What is Beyond Value Chain Mitigation?

Beyond Value Chain Mitigation" (BVCM) is emerging as a forward-thinking approach that extends the horizon beyond traditional methods. It's not just about making direct operations greener; it's about looking further down the line, influencing, and innovating within the entire value chain. But what does this really mean for businesses striving to make a positive impact on the planet? Let's dive into this concept, explore its connection with the Science Based Targets initiative (SBTI), and understand why it's time for companies to broaden their sustainability strategies.

Understanding Beyond Value Chain Mitigation?

At its core, BVCM is about pushing the boundaries of environmental responsibility. It goes beyond reducing direct emissions and looks at the entire lifecycle of products and services, from raw material extraction to end-of-life disposal. This holistic approach requires a blend of creativity, strategic thinking, and tech-enabled sustainability solutions, making it an ideal playground for sustainability consultants.

The Role of SBTI

Science Based Targets initiative (SBTI), a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI), and the World Wide Fund for Nature (WWF). SBTI encourages companies to set emission reduction targets in line with the latest climate science requirements to meet the goals of the Paris Agreement. It's not just about setting any target, but about ensuring these targets are grounded in what's necessary to drive meaningful change.

Why BVCM Matters? So, why should companies look at BVCM? Here are a few compelling reasons:

  • In a world where environmental crises are becoming the norm, understanding and mitigating risks throughout the value chain can safeguard a company's future. BVCM helps identify vulnerabilities, from supply chain disruptions due to climate change to regulatory changes affecting product materials.

  • Embracing BVCM can spur innovation, leading to the development of new, sustainable products and services. Tech-enabled sustainability solutions, such as blockchain for traceability or AI for energy efficiency, can create a competitive edge.

  • Consumers, investors, and other stakeholders are increasingly demanding transparency and responsibility from businesses. Companies that go beyond their direct impact and strive to mitigate their entire value chain's environmental footprint can build stronger trust and loyalty.

How sustainability consultants can help?

Developing and implementing a BVCM approach can be complex. This is where sustainability consultants come into play. They bring expertise in life cycle assessment, helping companies understand the full environmental footprint of their products and services. With a deep understanding of sustainability strategies and scientific-based targets, consultants can guide businesses through the process of setting and achieving ambitious goals.

Tech-Enabled Solutions: The Game Changer

Technology plays a pivotal role in enabling BVCM. From software tools that perform life cycle assessments to platforms that track the sustainability performance of suppliers, tech-enabled solutions can provide the data and insights needed to make informed decisions. These technologies not only help in measuring the product environmental footprint but also in identifying areas for improvement across the value chain.

Embracing BVCM for a Sustainable Future

Beyond Value Chain Mitigation represents a significant shift in how businesses approach sustainability. By looking beyond direct impacts and striving to mitigate environmental effects across the entire value chain, companies can contribute to a more sustainable future. With the help of sustainability consultants, strategic planning, and the latest technologies, businesses can navigate this complex terrain, aligning their operations with the goals of the Paris Agreement through SBTI. It's not just good for the planet; it's smart business.

How we can support you?

Kick off
Identify objectives, goals and set high level goals and expectations. What applies to your company and when. Engage with the right team and stakeholders. Get everybody aligned on the why.

GAP Analysis
Understand what you already do and what needs to be done. Highlight areas where there is a gap between the current state and where you want to be.

Action Plan
Clearly define specific sustainability goals based on the GAP analysis. Develop concrete strategies and initiatives to achieve your sustainability goals. Break down larger goals into smaller, achievable milestones.

Implement Changes
Articulate the reason for the change and be open and transparent. Keep communication ongoing. Provide training and resources. Lead by example from leadership. Recognize and reward positive contributions. Implement governance on sustainability best practices.

Build a team
Enagage with other departments and stakeholders. Allocate necessary resources, including personnel, finances, and technology, for each initiative. Raise awareness about the importance of sustainability and its benefits.

Continuous Improvement
Establish system to collect feedback. Regularly evaluate preformance. Gather insights to identify areas for improvement. Review key preformance indicators and adjust accordingly. Mistakes are opportunities for growth and learning.

Get started today.
Meeting the reporting standards for the CSRD is not something you can do overnight. Partnerships and expertise is required accross the board. Our team is eager to support you in this journey and get you started. Reach out today to learn more about how we support companies achieving this goal.