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Global Links: Embracing climate change solutions

At this time last year, we examined the worsening conditions in global supply chains brought about by dramatic shifts in climate patterns. Industry analysts maintain that it’s not too late to reverse the trend.

By ·

When BSR (Business for Social Responsibility) convened its annual conference in San Francisco in 2015, there was considerable celebration about the landmark agreement at COP21—also known as the Paris Climate Conference. It meant that for the first time in over 21 years of UN negotiations, standards were finally established to achieve a legally binding and universal agreement on climate, with the aim of keeping global warming below 2°C.

When BSR met in New York last November, the cri de Coeur was for “bold climate action,” with analysts observing at the time that multinationals must raise their ambitions by investing in climate finance, transitioning to renewable energy and finding more innovative ways of ensuring resilient supply chains.

It’s challenging to change organizational culture to embrace clean energy and other climate solutions, BSR analysts admit. But they insist that supply chain managers join Corporate Social Responsibility (CSR) managers in becoming “intrapreneurs” charged with persuading a wide variety of stakeholders that climate-focused initiatives are in their best interest.

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By ·
Download Article PDF

When BSR (Business for Social Responsibility) convened its annual conference in San Francisco in 2015, there was considerable celebration about the landmark agreement at COP21—also known as the Paris Climate Conference. It meant that for the first time in over 21 years of UN negotiations, standards were finally established to achieve a legally binding and universal agreement on climate, with the aim of keeping global warming below 2°C.

When BSR met in New York last November, the cri de Coeur was for “bold climate action,” with analysts observing at the time that multinationals must raise their ambitions by investing in climate finance, transitioning to renewable energy and finding more innovative ways of ensuring resilient supply chains.

It’s challenging to change organizational culture to embrace clean energy and other climate solutions, BSR analysts admit. But they insist that supply chain managers join Corporate Social Responsibility (CSR) managers in becoming “intrapreneurs” charged with persuading a wide variety of stakeholders that climate-focused initiatives are in their best interest.

SUBSCRIBERS: Click here to download PDF of the full article.

 


About the Author

Patrick Burnson, Executive Editor
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at [email protected]

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Too often, working capital pressures roll over supplier relationships without regard for what happens to supply chain risk. But now that new supply chain financing tools and techniques are proliferating, companies have a fresh chance to implement a coherent business strategy that balances the legitimate concerns of the buyer’s finance department with those of the company’s supply chain management experts.
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