SUSTAINABILITY
NET ZERO : HOW PROCUREMENT PROFESSIONALS CAN STAY ON TRACK
Understand the complexities of procurement and the ways in which professionals can stay on track to meet net zero targets through strategy and technology
WRITTEN BY : GEORGIA WILSON
With 54 billion tonnes of CO2 being emitted each year , industry has entered into a critical decade for climate change . While 34 % of the world ’ s largest companies are committed to net zero , findings from Accenture indicate that investments emissions reduction need to double by 2030 in order to rescue this risk of 93 % failing to achieve their goals .
“ Even in a scenario where companies accelerate emissions reduction to twice the current rates in the years to 2030 and then three times after – 59 % would still fail by 2050 ,” says Accenture .
With this in mind , in this Special Report , Procurement Magazine speaks to leading executives from Informatica , OCS , and NCS Global to understand how in the context of procurement and supply chain , professionals can stay on track to meet their net zero targets .
Detailed breakdown of the industry key areas On average , Scope 3 emissions account for more than 80 % of an organisation ’ s carbon footprint , which encompasses everything that occurs in the supply chain – such as goods and services purchased , extraction and transportation of raw materials , business travel and the use of sold products . It can also include emissions from leased assets , investments and franchises .
136 April 2024