Procurement Magazine July 2023 | Page 76

CARBON FOOTPRINT
However , it ’ s well-known that 70 % of transformations fail despite best efforts , so sustaining engagement with net zero will also be vital in achieving initiatives and goals . Education , maintaining momentum , and keeping up with innovations , technologies and new alliances will be top priorities for those leading the charge . Being clear from the outset on the desired sustainability outcomes and internal policies will also help to drive engagement .
As a result , Scope 3 – of which procurement is responsible for the largest proportion of — will be vital for supply chains going forward if they are to become net zero . The key will be for organisations to tackle the missing link between corporate and operational levels in procurement by working together holistically . Pennicke concludes that connecting the corporate and operative carbon footprint by deriving and prioritising mitigation strategies along the value chain , procurement and the wider supply chain can realise results according to ESG targets .

“ One of the biggest challenges now [ for companies ] is to deep-dive assess how much emissions they can reduce depending on a certain measure , product , or material ”

JASMIN PENNICKE SENIOR MANAGER , PWC
76 July 2023