What are the best ways to engage suppliers in reducing greenhouse gas emissions?

Reducing greenhouse gas (GHG) emissions is a key challenge and opportunity for the oil and gas industry, as it faces increasing pressure from regulators, investors, customers, and society to align with the global climate goals. One of the most effective ways to achieve this is to engage suppliers in the value chain, as they account for a significant share of the industry's emissions. In this article, we will explore some of the best ways to engage suppliers in reducing GHG emissions, and how they can benefit both the industry and the environment.

1 Set clear goals and expectations

The first step to engage suppliers in reducing GHG emissions is to set clear and measurable goals and expectations for them, and communicate them clearly and consistently. This can include setting specific targets for emission reductions, reporting requirements, performance indicators, incentives, and penalties. By doing this, the industry can signal its commitment to reducing GHG emissions, and motivate suppliers to align with its vision and strategy.

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Greg Nathan
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In my experience, its best to tackle the heart of the issue of creating sustainable technology initiatives that reduce emissions at a local level, levels of interconnection between countries and within the global community.

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2 Provide support and guidance

The second step to engage suppliers in reducing GHG emissions is to provide them with the necessary support and guidance to achieve the goals and expectations. This can include providing technical assistance, training, best practices, tools, and resources to help suppliers identify, measure, and reduce their GHG emissions. The industry can also facilitate collaboration and knowledge sharing among suppliers, and create platforms and networks to exchange ideas and solutions.

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Greg Nathan
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Sound economic plans with outcomes measurement need to drive GHG reduction over the short and long terms. The private sector needs to tightly collaborate with the public sector so that pure economic outcomes are the focus without the need for subsidies.

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3 Recognize and reward achievements

The third step to engage suppliers in reducing GHG emissions is to recognize and reward their achievements and progress. This can include providing feedback, recognition, awards, publicity, and preferential treatment to suppliers who demonstrate leadership and innovation in reducing GHG emissions. By doing this, the industry can foster a culture of continuous improvement, and encourage suppliers to go beyond compliance and seek competitive advantage.

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Greg Nathan
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If goals of GHG are achieved by innovation then the communities themselves would shout out these positive achievements which goes beyond compliance and gives the society a competitive advantage.

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4 Monitor and evaluate performance

The fourth step to engage suppliers in reducing GHG emissions is to monitor and evaluate their performance and impact. This can include collecting, verifying, and analyzing data on suppliers' GHG emissions, and comparing them with the goals and expectations. The industry can also conduct audits, assessments, and surveys to evaluate suppliers' compliance, satisfaction, and challenges. By doing this, the industry can track and measure its progress, and identify gaps and opportunities for improvement.

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5 Innovate and collaborate

The fifth step to engage suppliers in reducing GHG emissions is to innovate and collaborate with them to find new and better ways to reduce GHG emissions. This can include co-creating and co-investing in new technologies, processes, products, and services that can lower GHG emissions, and sharing the risks and benefits. The industry can also partner with suppliers to advocate for policy changes, standards, and initiatives that can support GHG emission reduction.

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6 Showcase and share success stories

The sixth step to engage suppliers in reducing GHG emissions is to showcase and share their success stories and best practices with the wider industry and society. This can include publishing case studies, reports, articles, and videos that highlight the achievements, benefits, and lessons learned from reducing GHG emissions with suppliers. By doing this, the industry can demonstrate its leadership and responsibility, and inspire others to follow its example and join its efforts.

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7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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What are the best ways to engage suppliers in reducing greenhouse gas emissions?

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1 Set clear goals and expectations

2 Provide support and guidance

3 Recognize and reward achievements

4 Monitor and evaluate performance

5 Innovate and collaborate

6 Showcase and share success stories

7 Here’s what else to consider

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