment, Walmart has developed procurement practices which include carbon considerations and Coco-cola and Unilever have initiated a pilot project with the World Business Council on Sustainable Development to reduce carbon in their value chain.
For many retailers, their supply chains are global and complex. Managing the carbon in these supply chains involves many partners, processes and policies. Although many companies can identify where their carbon resides, there are significant hurdles at the local, cross-industry and global level to overcome. Fortunately, there are also a number of tools and initiatives that have emerged to help companies measure, manage, disclose and ultimately reduce carbon in their supply chain.
Carbon Talks convenes dialogues to develop sector wide approaches to supply chain carbon management. Working with existing businesses associations, Carbon Talks helps businesses identify best practices, develop approaches to policy, research, and communication and build leadership capacity.