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Do You Know the Carbon Impact of Your Product?

There is growing pressure from consumers, suppliers, and policymakers on companies to disclose the carbon impact and chemical composition of their products. Here’s how to measure the carbon impact of your product and how to leverage that information for reductions.

 

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The Difference Between Product & Corporate Carbon

As the world continues to grapple with the challenges of climate change, it has become increasingly important for companies to measure and reduce their carbon footprints. Two terms that are often used in this context are product carbon and corporate carbon. While they may sound similar, they refer to different things and require different approaches to address them. 

 

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Purchasing Power and Supply Chain Transparency

Maybe you've heard someone say, “we vote with our dollars.” The basic idea is this: we are told that - to be sustainable consumers - we should buy plant-based products that are compostable or recyclable where we live (insert any number of sustainable marketing terms here). It puts the onus on each person to use their purchasing power to drive climate change, one compostable product at a time.

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Scoring Well on the CDP

At Foresight, we love the adage, “you can’t manage what you don’t measure.” Without actual data, you can’t make strategic decisions for the good of your company - and others agree. While there are a host of reporting frameworks for companies, the CDP is one of the most comprehensive frameworks with unique benefits. Because of its layered scoring structure, though, it can be challenging to get a “good score.” Here’s a look at how it works.

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