DJI
-0.98%
SPX
-0.40%
IXIC
+0.18%
FTSE
+0.10%
N225
-0.04%
AXJO
-0.79%

COPT Defense Properties: Essity's Sustainability Leadership Sets Industry Benchmark for Supply Chains

publisher logo
Cashu
6 days ago
Cashu TLDR
  • Essity achieved a 21% reduction in Scope 3 emissions, targeting a 35% decrease by 2030.
  • The company emphasizes supplier collaboration and innovation to meet sustainability goals and reduce environmental impact.
  • Essity's sustainability model serves as an industry blueprint, inspiring responsible practices across the hygiene and health sector.

Essity's Commitment to Sustainable Supply Chains: A Model for Industry Leadership

Essity, a global leader in hygiene and health products, reinforces its commitment to sustainability by being recognized for the sixth consecutive year by the global non-profit organization CDP. This accolade places Essity on the 2024 Supplier Engagement Leaderboard, a testament to the company's proactive approach in engaging its suppliers in climate change initiatives. By setting ambitious targets and collaborating closely with its supply chain, Essity demonstrates its intention to lead by example within its industry, particularly in mitigating environmental impacts associated with its operations.

The company aims for net-zero emissions by 2050, reflecting a deep-seated commitment to sustainability. A critical component of this strategy is the reduction of Scope 3 emissions, which encompass indirect emissions from the production of sourced raw materials. Essity sets a challenging goal to lower these emissions by 35% by 2030. As of 2024, it has successfully achieved a 21% reduction in Scope 3 emissions, showcasing tangible progress in its environmental initiatives. This reduction signifies not only a commitment to corporate responsibility but also a strategic alignment with global sustainability trends that increasingly influence consumer behavior and regulatory frameworks.

Jessica Nordlinder, Essity's VP of Global Procurement, articulates the company's strategy, which hinges on establishing clear expectations and robust support mechanisms for suppliers. By fostering innovation and collaboration, Essity empowers its partners to contribute to emission reductions effectively. The company emphasizes open communication regarding environmental targets, equipping suppliers with the necessary tools and training while encouraging innovative solutions to tackle climate challenges. This comprehensive approach aligns with CDP’s Supplier Engagement Assessment criteria, which evaluates governance, targets, and the overall efficacy of companies in managing their value chain emissions.

In addition to its sustainability achievements, Essity's model serves as a blueprint for other companies in the hygiene and health sector. As industries face increasing pressure to adopt environmentally responsible practices, Essity’s proactive engagement with its suppliers highlights the importance of collaboration in achieving sustainability goals.

Furthermore, Essity's recognition by CDP underscores not only its leadership in sustainability but also its role in influencing broader industry practices. As businesses navigate the complexities of climate change and environmental responsibility, Essity’s strategies and successes can inspire similar initiatives across different sectors, paving the way for a more sustainable future. For inquiries, Karl Stoltz, Public Relations Director at Essity, is available for further information.

The content provided here is for informational purposes only and should not be considered financial or investment advice. Investing in stocks carries risks, including potential loss of principal. Always do your own research and consult with a licensed financial advisor before making any investment decisions. We are not responsible for any losses or damages resulting from your use of this information.

More News

Feature in Progress
This section is under development. Check back soon for updates!
Join our newsletter to keep up to date with us!
Cashu Logo Alt
Cashu is the #1 way to stay ahead of the markets, know why your favourite stocks are moving and access valuation signals that smash the market.

© 2024 Cashu PTY LTD.