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Aug 23, 2022

Ørsted announced today that it has joined forces with a growing group of global corporations that are driving climate action throughout global supply chains in line with science-based emissions reduction targets. The group currently includes Ericsson, IKEA, Telia, BT Group, Unilever, Nestlé, Telefónica, Microsoft, Tech-Mahindra, Ragn-Sells, Scan Global Logistics and Mastercard.

The 1.5°C Supply Chain Leaders was founded by the Exponential Roadmap Initiative  (ERI) together with Ericsson, IKEA, Telia, BT Group and Unilever and is supported by the We Mean Business Coalition and United Nations’ Race to Zero.  It is accelerating the movement for all companies to ask their suppliers to halve emissions by 2030 and cascade this ask to their suppliers, aiming to get all companies on the same compass direction.  The group supports suppliers on their journey by removing blockers through collaboration, and supports small and medium-sized enterprises (SMEs) globally through the SME Climate Hub.

See Marias quote

 

Mads Nipper, CEO at Ørsted, said: “By joining ERI and the 1.5°C Supply Chain Leaders, we reinforce our strong commitment to decarbonising at the speed and depth required by global climate goals. To achieve our science-based net-zero target by 2040, we simply have to reach net-zero supply chains. Getting there will take transformative action and collaboration with our partners. As Ørsted continues to grow from the leader in offshore wind to a global green energy major, we want our commitment to science-aligned climate action to help catalyse and inspire other companies and suppliers across the world to do the same.”

One of the most challenging aspects for large corporations with science-based emission reduction targets is to address the emissions in their global supply chains. The 1.5°C Supply Chain Leaders work together with their suppliers and business partners to develop concrete resources and tools and make them openly available, aiming to support other companies to accelerate their journey towards net-zero, for example by supporting them to shift to renewable energy.

“We are delighted to welcome Ørsted to the initiative, as a front runner taking action to decarbonise in line with science while also contributing to transform the global energy system towards 100% green energy. Collaboration is crucial for large corporations to halve emissions in their supply chains towards net zero,” 

Johan Falk, CEO & Co-founder, Exponential Roadmap Initiative.

The 1.5°C Supply Chain Leaders will also encourage small and medium-sized suppliers to make the SME Climate Commitment and take climate action through the SME Climate Hub, a one-stop-shop for businesses with fewer than 500 employees to make an internationally recognised climate commitment and access free, practical resources to support them on their net zero journey.

“Corporations from every industry and region of the world are committing to net-zero ambition because it’s good for business, people and the planet, but they won’t be able to reach their net-zero targets if their suppliers don’t decarbonize too. I applaud Ørsted for its bold leadership in tackling supply chain emissions through the 1.5C Supply Chain Leaders, and call on other corporations to follow suit in the lead-up to COP27,” said María Mendiluce, CEO of the We Mean Business Coalition.

The 1.5°C Supply Chain Leaders have made the following commitment:

  1. We have all committed to reducing our greenhouse gas emissions across our value chain in line with the 1.5°C ambition. We integrate climate in our business strategy and drive climate action as part of our wider role in society (as members of the Exponential Roadmap Initiative and/or Business Ambition for 1.5°C).
  2. We will work together with our suppliers and business partners to join us on this journey by taking action aiming to halve greenhouse gas emissions before 2030, reaching net-zero before 2050 and communicate progress annually, e.g. as outlined in the SME Climate Commitment. To promote, reward and inspire action, we plan to make climate related targets and performance a key supplier purchasing criteria within one year.
  3. We recognise the challenge this poses for our suppliers and we will support them, working together to reach our shared goals. In addition, we will support SMEs globally through the SME Climate Hub with tools, knowledge and best practice for implementing a robust climate strategy, to support broad action.

A Guideline for Exponential Climate Action

The 1.5°C Business Playbook is supported and used by some of the most influential and innovative companies in the world with a combined yearly revenue of 900 billion dollars.

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