Aviva on How Decarbonisation Makes Supply Chains More Resilient

We all know how important decarbonising the supply chain is as part of the ongoing fight against global climate change. However, British multinational insurance brand, Aviva also argues it will make them more resilient in a new investor report.

The collective action which is necessary to achieve decarbonisation has the additional benefits of moving an entire sector, allaying concerns around competitiveness, and allows for common policy recommendations. Some examples of applicable joint initiatives include the Mission Possible Partnership for harder to abate sectors, the Sustainable Apparel Coalition, the Supply Chain Sustainability School, which funds the development of skills within the construction sector, and the CDP Supply Chain programme.

“The CDP Supply Chain programme brings together more than 150 major purchasing organisations from around the world to work with their suppliers to encourage disclosure, transparency, and continuous environmental improvements, thus building resilient supply chains,” said Hugh Jones, managing director, advisory, at the Carbon Trust.

“Peer pressure, consolidated disclosure and transparency and net-zero commitments should combine to create ripples throughout supply chains,” adds Aviva in its report. “It will not be enough to just focus on scope 1 and 2 emissions. Acting as large pebbles, the seemingly calm lake of business activity could well be transformed into swirl of choppy but ultimately positive change.”