Companies are pledging to reduce their carbon impact but struggling to measure progress across their supply chains, according to a research report from Tata Consultancy Services and Microsoft.
The research report analyzed 400 randomly selected public companies and found that:
- Only 16% of the businesses have publicly set science-based targets for operational carbon emissions.
- Only 11% of the businesses have committed to science-based targets for carbon reduction in supply chains.
The research report -- titled Supply Chain Decarbonization: The Missing Link to Net Zero -- recommended that companies leverage technology at scale to wrap their arms around supply chain sustainability. Example steps included:
- Curating supply chain data can help companies gain competitive advantage by making use of insights and intelligence;
- developing a shared understanding of problems or requirements in Scope 3 supply chain visibility; and
- working with experienced consulting services.
For its part, Microsoft expects to be carbon negative by 2030. See Microsoft's complete sustainability strategy and timeline here.