As the world transitions to a low-carbon economy, companies are under significant pressure to decarbonize, transition to renewable energy and materials, and to embrace the circular economy. To do that they must reduce their climate and other lifecycle impacts and eliminate waste through the superior design of products, processes and supply chains.
Investors representing tens of trillions of dollars in the U.S. and hundreds of large corporate purchasers with more than $5 trillion in procurement spending power are pressing firms to report their environmental data. The movement toward government-mandated disclosures of climate risk and greenhouse gas emissions worldwide is expanding.
The manufacturing sector, a heavy user of energy and natural resources that is made up of about 640,000 businesses in the U.S., is on the front lines of the transition. Forrester Research reported in 2021 that manufacturing has the highest rates of emission reduction targets and carbon neutral date commitments of any sector in the Fortune Global 200.
Industry has no better partner than the non-profit Environmental Genome, the largest transparent chemical database of next generation life cycle inventory information in the world. The EG enables publicly defensible emissions disclosures for the entire supply chain, the analysis to facilitate innovations that may save energy and water and yield improved processes, products and supply chain designs.