Carbon Performance a Key Determinant for Suppliers

A full half of multinational companies plan to select suppliers based on carbon performance, according to a study by Carbon Trust Advisory.   The research says that 29% of suppliers are likely to lose their places on green supply chains if they do not have adequate performance records on carbon. The research also finds that 58% of multinationals will in the future pay a premium for low carbon suppliers to reduce their overall corporate carbon footprints.   Apparently suppliers are in the hot seat- are you one of them?  Carbon isn't the only critical factor in supplier evaluation.  Water and energy management are also becoming critical sustainable business strategies to address with internal and external supply issues.  To unprepared organizations, the business risks of carbon, water, and climate change disclosure takes many forms:   •    Potential increase in operating cost •    Potential increase in supply costs •    Potential disruptions to supply or loss of supplier relationships •    Potential loss of revenue or market share •    Potential to business reputation  •    Potential inability to secure investment dollars or capital    As if these reasons alone weren't enough to green the supply chain, consider the top 10 reasons why most companies are incorporating sustainability into the supply chains.  Click here to continue reading about Carbon Performance as Key Determinants for Suppliers.   

Home to one third of the earth's trees, the Taiga is the largest land-based biosphere and encircles the globe. Its immense oxygen production literally changes the atmosphere and refreshes the planet. It is this continuous renewal that has shaped Taiga Company's vision to drive similar change in the business world. Taiga Company seeks to be the "oxygen for your business".