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Annual sustainability reports may not encapsulate the entirety of an organisation's environmental impact.
With 80% of global organisations* reporting on their environmental impact and a majority committing to reduce their carbon emissions year over year, it’s safe to say environmental, social, and governance (ESG) initiatives are a top priority for leaders across industries.
However, annual sustainability reports may not encapsulate the entirety of an organisation’s environmental impact. Regulating bodies around the world are increasingly pressuring and even mandating organisations to include their supply chain vendors in their environmental disclosures.
Global climate consultancy experts at Carbon Trust estimate that up to 90% of an organisation’s environmental impact falls within its supply chain. To back that up, research we conducted with Economist Impact indicates that more than 60% of organisations believe they need to improve visibility into their supply chains to foster overall business resilience.**
Measuring the impacts of an organisation’s supply chain touchpoints means looking at scope 3 emissions. We invite you to view our annual response to CDP and visit our corporate responsibility webpage for more information about Iron Mountain’s commitment to environmental sustainability. Resources available on the corporate responsibility webpage include our annual Corporate Responsibility Report, Task Force for ClimateRelated Disclosure (TCFD) report, and Global Environmental Policy. We may also make our UK Environmental Policy available upon request.
*Scope 3 categories include downstream leased assets, upstream T&D loss and business travel. Iron Mountain recognises the importance of a complete and accurate greenhouse gas inventory as a step to reduce greenhouse gas emissions from our value chain. We are in the process of evaluating potential scope 3 calculation methodologies for other relevant scope 3 categories.
1) Please note that these figures are pending our final data assurance statement which will be made available as part of our annual Corporate Responsibility Report.
As you evaluate your scope 3 emissions impact, it’s also important to think beyond carbon; look at areas in your supply chain where you might be using a lot of water or generating waste. With so many moving parts (the EPA counts 15 total scope 3 emissions categories), it can be hard to track it all and, even so, not every piece is relevant to every organisation. This is why it’s necessary to maintain governance by selecting vetted and responsible supply chain partners.
Here are three tips to help you engage with your supply chain to reduce your own environmental impact:
To get a better sense of your organisation’s work with existing supply chain partners, talk to your procurement team. They can provide you with a list of everyone your company works with and, from there, you can ask questions and use tools like EcoVadis and CDP Supply Chain to assess their sustainability efforts.
Whether you’re already working together or you’re evaluating new partners, consider asking:
By including data from your supply chain partners in your reporting, your organisation will establish itself as more accountable, comprehensive, and transparent when it comes to your sustainability efforts, which ultimately reflects the integrity of your brand. So, when it’s time to add a new partner to your supply chain, make sure your goals are aligned, ask them to provide you with the sustainability data you need, and start having regular conversations about ways you can lessen your overall environmental impact.
Learn more about how Iron Mountain can help support your sustainability goals here.
*The KPMG Survey of Sustainability Reporting 2020
**Research by Economist Impact, sponsored by Iron Mountain
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