Midland businesses are prepared to take the lead when advising partners in their supply chain about the importance of disclosing emissions and climate change information, according to sustainability experts at PricewaterhouseCoopers.
A report prepared by PwC in support of the Carbon Disclosure Project has revealed that more than 630 suppliers to 34 global companies – including PepsiCo, Vodafone, National Grid and Unilever – are providing information externally about their carbon footprint and climate change strategies.
Of these, almost three-quarters are disclosing emissions and climate change information for the first time.
The report is the first of its kind to examine attitudes to carbon disclosure and climate change in the global supply chain. It assesses how businesses of all sizes are responding to the call for action and greater transparency in managing carbon emissions and addressing climate change.
The report shows how companies in the Midlands are gathering information from suppliers about their activities related to carbon emissions and climate change adaptation, raising awareness of its importance as a business issue and reducing risk in the supply chain.
They can also help suppliers in a practical way by identifying specific areas to focus emissions reduction efforts.
Clare Marsh, a senior manager at PwC in the Midlands, said: “Many Midland businesses are already setting an example for others in the supply chain by demonstrating that it is not only possible to integrate sustainable business practices into their supply chain strategy but it can also be extremely beneficial. This is as much about good management as it is about climate change leadership.
“It is important that the Midland business community continues to support take-up of sustainability issues and speed the way to the low carbon economy.”