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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 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

Large corporations more than regulators are leading the sustainability transformation in the US. Amazon like Walmart, IKEA, Microsoft has recently set a higher bar for its suppliers in terms of sustainability. In its recent supplier standards, Amazon is requiring suppliers to reduce and report on carbon emission or risk delisting.  Here's what you need to know about Amazon's new supplier requirements: 𝐎𝐯𝐞𝐫𝐚𝐫𝐜𝐡𝐢𝐧𝐠 𝐆𝐨𝐚𝐥𝐬: ✅D𝐞𝐜𝐚𝐫𝐛𝐨𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐏𝐥𝐚𝐧𝐬: A key requirement is for suppliers to have decarbonization plans in place  ✅𝐁𝐞𝐲𝐨𝐧𝐝 𝐜𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞: Not only are the suppliers required to comply with all environmental laws and regulations, but they are encouraged to go beyond by reducing energy use, emissions, waste, and water usage. 𝐊𝐞𝐲 𝐅𝐨𝐜𝐮𝐬 𝐀𝐫𝐞𝐚𝐬: ✅𝐄𝐧𝐞𝐫𝐠𝐲 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲: Continuously improving energy efficiency and reducing greenhouse gas emissions  ✅𝐑𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠: Tracking and documenting emissions, and potentially reporting them to Amazon upon request . ✅𝐏𝐮𝐛𝐥𝐢𝐜 𝐆𝐨𝐚𝐥𝐬: Setting and publicly reporting progress against greenhouse gas reduction goals (encouraged but not mandatory) ✅E𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭𝐚𝐥 𝐏𝐞𝐫𝐦𝐢𝐭s: Obtaining and maintaining all necessary environmental permits and following reporting requirement For suppliers, the question arises: Are you prepared to meet these escalating demands? #Sustainability #CorporateResponsibility #SupplyChain #EnvironmentalCompliance Rabia Farhang bgood collective

"Amazon is requiring its suppliers of all sizes to report on their greenhouse gas emissions, as part of an update to its supply chain standards in early 2024. The consequences of not following those plans could mean Amazon will reconsider a given supplier partnership and seek alternatives." - Amazon, ESG Today Amazon joins global brands like IKEA, Microsoft, Walmart, Philips, VF Corporation and Unilever, who have have stringent ESG supplier codes of conduct for years. ESG performance is the ultimate team sport. And you better believe your suppliers are some of the most impactful players to your performance, whether you like it or not. You cannot 'AI-your-way' out of the inherent collaboration and up-skilling required to get all players moving in the right direction. As Jon Powell, Ph.D., former head of sustainability at Salesforce says, "That takes humans to do; you can’t automate that.” Couldn't have said it better myself! Rho Impact provides everything you need to dazzle B2B buyers, dominate your competition, and deliver commercial and societal impact (without the greenwashing). Rho Impact. You bring your WHY. We'll bring everything else (including everything SME suppliers need to 'win' in the age of 'ESG supplier requirements.') https://lnkd.in/ex6fXJWT #sustainablesupplychain #esgdisclosure #emissionreduction #climaterisk #esg #esgreporting #ghgaccounting #esgstrategy #esgintegration #esgvendor #esgsolution #impactmeasurement #impacteconomy #newnormal

🌱 Exciting news from Amazon! They're now requiring key suppliers to provide decarbonization plans as part of their commitment to reducing carbon emissions and tackling climate change. This move will significantly impact the supply chain, pushing for more sustainable practices across industries. It's great to see major companies taking such proactive steps towards a greener future. How do you think this will influence the wider market and other corporations? Let's discuss! 🚀🌍 #Sustainability #ClimateAction #ESG #GreenFuture #Decarbonization https://lnkd.in/es--e7T2

🌍🚀 Amazon has officially joined the ranks of companies pushing for supplier decarbonization. Their 2023 Sustainability Report is here, and it’s a game changer. Amazon is doubling down on reducing Scope 3 emissions—those supply chain emissions that makeup ~75% of their carbon footprint. 🔍 Key Takeaways for Amazon Suppliers: 1. Amazon is targeting net-zero carbon emissions by 2040. They need your help to get there! 2. Expect new requirements for decarbonization plans and progress tracking. 3. Suppliers who are leading the decarbonization charge will be prioritized. 📊 As industry leaders like Amazon set the bar, it’s only a matter of time before your customers will demand the same. Don’t wait—start developing your decarbonization strategy now, track your progress, and showcase your commitment. It could be the edge you need to secure contracts. 🚀 Be proactive, not reactive! Dive into Good.Lab 's blog on managing customer data requests for actionable insights 👉 https://hubs.ly/Q02GyDrq0 #Sustainability #NetZero #ClimateAction #ESGSolved #Amazon #SupplyChain #Decarbonization #Scope3Emissions #BusinessStrategy

Remember our conversation about Opportunity vs. Obligation? Amazon announced it will prioritize suppliers who can measure and articulate their #carbonreduction plans. If regulatory requirements aren't pushing you to pursue #sustainability, then market pressure will. Want to gain a competitive edge in your industry? Pursue sustainability. Want to grow your customer base? Align with their sustainability goals. Want to know what sustainability efforts really matter? We can tell you.  Don't know where to start? Let's chat. Mike would love to learn more about your business and help you identify the opportunities. Book a meeting: https://lnkd.in/dPmaUDsW https://lnkd.in/dkG52qa3

🌍 Big news! Amazon is pushing for a greener supply chain by requiring key suppliers to share their decarbonization plans. This initiative not only aims to reduce Amazon’s carbon footprint but also promotes the adoption of sustainable practices across its supply chain. 🌱 With sustainable procurement strategies becoming essential for businesses globally, what challenges do you think suppliers might face in implementing decarbonization plans? Let's discuss! #ESG #Sustainableprocurement #decarbonization

Amazon is raising the bar for sustainability by requiring key suppliers to submit decarbonisation plans, signaling a significant step towards a greener supply chain. This initiative highlights the growing importance of setting robust ESG targets and goals. Amazon’s initiative highlights that potential customers are increasingly demanding transparency and sustainability from companies as well. Consumers today are more conscious than ever about the environmental and social impact of their purchases. By setting and disclosing ESG targets and goals, companies can build trust and loyalty with their customers, demonstrating their commitment to making a positive difference.   Anabranch ESG can help your company: * Customise your ESG strategy that alight with your business objective * Engage stakeholders effectively to communicate your ESG commitments and progress * Ensure accurate and transparent ESG reporting in line with industry standards. Let Anabranch ESG help you to set your company’s ESG targets to help make a positive impact. Contact us today to start your sustainability journey https://lnkd.in/gu7a5cuC #ESG #Sustainability #Decarbonisation #CorporateResponsibility 

Some years ago, when Amazon voluntarily pledged to reach Paris climate agreement targets earlier than 2030, many didn't see it feasible. But this bold commitment is going according to schedule - details published in the 2023 sustainability report. One thing I think is super useful that the company is launching the Amazon Sustainability Exchange, providing free resources to suppliers. Other key points: ➡️ lowered carbon footprint by 3% alongside the carbon intensity which decreased 13% ➡️ put more than 24,000 electric vehicles on the road all around the world ➡️ matched 100% of the electricity consumed across the global operations with renewable energy sources Do you think the countries will be able to keep the rise in global surface temperature well below 2°C?🤗⬇️ ☆---------------------------------------------------------------------------☆ If you find this post useful, please: 👍 like and comment ♻ share 🔔 follow me for more 🤗 #Amazon #Sustainability #carbon #carbonfootprint #ev