The Evolution of Supplier Engagement on Climate Change

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In the early days of CDP supply chain membership, to a certain degree, it was a checkbox exercise. There's more data that is allowing companies to be able to make those claims with backup. The proposed SEC rule on climate disclosure has provisions around scope three data. So customers are not just checking a box to say, hey, I sent a request out to suppliers. They're actually using the data and they're reliant on their suppliers to disclose those emissions.

The UN climate conference known as COP27 is underway, and today (Nov. 11) is Decarbonization Day. In this episode of the ESG Insider podcast, we explore how companies are setting decarbonization targets in their operations and across their supply chains.

To understand how companies are engaging with suppliers, we talk with Simon Fischweicher, who is Head of Corporations and Supply Chains for CDP North America. CDP is a nonprofit environmental disclosure platform that has a program aimed at helping companies gather concrete details from suppliers about their emissions and other climate-related activities.

Simon tells us that companies are increasingly collaborating on their approach to suppliers. "When you have a single customer voice asking for better climate disclosure or more investment in renewable energy or setting emission reduction targets for a specific supplier, that voice might not be loud enough to drive change," he says. But when the entire sector is pushing for better practices, "that supplier may listen."

Listen to our episode about what to expect from COP27 here: https://www.spglobal.com/esg/podcasts/at-cop27-how-to-make-progress-in-the-face-of-uncertainty

Listen to our episode about a proposed U.S. climate disclosure rule here: https://www.spglobal.com/esg/podcasts/unpacking-the-sec-s-proposed-esg-fund-rules

We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall (lindsey.hall@spglobal.com) and Esther Whieldon (esther.whieldon@spglobal.com).

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