Action Redesign the value chain and source strategies To meet emissions targets and decarbonize at scale, companies need to pursue innovative business models and technologies, and transform their value chains for sustainability. Explained by BCG In partnership with WBCSD Climate Masterclass Series Partnerships Supply chain Last updated: 25/10/2023
Action Build partnerships through alliances and co-investments Partnerships help solve multiple supplier decarbonization challenges. When selecting partners, consider who to work with, what issues to target, and how to ensure effectiveness. Explained by BCG In partnership with WBCSD Climate Masterclass Series Partnerships Supply chain Last updated: 16/10/2023
Action Create financial incentives for suppliers Supplier decarbonization can be incentivized financially or non-financially. Understanding supplier context and related benefits and risks is key for implementation. Explained by BCG In partnership with WBCSD Climate Masterclass Series Finance Supply chain WBCSD Masterclass Last updated: 09/10/2023
Action Switch to renewable energy to decarbonize industrial heat Low- or zero-carbon fuels and renewable energy technologies allow heat-intensive industries to reduce emissions from combustion of fuels (e.g., in manufacturing facilities) Explained by BCG Industry heating Investment strategy Procurement policy Renewable Energy Last updated: 13/09/2023
Action Reduce building emissions with energy management systems Energy management systems optimize the operations and maintenance of energy assets in buildings, allowing energy savings of around 10-15% and emissions reductions Explained by BCG Efficiency measures Energy demand Operational policies Last updated: 13/09/2023
Action Switch to alternative proteins in commercial food production Commercial food producers can adopt meat alternatives by sourcing proteins from plants, fermentation, or cultivated animal cells to reduce emissions from animal-based foods Explained by BCG AFOLU sector Food Procurement policy Product design Last updated: 13/09/2023
Action Implement circularity in value chains to reduce emissions Circular economy approaches in the value chain address inputs, product design, production, and end-of-life activities to increase reuse and recycling of raw materials and products Explained by BCG Business model Circular Economy Operational policies Product Life Cycle Last updated: 13/09/2023
Case Study Maintain and enhance forest carbon sinks with silviculture The impacts of climate change on forest health and productivity are constantly evolving. Weyerhaeuser manages their forests to ensure they remain part of the climate solution Applied by Weyerhaeuser Company AFOLU sector Business model Silviculture Last updated: 13/09/2023
Action Finance climate action with green bonds Green bonds is a broad term for the raising and use of debt specifically for decarbonization or sustainability-related efforts Explained by BCG Decision Making Finance Investment strategy Last updated: 12/09/2023
Action Collaborate with peers to set and meet supplier targets Decarbonize supply chains by collaborating with peers to set industry-wide supplier targets (e.g., for renewable energy) and help suppliers achieve these by aggregating demand Explained by BCG Operational policies Partnerships Supplier engagement Supply chain Last updated: 12/09/2023
Action Decarbonize low-temperature industrial heat with heat pumps Industrial heat pumps generate low-temperature process heat with higher efficiency and lower GHG emissions than conventional fossil fuel heating options. Explained by WBCSD Heat pumps Industry heating Procurement policy Last updated: 05/09/2023
Action Decarbonize low-temperature heating using heat as a service Heat as a service (HaaS) enables companies to source sustainable heat through a long-term contract without the need for upfront investment. Explained by WBCSD Industry heating Operational policies Partnerships Procurement policy Last updated: 05/09/2023