Forética presents the keys to progress in the decarbonization of the corporate supply chain

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Forética

Forética has presented the report 'Towards the decarbonization of the supply chain. Collaboration with suppliers, the key piece', which includes five recommendations for business action in working together with suppliers to achieve the goal of zero net emissions.
The Climate Change Cluster, promoted by Forética and made up of more than 80 large companies - headed by Bankinter, Chiesi, ENGIE, Grupo Cooperativo Cajamar, LafargeHolcim, Naturgy and Nestlé - shares the most important trends, challenges and opportunities regarding decarbonization of the supply chain.

Forética has presented the report 'Towards the decarbonization of the supply chain. Collaboration with suppliers, the key piece'. published within the framework of the Climate Change Cluster -a business platform of reference in Spain in this area, led by Forética with more than 80 large companies - headed by Bankinter, Chiesi, ENGIE, Grupo Cooperativo Cajamar, LafargeHolcim, Naturgy and Nestlé.

As already anticipated in the report published by Forética 'The importance of Scope 3: from measuring my own impact to considering the value chain', greenhouse gas (GHG) emissions generated by companies' value chains are the main category of emissions in almost all economic sectors. In fact, GHG emissions in a company's supply chain are, on average, 11.4 times higher than operational emissions, one of the key issues discussed at COP27 on climate change in Egypt.

Ana Herrero, Director of Projects and Services at Forética, says: "An effective corporate climate change strategy requires a detailed understanding of the company's total greenhouse gas emissions. In this sense, collaboration with suppliers is the key piece in the path towards the decarbonization of the economy. Through collaborative projects and incentives, companies must boost the climate commitment of their suppliers."

Business action to achieve zero net emissions in the value chain

The report includes five recommendations for corporate action in working together with suppliers to achieve the goal of zero net emissions: the development of climate capabilities, the inclusion of climate clauses in the contracts of selected suppliers, the implementation of financial incentives that reward suppliers' climate performance, the development of actions that involve some type of sanction for suppliers that do not meet the objectives, and public recognition of their commitments and progress in the matter.

Raquel Canales, Manager of Forética's Climate Change Cluster, highlights: "In order to effectively address the Scope 3 emissions inventory, it is essential to maintain the commitment of customers and suppliers in the long-term exchange of information. The increasing business escalation to achieve 'Net Zero' objectives makes it necessary for companies to define a decarbonization strategy by applying the technical criteria correctly and carrying out concrete, measurable and quality actions, which inevitably includes the consideration of the supply chain in a prominent way".

The business meeting held within the framework of the Climate Change Cluster analyzed the most important international trends in this field, with the participation of Nicolas Duvoisin, Senior Associate of Climate Transparency, and Uta Jungermann, Senior Manager of Member Support & Global Network, from the World Business Council for Sustainable Development (WBCSD).

In addition, high-impact experiences on climate management in the supply chain have been heard from member companies of the Cluster. These were shared by Juan Antonio López, Director of Energy and Environmental Optimization at Damm and Delia García, Director of Sustainability and CSR at L'Oréal.

The Climate Change Cluster seeks to boost business ambition towards zero net emissions, accelerate climate action, facilitate networking among companies and promote alliances and dialogue with key public administrations.

The cluster, led by Forética -and headed by Bankinter, Chiesi, ENGIE, Grupo Cooperativo Cajamar, LafargeHolcim, Naturgy and Nestlé- is made up of more than 80 large companies: Accenture, Adif, AIRBUS, Alsea, Amazon, Atresmedia, AstraZeneca, Bayer, CaixaBank, Campofrío, Capital Energy, CAPSA Food, Cecabank, Cellnex, Cepsa, Cerealto Siro, CESCE, CIE Automotive, Coca-Cola Europacific Partners, Damm, Deloitte, Ebro Foods, Ecoembes, Ecovadis, Ecovidrio, EDP, El Corte Inglés, Emasesa, Enagás, Enaire, Enresa, Ferrovial, Fundación ONCE, Gestamp, Grupo Antolin, Grupo ASISA, Grupo EULEN, GSK, HeidelbergCement, HEINEKEN, ICO, IberCaja, Iberdrola, IKEA, ILUNION, ISS, KPMG, Kyndryl, Lilly, L'Oréal, Mahou San Miguel, Mapfre, Mazars, Mediaset España, Mercadona, MSD, Navantia, OHLA, Pascual, P&G, Quirónsalud, Reale Seguros, Redeia, Reganosa, Sanitas, Santander, SAP, Sacyr, Solarpack, Solvay, Sprinter, TÜV Rheinland and Vodafone.

In 2022, for the seventh year, the Cluster's activities have been structured under the theme 'Moving to action for net zero: beyond business boundaries', with the aim of addressing the need to understand climate change from a cross-cutting perspective for the company, presenting at the 'Net Zero - Spanish Business Forum' meeting held in June the keys and opportunities for progress towards net zero emissions.

In addition, the latest advances in climate reporting were shared, with a focus on climate taxonomy related to climate change mitigation and adaptation objectives.