Scoping out: Tracking nature across the supply chain
CDP
The new CDP Global Supply Chain Report 2022 reveals that of the 18,500+ companies disclosing through CDP in 2022, more than 7,000 companies reported that they engaged their suppliers on climate change.
To combat the climate and ecological emergency, alongside reducing their greenhouse gas emissions, companies must take actions such as conserving, protecting and restoring ecosystems, adopting more sustainable agriculture and forestry practices, preserving water resources, and ensuring a circular economy.
For most companies, these actions will only be possible if they look beyond the impact of their direct operations. They need to exert their full influence by engaging suppliers and bringing them along on this journey.
16,462 suppliers disclosed to CDP at the request of their corporate customers last year. They reported total savings of 70 megatonnes of CO2 – equivalent to the energy use of 9.8 million homes per year – due to CDP Supply Chain member engagement, showing that engagement does drive action globally and hold companies accountable.
In the report, CDP considers whether companies are ready to take action on nature impacts in their supply chain by examining their responses on how they are tackling climate change, deforestation and water security.