Amazon reported earlier this week that its carbon emissions fell by 3% in 2023 as it cut spending on new construction of warehouses and data centers.
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Mainstream media is talking about sustainable procurement and addressing scope 3 emissions! Starting in 2024, Amazon's suppliers will be required to "share their emissions data, set emissions goals, and report on their progress" and this article focuses on the potential impacts to small and medium sellers and suppliers who may not yet be equipped to meet these new requirements. It's interesting to see the cascading effects of supplier engagement - Amazon is taking action because their customers are demanding it, and now their suppliers will be required to take action. We'll need to follow how large institutional purchasers support their smaller suppliers in their quest for emissions reduction - the SME Climate Hub is a great place to start. #sustainableprocurement #scope3
A big climate change stress test is coming for Amazon sellers and suppliers
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📦 Amazon is raising the stakes in the fight against climate change by focusing on its "highest-emitting" suppliers — those responsible for 50% of its supply chain emissions. As part of an update to its supply chain standards, Amazon will now require these suppliers to demonstrate concrete plans for reducing their emissions. 📊 In its 2023 Sustainability Progress Report, Amazon emphasized that suppliers who provide actionable plans and show results in their journey toward net-zero carbon emissions will be given priority. Those who don’t could face a reconsideration of their partnership over time. Amazon isn’t just setting demands; it’s also offering support through the Amazon Sustainability Exchange, featuring resources like: 🔹 Carbon Emissions Measurement 🔹 Electric Fleet Transition 🔹 Building Footprint Reduction 🔹 Water Conservation 🔹 Renewable Energy Sourcing This move, coming on the heels of Amazon’s broader requirement for all suppliers to report their emissions, signifies a major push towards corporate sustainability. Amazon's approach blends both the carrot and the stick: providing valuable resources while also enforcing accountability. Are we seeing a shift towards a new standard for corporate responsibility? #decadeofaction #sustainability https://lnkd.in/eE9UjSeU
Amazon to suppliers: We will ‘prioritize’ those who tell us their emission reduction plans | GreenBiz
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Helping the Energy Majors navigate, embrace and profit from the global E n e r g y ⚡️ T r a n s i t i o n
Amazon 's Substantial #carbon Reversal when factoring growth... The modest decrease is a shift for the company, which saw carbon emissions grow by roughly 10 million metric tons annually between 2019 and 2021. Kara Hurst, Amazon’s vice president of worldwide sustainability, said the reversal indicates the company is “making the right decisions” as it works to reduce its impact on the climate. Amazon pledged in 2019 to reach net-zero carbon emissions by 2040 as part of its Climate Pledge that now has 390 participating companies. Net zero broadly means reaching a balance between the greenhouse gases going into the climate and those coming out. https://lnkd.in/d_2Y78UT
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"Jeff #Bezos pledged four years ago that #Amazon would lead the way on #carbon reduction. Since then, the firm’s #emissions have risen by 40 percent — and its use of creative accounting suggests that the real figure is far higher....As Amazon itself is failing to live up to its stated ambitions, the pledge risks becoming not much more than #greenwashing — and showing other corporations that you can get away with it. Some of the big businesses that have signed up to the Pledge, such as #PepsiCo, #CocaCola, #Unilever, and #Iberdrola, have since engaged in greenwashing, or even walked back on their net-zero promises....Amazon destroys many millions of new and unsold products every week...Amazon may be responsible for dumping about one billion items per year. [Amazon] has a record of inadequate transparency and broken commitments to renewable energy expansion... Amazon’s Irish data centers in total would need more electricity than a million Irish homes. Plans for more Amazon data centers had to be halted due to the threat they posed to the electricity network..." https://lnkd.in/emB6zhVM
Amazon’s Climate Pledge Was a Lie
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Major corporations like Amazon are intensifying efforts to reduce their carbon footprint and, in turn, exerting pressure on their suppliers to follow suit. Starting in 2024, Amazon will mandate suppliers to disclose emissions data, set emission reduction goals, and report progress, aligning with the practices of Microsoft, Walmart, Apple, and others. This is a response to growing demands from consumers, investors, regulators, and governments for eco-friendly practices and transparency. Businesses commonly monitor emissions at 3 levels: Scope 1 (direct operations), Scope 2 (purchased energy like electricity), and Scope 3 (indirect sources such as supplier emissions and customer product usage). Scope 3 emissions, on average, constitute about 75% of total emissions in major industries, according to the non-profit CDP. https://lnkd.in/gz4BBzgx #climatechange #amazon #sellers #suppliers #consumer #investor #regulatory #carbonemissions #manufacturers #emissions #contractors #supplychain #carbonfootprint #data #goals #decarbonization #governments #jobs #sustainability #scope1 #scope2 #scope3 #operations #energy #electricity #company #activities #customers #products #carbonneutral #cdp #environmental #recycling #renewable #accounting #reporting #politicians #netzero #renewableenergy
A big climate change stress test is coming for Amazon sellers and suppliers
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Greenpreneur | Building Data-Driven, Comprehensive Solutions for ESG & Sustainability | Helping Communities in Their Journey Towards Decarbonization & Defossilization | Formerly at Egis, Atria, Sar Group, and Honeywell
#Amazon and other big businesses ramp up efforts to reduce their carbon footprint, they're putting pressure on their suppliers to do the same, and those who don't may pay a big price. Starting in 2024, Amazon will require suppliers to share their emissions data, set emissions goals, and report on their progress, similar to #Microsoft, #Walmart, #Apple, and others in saying that suppliers must step up decarbonization efforts. The mandates come as big businesses face more demand than ever to adopt eco-friendly practices. Consumers, investors, regulators, and governments are pushing firms for more progress and transparency. #carbonneutral #netzero #footprint #ecommerce #renewableenergy #decarbonization #supplychainneutral #carbonoffsetting #sdg
A big climate change stress test is coming for Amazon sellers and suppliers
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Amazon Suppliers Face Climate Stress Test Major corporations like Amazon are intensifying efforts to reduce their carbon footprint and are placing increased pressure on their suppliers to follow suit. Read More: https://cutt.ly/AwQlRwMC #Amazon #AmazonSuppliers #efforts #ClimateStressTest #AmazonSuppliers #SustainabilityChallenge #ClimateResilience #EcoSupplyChain #GreenLogistics #ClimateAdaptation #SustainableSourcing #EcoFriendlySuppliers
Amazon Suppliers Face Climate Stress Test
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As outlined in its 2023 Sustainability Report, Amazon has set climate-related expectations for key suppliers, including providing decarbonization plans. These new requirements are part of Amazon's commitment to achieve net-zero carbon emissions by 2040. In the report, Amazon said it has identified its "highest emitting" suppliers - those responsible for 50% of the company's supply chain emissions - and asked them to demonstrate how they will reduce their emissions. Suppliers with clear, actionable plans and demonstrated progress toward net-zero emissions will be prioritized, while those that don't may face a reevaluation of their partnership. This development underscores the growing importance of practical and responsible environmental practices in the corporate world and sets a new benchmark for corporate responsibility. #Sustainability #ClimateAction #NetZero
Amazon to suppliers: We will ‘prioritize’ those who tell us their emission reduction plans - Trellis
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Managing Director | Co-Founder of Future Market Insights | Market Research | Strategic and Tactical Leadership | Consulting
As organizations face greater demands from consumers, investors, regulators, and governments to adopt eco-friendly practices, reducing Scope 3 emissions has become more of a focal point. As of late, Amazon is urging their suppliers to step up decarbonization efforts, even going so far as to require suppliers to share their emissions data, set emissions goals, and report on their progress. Need expert guidance on future-proofing your supply chain? Be sure to turn to Future Market Insights. #FutureMarketInsights #supplychainresilience #decarbonization
A big climate change stress test is coming for Amazon sellers and suppliers
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Amazon takes a significant step towards sustainability by setting climate-related expectations for key suppliers. This initiative is part of Amazon's efforts to address value chain emissions. Suppliers with no decarbonization plans will be weeded out sooner or later. #Sustainability #ClimateAction
Amazon to Require Key Suppliers to Provide Decarbonization Plans - ESG Today
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