TCS Envirozone™ for net-zero supply chain
Sustainability is now a major focus for businesses across the world.
Corporations are addressing complex sustainability challenges by changing their business functions and aligning them with the 17 Sustainable Development Goals (SDGs) that were adopted by the 193 UN member states in 2015.
Also, as consumers drive the sustainability movement with lifestyle and behavioral choices, companies are ensuring that their practices are eco-friendlier and promote sustainability. They are striving to make clean, green, and ethical products to meet the sustainable product labels trend. One of their major focus areas in this endeavor is the supply chain, particularly suppliers.
TCS ENVIROZONE™ is a cloud-based, one-stop suite of solutions for organizations to track and mitigate supplier-sourcing risks and improve procurement decisions for a sustainable supply chain. The digital solution, with inbuilt accelerators, is powered by sustainability data ecosystems and enables tracking of key SDG activities. This helps organizations balance over 700 environment, social, and governance (ESG) key performance indicators (KPIs), such as baseline water stress, greenhouse gas emissions, child labor, and human right risks. The solution helps bring a sweeping change in the way organizations collect data to assess sustainability performance and mitigate risks from supply chain. It also addresses brand sustainability risks by reducing operational, upstream, and downstream risks.
With TCS Envirozone, businesses gain visibility and control of upstream procurement, packaging, manufacturing operations, and downstream distribution risks to build a sustainable enterprise.
TCS Envirozone addresses the various sustainability imperatives of businesses such as achieving net-zero, 100% recyclable products, and sustainably sourced ingredients. It empowers them to take timely decisions to execute their corporate social responsibilities aimed at achieving sustainability goals.
TCS Envirozone is a nextgen suite of solutions catering to five different net-zero requirements.
It offers these features to organizations:
TCS ENVIROZONE™ OZONE – Powering responsible sourcing–: This tracks key SDG activities for risk and sustainability assessment by leveraging scenario analysis built on artificial intelligence and machine learning (AI-ML) predictive systems. It supports different business compliances by on-boarding farmers or warehouse owners, customizing input screens for pre- and post-harvest data, and enhancing data accuracy for farmhouse or warehouse latitude and longitude details through Google geo-tagging.
TCS ENVIROZONE™ NetZero – Address carbon footprints through carbon management system: Our NetZero functionality brings inbuilt forecasting models and gives a detailed view of Scope 1, 2 and 3 emissions across the value chain. The robust model helps meet the GHG (greenhouse gas emission) protocol requirements and SBTi (Science-based Targets initiative) and CDP (Carbon Disclosure Project) and audits. TCS ENVIROZONE™ NetZero also enables build a strong industry-first auditable greenhouse performance management system for tracking and managing customer’s scope 1/2/3 carbon emissions at corporate level. The AI-ML system enables predict year-on-year emissions against the base year and the reduction target to achieve the goal in the earmarked year
Our customers could leverage this uniquely designed, ready-to-deploy, sustainable line-haul application, which subsequently helps in estimating and managing carbon risks from freight emissions due to product transport and distributions, thereby supporting in carbon disclosure.
Circular products economy: It builds sustainable packaging solutions using 5R sustainable packaging framework and by recovering post-consumer plastic through IoT-based smart collection points for data connectivity and visibility to reduce plastic to landfills, thus achieving circular economy goals. The solution helps companies compare products and brands being sold in a locality and control brand risks.
Decarbonization: In industries like power, transport, and real estate that are posited to undergo heavy decarbonization, there is high demand for technology services and solutions to meet sustainability goals. Enterprises are raising capital through green bonds and sustainability bonds to fund sustainability initiatives.
As per a NASSCOM-McKinsey report of 2022, there will be $150-250 billion of additional enterprise spend towards sustainability enablement technology by 2030. Our module details carbon credits and carbon offsets, thereby monitoring and tracking carbon trading.
Finance forecasting and carbon allocation: This functionality will enable financial analysis basis forecasting model for standardization of emissions across the value chain.
Our ‘sustainability-as-a-service’ module incorporates outcome-based managed services to operationalize sustainability insights from TCS Envirozone.
The service is driven by business-aligned, ‘always-on’, team of sustainability practitioners and analysts, with relevant domain and industry knowledge. Leveraging our managed services for sustainability enables our customers to focus on the more strategic sustainability aspects while leaving the important day-to-day processes and activities to our team of proven experts.
TCS Envirozone provides the following benefits
A partnership with TCS can help businesses take advantage of the following key differentiators: