New research from Tata Consultancy Services (TCS) and Microsoft reveals a clear majority (84%) of major firms have yet to set public science-based targets to reduce direct operational emissions from their supply chains, and only 11% have disclosed science-based targets in reducing emissions in their supply chains.
“Our findings make clear how much innovative work remains to be done to make global business sustainable – and how critically important it is to engage with an extended ecosystem that involves all stakeholders – including customers, consumers, suppliers, service providers and policymakers,” says Swati Murthy, director of strategic sustainability collaborations at TCS. “Reimagining global supply chains, and using the latest technology and analysis, is a vital step toward more sustainable practices. Therefore, it is absolutely essential to forge stronger strategic collaborations with Hyperscalers to share and scale solutions faster, bringing together the latest decarbonization technology and expertise and making it accessible to all stakeholders across the business value chain. This collaboration is key to unlocking the potential of green transitions and mitigating the environmental and social risks we all face.”
- The research shows most companies are struggling to validate their data and accurately measure their decarbonization efforts, and highlights the importance of regular engagement with extended business ecosystems, including customers, suppliers, and other stakeholders, to improve supply chain transparency and reduce carbon footprints.