Ericsson joins net-zero supply chain
Ericsson will increase environmental scrutiny on supplier contracts as part of initiative
The 1.5°C Supply Chain Leaders initiative which aims to drive exponential climate action across global supply chains by curbing emissions, has been joined by Ericsson. As a result, Ericsson has introduced climate-related targets in supplier assessments and purchasing criteria, as well as promoting and rewarding climate-related initiatives across its global supply chain.
Other members of the initiative include IKEA, Telia BT Group and Unilever. Part of the programme is to support small- to medium-sized enterprises (SMEs) to divest, invest and direct their climate action efforts effectively in order to achieve the reduced greenhouse gas emissions targets needed to stabilise the Earth’s temperature rise.
In 2020 Unilever set a net-zero target for 2039. It is supported by a million-euro Climate and Nature Fund. Ikea, meanwhile, is aiming to become ‘climate positive’ by 2030.
BT aims to become a net-zero business by 2045, am ambition supported by one of the world’s first set of approved 1.5C science-based targets. The telecoms giant has already indicated its support for the ERI’s net-zero Business Playbook.
The supply chain leaders’ group is part of the Exponential Roadmap. Ericsson will also join the new SME Climate Hub, a platform for the provision of tools, knowledge and best practice aimed a implementing a strong climate strategy across its global SME supply chain. Ericsson has already committed to strong management of the social, ethical, environmental and human rights impacts of its supplier base. Reduction of the company’s supply chain carbon footprint is a priority. Planning for this requires Ericsson suppliers to plan for programme and target implementation to reduce emissions in line with the Paris Agreement.
Companies involved in the initiative will also receive support from organisations such as the We Mean Business Coalition and the UN’s Framework Convention on Climate Change (UNFCCC). In addition to research, advice and digital tools, the Hub will enable suppliers to register for government incentive schemes and to connect with providers of clean technology.