Signed by CEOs of major pharmaceutical companies including Novo Nordisk, Merck, AstraZeneca, and GSK, the letter makes it clear: suppliers must prioritize sustainability or risk getting left behind. Pharmaceutical companies are setting firm expectations for their supply chains to reduce carbon emissions and align with net-zero targets, signaling that sustainability is no longer optional, but a critical business requirement.
Science-Based Targets: How to Meet Supplier GHG Requirements
New regulations as well as commitments and requirements from large companies are pushing suppliers to set science-based targets. In this episode, Tad and Julianna discuss an overview of science-based targets, the new regulations and what they mean for companies, the growing number of companies that are beginning to require their suppliers to set science-based targets by 2025, how suppliers can start taking inventory of their GHG emissions, the importance of training your sourcing and procurement teams, the benefits of measuring and reducing your Scope 3 emissions, the number of team members you will need internally to gather the data necessary for setting science-based targets, and how to know when to outsource and ask for help.
Consumer Perception: How to Craft a Credible Sustainability Message in a Complex Marketing with Suzanne Shelton from Shelton Group
A good marketing plan should include communication about your company’s sustainability efforts. In this episode, Tad and Julianna sit down with Suzanne Shelton, CEO of Shelton Group, an ERM Group Company, to discuss the consumer research studies Shelton Group has been conducting for the past 17 years, the results of their recently published report The Buzz on Buzzwords: Seven Years Later, the biggest challenges companies have in marketing their sustainability efforts, best practices for communicating sustainability goals and achievements such as third-party certified products and facilities, how companies should handle not hitting a goal, and more.
An Overview of Carbon Offsets: Are They Right For Your Company?
Many companies have been purchasing carbon offsets to achieve their Net Zero goals. Are carbon offsets right for you and your company? Are carbon offsets actually effective and how should they be used? In this episode, Tad and Julianna answer these questions and discuss decarbonization, science-based targets, and the steps in the decarbonization roadmap. Tad also explains what carbon offsets are, the standards and requirements for carbon offsets, and what the future could look like for carbon offsets.