PARIS and NEW YORK, Sept. 22, 2020 /PRNewswire/ — EcoVadis, the world’s most trusted provider of business sustainability ratings, is launching a first-of-its-kind Carbon Action Module that’s designed to reduce emissions across the supply chain and enable organizations to step up their fight against climate change. The solution will be revealed during Climate Week NYC 2020.
A recent EcoVadis analysis of 40,000 global organizations revealed a massive shortfall in supplier carbon reporting and action. The research found that the majority of corporations today only address their direct and indirect emissions, while neglecting those that occur in the value chain. This represents an alarming and severe gap as value chain emissions, upstream and downstream, account for more than 70% of total emissions for manufacturers (IOP Science) and up to 80% for consumer-goods organizations (McKinsey).
“The climate crisis demands that we take urgent action to combat the impact of carbon