The 200 or so companies at the workshop generally seemed aware that value chains can offer the largest opportunities for emission reductions. Some have already set reduction targets, such as Walmart’s goal to eliminate 20 million metric tons of GHG emissions from its supply chain by 2015, but others were unsure even where to start.
What do Apple, HP and Dell have in common – apart from making computers? They all source electronics from Foxconn, the beleaguered Chinese company under fire for working conditions at its factories.
There is a clear lesson to be drawn from the ongoing Foxconn furor. Fortune 500 companies’ supply chains are increasingly under the microscope— by consumers, investors, and the media. This scrutiny benefits not just factory workers but also the environment. And while uncomfortable for companies caught in the spotlight today, in the longer-term it will help business, too. Here’s why.
Today the GHG Protocol launches two new global greenhouse gas accounting standards - for corporate value chains (scope 3) and product life cycle emissions. Janet Ranganathan, WRI's Vice-president for Science & Research, and Pankaj Bhatia, WRI’s Greenhouse Gas Protocol Director since 2004, describe the 12-year program's critical role in business and government efforts to address climate impacts.