Source: TCS Sustainable by Design
The chart above shows how a range of ecosystems interact, ensuring sustainability and circularity principles become embedded across value chains, processes, operations, products and business models.
Value chain collaboration - a case study
The Solutions for Reducing Value Chain Emissions session at the 2021 European SDG Summit heard how collaboration between two of France’s biggest companies is leading to emissions reductions in a real-world scenario. Power supply giant TotalEnergies has set a target to achieve net zero by 2050.
A major part of its strategy is to deliver renewable energy to its biggest clients, thereby cutting a key part of its Scope 3 emissions - the use of fossil fuels by its customers. “The solution is for an on-site, solar plant,” explains Timur Núñez-Yanowsky, Head of Iberia - Renewables Distributed Generation at TotalEnergies, “with electricity produced directly on the customer site, and sold at a predictable price.”
On the other end of this collaboration is French cosmetics giant L’Oréal. The solar plant installed at its Vichy production facility supplies 33% of the factory’s energy needs from almost 4,000 solar panels built above a car park.
The project is an example of how collaboration between companies can reduce carbon emissions across the value chain. For L’Oréal, the plant delivers a cut in Scope 1 emissions. At the same time, Scope 3 emissions are reduced for TotalEnergies.
The true measure sustainability
The themes discussed in this session were perhaps best summed by Stella Di Carlo, Head of Innovability, Global Procurement at Italian energy company, Enel.
Stressing the importance of measuring and reducing emissions across the supply chain she told delegates:
“Sustainability is value. The ability to measure and certify impact is recognised as a value for the company and the entire supply chain.”