The consumer goods sector faces a rapidly changing landscape. In addition to operational challenges and climate change concerns, companies focused on consumer goods must manage various stakeholders and consumer expectations.
Ongoing supply chain concerns and an ever-increasing percentage of consumers wanting to purchase more sustainable products means each part of the industry, from suppliers and vendors to retailers, needs to make accelerating transformation at a global scale a top priority.
While there are sustainability commitments from organizations within the sector, most efforts are led by the largest companies with the most extensive resources. But with regulatory bodies taking notice, consumers demanding transparency, and investors making decisions based on a company’s environmental, social and corporate governance (ESG) positioning, there is a need for action from everyone.
Consumer goods organizations can reduce their carbon impact by finding energy efficiencies, improving energy sourcing practices, and reducing emissions across the entire value chain. It’s essential to have a holistic approach that avoids production waste and byproducts while integrating ecologically sensible standards and overall best practices.
By engaging with partners up and down the supply chain, the consumer goods industry can significantly scale its sustainability efforts, reduce emissions, build more resilient value chains and protect against supply chain shocks.
Addressing potential renewable energy sources at the site and country level allows us to consider all relevant decarbonization technologies — those currently existing and those expected to be available in the coming decades. Considering timelines, the evolution of costs, and projected future capacity all go into creating a robust, long-term roadmap.
Accelerating and deploying energy efficiency measures across the globe through energy savings as-a-service models. These models can be deployed in parallel to other global programs like on-site solar energy deployment.
Analyzing energy consumption across sites and assessing the overall decarbonization potential of various facilities establishes the opportunity for reducing the carbon footprint. Using proven systems and understanding upcoming technologies that could also be implemented positions organizations to reach their decarbonization goals.
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