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Sustainability in the supply chain

The FSI featured by Gary Frantz and DC Velocity news site in the article titled, "Sustainability in the supply chain: More Emissions reporting challenges ahead?"

The landscape of sustainability programs is evolving rapidly, spurred by the U.S. Securities and Exchange Commission's (SEC) recent adoption of new rules regarding Climate-Related Disclosures for Investors. These regulations demand comprehensive reporting on greenhouse gas emissions, not only from direct operations but also from activities across the supply chain. This shift presents significant challenges for fleet operators, third-party logistics providers, brokers, and shippers, who must now refine strategies and tools to gather, validate, and report emissions accurately.

The SEC's new rules require public companies to disclose Scope 1 and Scope 2 emissions, covering emissions from owned or controlled assets and indirect emissions like purchased energy. However, Scope 3 emissions, generated by supply chain activities, are not currently included. Despite this, companies are recognizing the importance of emissions reporting, driven not only by regulatory compliance but also by investor and consumer sentiment. Organizations like DHL Supply Chain and Estes Express Lines are already taking proactive steps to quantify and reduce their carbon footprints, leveraging innovative technologies and partnerships to navigate this new landscape. Furthermore, emerging solutions such as the Fleet Sustainability Index developed by Sustainable Logistics are poised to revolutionize emissions reporting by providing comprehensive, granular data to inform sustainability initiatives and drive meaningful change across the industry.

Sustainable Logistics
Post by Sustainable Logistics
May 06, 2024