9%
As The World Prepares For The Great Supply Chain 'Reset', Prepare Your Business To
Be 'Global Opportunity Compliant'
SUSTAINABILITY
Is becoming a competitive differentiator when selecting it vendors
Environmental sustainability objectives have driven a range of changes to executive priorities. Sourcing, procurement and vendor management leaders must pivot, embracing new sustainable sourcing responsibilities now to enable their organizations to meet environmental objectives.
Environmental sustainability is rising on CEO agendas, and 9% of CEOs put it among their top 3 business priorities
70%
Of surveyed CEOs plan to invest in new sustainable products and in making existing products more sustainable.
44%
Of supply chain leaders expect climate change to create challenges related to security of supply in the next 10 years.
74%
Of supply chain leaders expect circular economy (sustainability) activities to positively impact profitability between now and 2025.
67%
Of supply chain leaders has had a positive impact on the circular economy
70%
of Technology Sourcing Leaders Will Have Environmental Sustainability Aligned Performance Objectives by 2026
ENVIRONMENTAL SUSTAINABILITY
Now a top 10 business priority for CEOs, is intensifying as a global crisis imperative, demanding aligned environmental performance action from sourcing functions.
Sourcing, contracting and vendor management roles must each pivot in advance of regulation to meet expectations.
Every technology sourcing choice has an environmental implication. Minimizing waste in the supply chain, and through asset life cycles, will require advanced awareness and application of environmental principles.
Reinforcing the organization’s brand and reputation demands providers that successfully reduce GHG emissions, leverage renewable energy sources, minimize both power and water consumption, and apply circularity.
GOING GLOBAL MEANS GETTING YOUR BUSINESS IN LINE WITH INTERNATIONAL STANDARDS
Supply or value chain drivers within particular sectors and geographical locations are largely responsible for growing the number of certifications. Not having an ISO-Certifications could prove to be a major barrier to doing business in some sectors.
2015
0
%
September 2015: BCA reported that more than 2,500 buildings are Green Mark certified.
2020
0
%
As of end-2020, over 4,000 building projects have met the BCA Green Mark standards
2022
0
%
As of end-2022, close to 55% of Singapore's buildings have been 'greened'
2030
0
%
of all Singapore buildings are to reduce energy use and emission production, and achieve a Green Mark Certified rating by 2030
REDUCE OPERATING COSTS
Significant financial savings can be achieved through increased energy efficiency (OFGEM forecast energy prices to rise by at least 20% by 2020).
GAIN A COMPETITIVE ADVANTAGE
Procurement specifications often require certification as a condition to supply, so certification and verification opens doors.
PROVEN BUSINESS CREDENTIALS
Independent verification against a globally recognized industry standard speaks volumes.
ESOS COMPLIANCE
Use Accredited ISO 50001 (energy management) certification as a route to ESOS compliance.
REDUCED CARBON FOOTPRINT
Actively set goals to reduce your carbon footprint and people will respond positively to your organization.
IMPROVE EFFICIENCIES
Encourages a more effective use of your resources, in turn reducing amount of claims, returns, reprocesses and rejections – potentially lower levels of regulatory reporting.
SG Eco Fund
The S$50 million SG Eco Fund was launched by the Ministry of Sustainability and the Environment to support the co-creation of solutions for a sustainable Singapore. The Fund is open to the People, Private and Public (3P) sectors and aims to support ground-up projects that involve the community and advance environmental sustainability in Singapore.
3R Fund
The 3R Fund is a co-funding scheme to encourage organisations to reduce waste disposed of at NEA’s incineration plants and disposal facilities through the implementation of waste minimisation and recycling projects.
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