Getting What You Need - Supply Chain ESG Discussion on Laws, Resources and
New laws are defining requirements for ESG supply chain oversight brands must conduct but finding resources and
capacity for compliance is an enormous challenge. These new laws include import prohibitions, mandatory due
diligence, advertising restrictions and disclosure requirements. Collectively they require full supply chain engagement
and evidence adequate to convince enforcement authorities, courts, investors and other stakeholders appropriate
practices are in place. Yet, how can companies engage distant unrelated suppliers? How do you find local partners to
guide appropriate practices? Can peers collaborate within the bounds of competition law? This session will provide
updates on U.S. and EU supply chain laws and evolving competition law boundaries as a framework to discuss how
companies can get what they need to achieve supply chain ESG objectives faster and at scale.
Scope 3 Emission Issues for Food Companies
For the food & beverage sector, Scope 3 emissions tend to dominate companies’ footprints. These emissions are
particularly challenging to measure and mitigate, as doing so involves gathering new information across many suppliers,
and often many tiers of suppliers — about 70% of food emissions occur on farm. This participatory, virtual session will
cover how companies can measure and strategically address the highly variable emissions arising from their suppliers.
- What are the key Scope 3 emissions sources for agricultural products?
- How does Land Use Change (LUC) fit into Scope 3 emissions and who is responsible?
- What standards, datasets, and tools are useful for assessing these emissions?
- How do SBTi targets work for food products?
- What steps can companies take to address Scope 3 emissions in their supply chains?
Traders, Transparency and Embedded Carbon
Many food companies have made commitments and set climate targets to address deforestation in supply chains and lower overall emissions to achieve a 1.5-degree world and avoid more severe climate impacts. For these goals to be realized, traders (and aggregators, processors and feed companies) need to eliminate deforestation from
commodities. The key roadblock is a lack of traceability and transparency from traders and similar companies regarding
the embedded carbon and GHGs in the commodities they source and trade. Buyers of these commodities are
increasing liable for such risks in downstream markets. They require traceability and transparency, as do financial
institutions, to avoid commodities that are produced through deforestation and conversion but also social issues
such as bonded labor.