Decarbonize suppliers through a collaborative approach

Date	2024
Tags	Target Setting, Target Setting

Target Setting
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This resource highlights a collaborative approach to decarbonizing suppliers by engaging them in climate action. It provides a framework for companies like Philips, which work with suppliers to report their carbon footprint, build capacity, and incentivize carbon reductions. Key strategies include data-driven supplier selection, on-site assessments, and offering financial incentives for sustainability efforts. This approach helps reduce Scope 3 emissions while fostering a more resilient, sustainable supply chain.

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