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Biggest Companies Plan to Reduce Emissons By Culling Suppliers

June 7, 2021, 10:13 AM

For the world’s biggest companies, reducing emissions means cutting suppliers that aren’t moving quickly enough to prepare for a low-carbon economy.

Just short of 80% of multinational companies will start culling “slow-to-transition suppliers” by 2025, and 15% have already begun to do so, according to a report from Standard Chartered Plc based on a survey of corporate executives at 400 of the world’s largest companies. Since more than 70% of emissions for such businesses come from their supply chains, lowering those emissions is the first step in their climate-change strategies.

With companies such as Apple Inc., Royal Dutch Shell Plc ...