Our focus here at SocialBox.Biz is engaging with companies and their supply chain whilst focusing on green and socially focused efforts. By supporting our clients with building up their environmental social governance profiles we work towards the best possible solutions for the environment and social communities, which is why we’re passionate about spreading awareness on Green-related supply chains and what they do for corporations.
Today we spoke with the Chief Operating Officer at the ET Index Research who provides investors with corporate carbon emissions data, portfolio carbon analytics in-line with FSB Task Force Recommendations, as well as low carbon indexes.
Ravi Patel, COO at ET Index Research said: ”I’m sure the UK companies you engage with will be interested in reading about the data points we provided you with. Companies who choose not to release their Scope 3 emissions, those that primary come from the company’s supply chain, receive the lowest score in their sector on our rating index” added Ravi
Why is this important?
Scope 3 reporting provides consumers and investors with information regarding a company’s commitment to sustainability and environmental policies. These ratings also help the companies themselves to compare their score with competitors and work towards less energy and resource risks in their respective supply chains. They can then identify energy efficiency and cost reduction opportunities as it relates to their supply chains, engage suppliers, promote their sustainable efforts, and work to create a better system all around.
Scope 3 emissions include:
Transportation and distribution (up- and downstream), purchased goods and services, waste disposal, business travel, employee commuting, transportation, investments, leased assets, and more.
Here at SocialBox.Biz, we believe that our initiatives help reduce Scope 3 emissions as our solutions are locally focused and we work with our clients to promote such activities. It’s so important today that we invest in the companies with focus on social and environmental efforts. With the ET Index Research, we’re one step of the way there.
How Green and Socially responsible activities can increase the share price ?
Do companies with more social impact have better quality products ?