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A new survey finds more than 80 percent of automakers and Tier 1 suppliers are making requests of their suppliers on sustainability, but standards vary from company to company. Suppliers such as ZF Group, pictured, are working with automakers and sub-suppliers alike to decarbonize their supply chains.   Paul Young is a former IBM Senior Customer Success Manager that has deployed over 300 data and AI solutions for the past 8 years. Paul is also SME on ESG policy and reporting including how best to manage the ESG data as part of the operational, management, and regulatory reporting cycles. Paul_Young_CGA@outlook.com Blog – ESG – Scope 3 – KPMG - https://lnkd.in/gzdtRrB3   Blog – What is next for ESG in 2024 - https://lnkd.in/e-TZEf3A   Blog – Top 6 ESG Trends for 2024 - https://lnkd.in/gQAtfUBm   Blog - What to expect in 2024 - Changes in ESG regulations and what FSIs need to know - https://lnkd.in/g5X8TfUJ   Blog – Traceability – TrusTrace and New Look Fashion – ESG – Social Governance - https://lnkd.in/g4_XYGhn   Blog - House Republicans say climate disclosure rule puts Science Based Targets initiative outside oversight - https://lnkd.in/giW5qur7   Courses - https://lnkd.in/ga_S5dMR        

Scania publishes Annual and Sustainability Report for 2023. Scania continued performing strongly during the year, increasing both sales and earnings significantly. Scania’s Annual and Sustainability report is published today, detailing its financial, social and environmental performance in 2023.

The manufacturing industry has long been a cornerstone of global economic growth, but it also stands as a significant contributor to carbon emissions. As we face the dual realities of economic recovery and industrialization, the need to address our carbon footprint has never been more urgent. 💠Low Carbon Manufacturing: A Path Forward: Low carbon manufacturing, which focuses on reducing carbon emissions through efficient use of energy and resources, is emerging as a vital strategy. This shift is not only driven by regulatory policies like cap-and-trade and carbon taxes but also by the growing environmental awareness among consumers. Leading companies such as Walmart, Tesco, Hewlett Packard, and Patagonia now prioritize carbon footprint certifications when selecting suppliers, underscoring the importance of sustainability in business decisions. 💠Regulatory and Policy Incentives: Governments worldwide are implementing policies to reduce carbon emissions, offering financial incentives for green innovation. The cap-and-trade system, for example, provides a flexible mechanism for manufacturers to invest in energy-efficient technologies and lower their carbon footprint. These policies significantly impact strategic and operational decisions within the manufacturing sector, encouraging a shift towards sustainable practices. 💠Consumer Trends and Market Dynamics: Environmental consciousness is no longer confined to a niche market; it has become mainstream. Consumers are increasingly willing to pay a premium for products with a lower carbon footprint. This trend provides a strong economic incentive for manufacturers to invest in green technologies and adopt low carbon manufacturing processes. As consumer demand for sustainable products grows, manufacturers must consider carbon emissions in their pricing and production decisions. 💠Collaborative Efforts for a Sustainable Future: Manufacturers are recognizing the importance of collaboration in reducing carbon emissions. Strategic alliances, supply chain collaborations, and eco-industrial parks are becoming common as firms work together to achieve shared environmental goals. This cooperative approach, known as co-opetition, combines competition and collaboration to maximize both individual and collective benefits. At Synergy, we are committed to leading the charge towards a sustainable future. By embracing low carbon manufacturing and fostering collaborative efforts, we can significantly reduce our carbon footprint and contribute to a healthier planet. The time to act is now, and together, we can make a difference.

Recommended read … gives me really new insights in and perspectives on CE - Circular Economy.

Sustainability in manufacturing. Quality is a key pillar of sustainability and product responsibility. Without quality, no product is sustainable, since it will not satisfy the intended function. Products must be safe to use and meet the purity requirements for the respective application.

🍂 Astonishing isn't it Our recent study confirms that the #SupplyChain challenges of the automotive industry have diverted focus from sustainability initiatives. The sustainability investments of suppliers, in particular, have dropped significantly. Considering all the supply chain challenges the #AutomotiveIndustry has faced over the past few years, it’s not surprising that sustainability has been neglected. But now, companies can put that right and have compelling reasons to do so. Besides meeting regulatory and corporate sustainability goals, the drive to integrate sustainability and circularity into supply chain strategy creates more future-proof operations and can improve the bottom line. Find out more about the future of the #AutomotiveSupplyChain 🔗https://lnkd.in/e5xNrNiA #SustainabilityStrategy #SupplyChainManagement #Automotivesustainability

🌳 Discover how smart manufacturing is driving sustainability and paving the way for a greener future in the manufacturing industry. ⬇ cc: 📰 The Economic Times

Our recent study confirms that the #SupplyChain challenges of the automotive industry have diverted focus from sustainability initiatives. The sustainability investments of suppliers, in particular, have dropped significantly. Considering all the supply chain challenges the #AutomotiveIndustry has faced over the past few years, it’s not surprising that sustainability has been neglected. But now, companies can put that right and have compelling reasons to do so. Besides meeting regulatory and corporate sustainability goals, the drive to integrate sustainability and circularity into supply chain strategy creates more future-proof operations and can improve the bottom line. Find out more about the future of the #AutomotiveSupplyChain 🔗https://lnkd.in/dRG_WUUu #AutomotiveSupplyChain #SupplyChainManagement #SustainabilityStrategy #SustainableMobility

Given the fast regulatory and market change pace, many product manufacturers are accelerating their sustainability strategies. Our experts share how manufacturers can lead their industry and capture the economic value created with the market drive to sustainability ⬇️

Improvements in the manufacturing sector around sustainability beg further questions surrounding the decarbonization of the subsequent supply chains. Overall sustainable outcomes come from interrelated technologies and collaborative approaches. When organizations work in tandem with each other to achieve decarbonization goals, the benefits are shared equally between both parties. #Manufacturing #Innovation #DigitalTransformation