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How to integrate sustainability into your business strategy part 3 of 5
How we create tomorrow’s value chain is focusing on reducing the negative, and maximising the positive sustainability impacts from our value chain.
From a climate perspective, this means that we aim to influence our value chain, both our suppliers and our clients to reduce GHG emissions in line with the 1.5°C climate ambition.
As we mentioned in part 2 “As a consultancy firm with no manufacturing, our direct negative impact from a global sustainability perspective is limited.”, does not mean we should not influence our value chains. We still have the responsibility and not at least the commitment towards both our colleagues and owners to follow the set strategy i.e integrating sustainability as a driver in all aspects of our business.
Before sharing examples on how we do it, let me shine some light on some of the 1.5°C Supply Chain Leaders External link, opens in new window. that are driving climate action throughout global supply chains. I’m talking about big companies with big value chains and the potential to have a big impact on global supply chains. Companies like Ericsson, Microsoft, IKEA, and Telia have all committed to reducing their greenhouse gas emissions across their chain in line with the 1.5°C ambition and that means working with their suppliers to reach collective targets. They aim to reduce greenhouse gas emissions through firm action and collaboration, while looking to inspire others to do the same.
Ericsson, as part of joining the 1.5°C Supply Chain Leaders initiative also committed to and joined the SME Climate Hub External link, opens in new window. - a platform for the provision of tools, knowledge and best practice.
This is how we create tomorrow’s value chain
It always, in some way or other circles back to strategy, targets and tools. But let’s share some examples on how we do this.
- We target net zero emissions for the value chains and halve emissions in less than 10 years. In this work we plan to revisit the procurement guidelines and supplier Code of Conduct criteria’s to increase the pressure on suppliers and also encourage clients to apply with the 1.5°C Business Playbook to align our strategies going forward.
- We use Procurement guidelines and our suppliers must sign our Supplier Code of Conduct, which aligns with our Code of Business Ethics and Conduct in all material aspects, including our environmental guidelines. This guides us what suppliers to use and choose. A concrete example is that we have replaced our own data centres with cloud service providers to only cover the needs of our business, which has reduced our emissions. (see sustainability report for tables)
Learn more in depth about how we create tomorrow’s value chain External link, opens in new window.. If you have any input or questions, feel free to connect with me on LinkedIn External link, opens in new window.
Read the next blog Integrate sustainability into your business strategy part 4. In part 4 I’ll share how we create tomorrow’s business – this is where we move our focus from footprint (just doing less bad) to handprint (contribute).
About the series how to integrate sustainability into your strategy
In this series we share how we integrated sustainability into our business strategy and every aspect of our company and hopefully it will inspire and serve as an example of how you can do it too. The series is built on fragments from our 2020 Sustainability report.
Posted by: Emil Svensson
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