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Index of Suppliers Leading in Climate Change Performance Makes Its Debut

FirstCarbon Solutions, active in environmental and sustainability business solutions, and CDP, an NGO provider of a global environmental disclosure system, announced the debut publication of the Supplier Climate Performance Leadership Index, a new evaluation and benchmarking tool for CDP supply chain members and suppliers.

Index of Suppliers Leading in Climate Change Performance Makes Its Debut

Compiled by FCS on behalf of CDP, the index is based on supply chain program data from 2,868 suppliers that are disclosing climate change data at the request of CDP's 64 supply chain members, which represent a combined spending power of nearly $1.15tr. The 79 companies included in the index demonstrate strong and transparent climate strategies and emissions reduction programs.

"Suppliers have been asking for a way to benchmark their climate change performance since FCS became the exclusive scoring partner for the CDP Supply Chain program in 2011," says Robert Francisco, president of FirstCarbon Solutions. "With the launch of the Supplier Leadership Index, FCS and CDP recognize the top 3 percent of suppliers who are committed to integrating climate resiliency programs into their overall business strategies which leads to unprecedented operational efficiencies, cost savings, revenue opportunities and positive planet stewardship."

These leading suppliers demonstrate a number of defining characteristics in their CDP survey responses, including:

" Board-level oversight on climate planning along with monetary incentives for emission reductions

" Substantive detail on how climate change is integrated into risk management and corporate strategy planning

" Scope 1 and Scope 2 reduction targets

" Evidence of Scope 1 & Scope 2 emissions reduction activities that delivered significant results

" Independent third-party assurance of Scope 1, Scope 2 and Scope 3 emissions

"Introducing a supplier performance leadership index into CDP's supply chain program will drive best practice. We have great insights into the fact that big multinational purchasers - namely our members - are increasingly demanding that their suppliers take action on mitigating climate change risks. Suppliers need to improve their levels of sustainability to differentiate themselves from their competitors or they will lose business," said Nigel Topping, CDP executive director.

The full supply chain report, including names of companies featured in the SCPLI and the methodology used, can be found by clicking here.

Source: CDP

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