FLEX FOUNDATION
BEST PRACTICES FOR DEEPENING PARTNERSHIPS TO ADVANCE VALUE CHAIN SUSTAINABILITY Kyra Whitten, Vice President, Sustainability, President, Flex Foundation, Flex
An organisation’s influence does not begin and end within its walls, especially when it comes to sustainability impacts and outcomes. Net zero targets need to be hit by 2050 and in order to meet this deadline, organisations must prioritise the creation of science-based plans and deepening their value chain partnerships to minimise both direct and indirect emissions. Reducing Scope 1 and 2 emissions, which refer to a company’s direct greenhouse gas emissions and the emissions associated with its purchase of power or fuel, is no longer enough. There is an urgent need to tackle Scope 3 emissions, which 20 | SUSTAINABLE BUSINESS MAGAZINE
extend to the emissions from other segments of a business’s value chain. These include emissions from transportation and distribution activities, among others, and can often be difficult to capture and measure. So, what are the best practices that organisations can look to embrace to start making an impact? IDENTIFY CHALLENGES TO INFORM YOUR GO-FORWARD PLAN Identifying your organisation’s respective hurdles is critical to informing a go-forward plan and identifying foundational efforts to curb Scope 3 emissions. This can look dif-