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If you spend more than about $1 million a year on energy, your potential savings are big enough to make this worth your time.

If you operate more than about 20 stores, your energy-management challenges are complex enough that you’ll welcome these ideas, specifically aimed at multisite retailers.

HOW SUSTAINABILITY IS DRIVING MANAGEMENT TOWARDS TRANSPARENCY

By Lara Greden, Director of Environmental Product Strategy

Greening the supply chain is rapidly becoming a business imperative for the supplier and customer alike. As companies define and execute sustainability strategies within their own boundaries, they are finding that actively sharing this information within the supply chain creates new sources of value.

As such, sustainability is driving management towards increasing transparency. The nature of collaboration varies by maturity of the industry, but once companies begin to act aggressively, they tend to find more tangible benefits than expected. An examination of early movers in sustainable supply chain strategies offers ideas on how to proceed.

SUSTAINABILITY HIGHLIGHTS

Drivers for greening the supply chain are the same as those driving an overall corporate sustainability strategy.

  1. Increased volatility in input commodity prices
  2. Opportunities to identify cost savings
  3. Regulatory and public pressure for carbon disclosure

Companies are asking for varying levels of performance from their suppliers, from wanting to know that they are simply aware of the issues to being able to actively collaborate on the data.

For companies who are tracking the benefits and payback of greening their supply chain, they are finding proof of positive bottom-line results.

Verisae’s Sustainability Insights -- What you need to know about emerging sustainability topics essential to your business and your bottom line. Brought to you by the thought leaders across Verisae, Inc.

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