For companies moving goods around the world, rethinking inventory strategy is one of the keys to unlocking significant progress towards Scope 3 targets.
There are three distinct categories of company when it comes to progress towards Net Zero. Those that have made progress and are seeing the benefits of their actions. Those that have tried to make progress but have failed to see the benefits and are now disillusioned. Those that have not yet started. Unfortunately for the world, the majority of companies fall into the second or third category.
In the absence of using a dedicated framework like Zero Pro, many companies are relying on using tools such as Excel to manage the data they need to progress towards their Net Zero goals.
A common mistake that companies are making is trying to achieve 100% accuracy with their environmental calculations. Its also influenced by that there are many platforms appearing that offer this level of accuracy.
The business case for a more rounded approach This may initially sound counter intuitive, but if we see Net Zero as a standalone objective, we are not using our capital and resources efficiently.
Of course we do, we all cry! We want to ensure we leave a better world for our children and grandchildren.
One of the biggest challenges the world has with regards to Net Zero is no one sees it as a burning bridge.
Since the announcement of Net Zero, companies have progressively built out sustainability teams to help them progress towards their own goals and objectives.
For many companies, the number of suppliers involved in the overall supply chain can be in the thousands, and in some cases, tens of thousands.
It’s time for companies to rethink their Net Zero strategies and make time to properly understanding what the business does today and decide on what it wants to do in the future. If this happens then we stand a chance at achieving Net Zero at some point in the future.