As responsible for sustainability and climate efforts, you know that achieving your company’s net zero commitments and science-based targets goes beyond internal operations—it requires the full alignment of your supply chain.
With mounting pressure from investors, regulators, and stakeholders, ensuring that your suppliers are on track with their own science-based targets is crucial to meeting your targets. But managing this can be complex and time-consuming, especially without the right tools in place.
Open Sustainability Index’s Net Zero Tracker offers a streamlined and automated solution, giving you the power to efficiently track your supplier base’s science-based targets, monitor your spend towards net zero, and ensure your strategy is on course—all without the traditional burden of questionnaires or manual processes.
Keep Track of Your Supplier Targets
One of the most significant challenges in achieving your net zero targets is ensuring your suppliers are also committed to reducing their emissions. With most emissions for many corporations stemming from Scope 3, your ability to meet targets hinges on how well you track supplier commitments.
With Open Sustainability Index’s Net Zero Tracker, you can:
- Monitor supplier science-based and net-zero targets: Gain visibility into the near term and net zero targets of your supplier base, ensuring that you work with partners who align with your science-based targets. This gives you an at-a-glance view of which suppliers are on track and which may require additional engagement or incentives. Keep track of the share of suppliers commited to net-zero.
- Assess supply chain net-zero readiness: Understand where your supply chain stands in terms of net zero readiness. Whether you have a few key suppliers or a broad, global network, Open Sustainability Index’s Net Zero Tracker provides real-time insight into their progress towards net zero.
Track Net Zero aligned Spend Share
It’s not enough to know that your suppliers have made commitments—you need to ensure that a significant portion of your company’s spend is directed towards those that are serious about climate action.
Open Sustainability Index’s Net Zero Tracker helps you:
- Monitor your spend toward net zero targets: Track what percentage of your total procurement budget is spent on suppliers committed to achieving net zero, adhering to the 1.5°C pathway. This empowers you to make data-driven decisions about where to allocate your resources, ensuring that your investments align with your corporate climate strategy.
- Focus on climate-aligned partners: Identify which suppliers are leaders in sustainability, and prioritize spending with them. This not only drives down your Scope 3 emissions but also fosters a sustainable supply chain, which is increasingly critical for maintaining business resilience.
Eliminate Questionnaires and Manual Tracking
As a sustainability leader, your time and resources are valuable. Traditional methods of tracking supplier sustainability—such as sending questionnaires, chasing responses, and manually entering data—are not only inefficient but also prone to error and incomplete data.
With Open Sustainability Index’s Net Zero Tracker , you benefit from:
- No more questionnaires: Eliminate the need for surveys and manual data collection. Open Sustainability Index’s Net Zero Tracker integrate with your supplier systems to pull real-time data on net zero commitments and progress, removing administrative burdens for both you and your suppliers.
- Automated updates: Receive automatic updates on your suppliers’ sustainability progress. Whether it’s tracking how much of your supplier base is committed to science-based targets or how much of your procurement spend aligns with net zero commitments, the platform does the heavy lifting, providing accurate, up-to-date insights and analysis.
Real-Time, Actionable Insights
As a sustainability officer, it’s essential to have a clear, real-time understanding of your company’s climate performance. Open Sustainability Index’s Net Zero Tracker offer live insights into your supplier base and spend, allowing you to:
- Make proactive decisions: Quickly identify areas where additional supplier engagement is needed or where adjustments in procurement strategy can boost progress towards your net zero targets.
- Ensure alignment with corporate goals: Track and report on your company’s progress towards net zero with confidence, knowing that the data is comprehensive and up to date. This strengthens your position when communicating with leadership, investors, and regulators.
Why Automating Net Zero Tracking is Essential for Your Climate Strategy
Net zero targets isn’t just a distant goal; it’s a critical business strategy that must be woven into the fabric of your company’s operations today, as you very well know. With Open Sustainability Index’s Net Zero Tracker, you can:
- Increase efficiency: Free up time and resources by replacing manual tracking processes with automated, real-time monitoring.
- Enhance accuracy: Eliminate human error and ensure your data on supplier commitments and spend share is reliable and precise.
- Drive accountability: Hold suppliers accountable for their climate commitments, ensuring your entire value chain is working toward the same sustainability goals.
By leveraging Open Sustainability Index’s Net Zero Tracker, you position your company to lead on climate action, meet your regulatory obligations, and future-proof your supply chain in an increasingly sustainability-driven market.
Now is the time to ensure your net zero tracking is as efficient and effective as your climate strategy demands.
Take a look at the API Documentation, contact us or book a meeting to learn more.