EcoVadis’s Carbon Action Module Declared Top Product of the Year by Environment + Energy Leader
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Key Takeaways
⇨ EcoVadis’s Carbon Action Module (CAM) has won the Top Product of the Year Award from Environment + Energy Leader.
⇨ The Carbon Action Module offers businesses a comprehensive perspective on each supplier's endeavors to manage greenhouse gas (GHG) emissions, leveraging both qualitative and quantitative primary data, including corroborating evidence directly from the suppliers.
⇨ This tool quantifies and organizes the decarbonization process, allowing procurement bodies to incorporate climate action initiatives into their purchasing strategies and procedures
EcoVadis’s Carbon Action Module (CAM) has won the Top Product of the Year Award from Environment + Energy Leader. The 2023 E+E Leader Awards initiative celebrates outstanding achievements in products and projects that bring about substantial benefits in terms of energy and environmental impact.
Numerous companies need more supply chain resiliency to speed up progress towards their emission-reduction objectives. The Carbon Action Module offers businesses a comprehensive perspective on each supplier’s endeavors to manage greenhouse gas (GHG) emissions, leveraging both qualitative and quantitative primary data, including corroborating evidence directly from the supplier. This tool equips organizations to take broad climate action by encouraging their value chain trading partners, of varying maturity levels, to participate actively in decarbonization efforts.
The Carbon Action Module is a comprehensive toolkit, equipped with management indicators, tools, and an interaction platform, which aids suppliers in establishing a baseline, advancing in maturity, recording and computing emissions, setting goals, and enhancing carbon management protocols. This system effectively quantifies and organizes the decarbonization process, thus allowing procurement bodies to incorporate climate action initiatives into their purchasing strategies and procedures. Some of the platform features are:
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Carbon Heatmap: The carbon emissions risk/opportunity mapping tool identifies carbon hotspots across the supply chain and provides a robust carbon emissions risk calculation on suppliers and their company details for further insights. The tool also suggests recommendations for each supplier to start engagement toward decarbonization.
Carbon Rating: This identifies a supply chain’s carbon performance and improvement areas to accelerate the engagement strategy. The tool also provides a roadmap for strategy refinement.
Carbon Calculator: The tool calculates the GHG emissions by identifying activity, energy sources, and consumption data. This calculation is based on global emissions factor database that covers 180 geographic locations.
Sustainability Metrics: The tool allows to request, monitor and track sustainability metrics, including quantitative primary data on Scope 1, 2 and 3 emission, renewable energy, consumed, and energy consumption.
E-learning Hub: The tool allows employees and suppliers to drive decarbonization strategy as it equips them with knowledge on GHG management and improvement plans.
Carbon Dashboard: The dashboard provides a holistic view of a company’s network’s GHG management performance. The tool allows to analyze key performance indicators by region or industry, monitor progress and highlight specific decarbonization action areas to build targeted improvement plans.
