Over the last few years, retailers like Walmart, Target and REI have begun to require their suppliers to report on their company’s carbon footprint and set science-based targets for emissions reductions, amongst other sustainability/climate-related disclosures. Beginning in 2024, Amazon will do the same. Is your business ready?
Here’s a couple of key takeaways:
“First, Amazon hopes to use its size and scale to “benefit businesses that are committed to decarbonizing by providing products and tools to both track emissions and help decrease them.” Among other things, Amazon said it will help “select suppliers” transition to using carbon-free electricity. This is a practice that has been likewise been embraced by both Walmart and Apple.
Second, you can expect Amazon to pay particular attention to the suppliers that are demonstrating initiative on decarbonization. The report notes: “We will continue to look for suppliers that help us achieve our decarbonization vision as we select partners for business opportunities.”
Read the article on Greenbiz.com.
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