The Importance of Collaboration and Collective Action in Tackling Supply Chain Emissions

3min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

This chapter discusses the importance of collective action and collaboration in addressing supply chain emissions, using the Sustainable Apparel Coalition as an example. It also explores the concept of pre-competitive collaboration and the development of the HIG index as a tool to assess social and environmental impact.

This week the ESG Insider podcast is on the ground at Climate Week NYC for a special series of interviews from the sidelines of The Nest Climate Campus. In this episode, we sit down with Amina Razvi, CEO of the Sustainable Apparel Coalition (SAC).

SAC is a nonprofit alliance for the consumer goods industry. It launched in 2009 when Walmart and Patagonia brought together peers and competitors from across the sector to develop a standardized approach to measuring sustainability performance and to drive collective action.

The apparel industry accounts for anywhere between 2% and 8% of emissions, and most of those come from Scope 3 emissions in the supply chain, Amina tells us.

“It's critically important for brands, retailers and manufacturers to actually be working together,” she says. “Collaboration and partnership and collective action are critical and needed to tackle not just the apparel industry's issues with climate change and decarbonization, but every sector.”

She also talks about the industry's evolving approach to circularity, or the practice of extending the lifespan of goods and reusing materials. Read research from S&P Global Sustainable1 on how clothing companies are approaching circularity here: https://www.spglobal.com/esg/insights/fast-on-fashion-slow-on-sustainability-clothing-companies-and-the-circular-economy

Listen to our previous episodes about Climate Week NYC here: https://podcasts.apple.com/us/podcast/on-the-ground-at-climate-week-nyc-the-challenge-of/id1475521006?i=1000628577939

And here: https://www.spglobal.com/esg/podcasts/what-to-expect-from-climate-week-nyc-2023

This piece was published by S&P Global Sustainable1, a part of S&P Global.

DISCLAIMER

By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.

S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.