Companies participating in the first phase of the Action Exchange program, launched on 21 January, include the Bank of America, L’Oreal, PepsiCo, Philips, Vodafone and Walmart.
IIP’s role in the project is to work with participating firms to help them improve energy efficiency in their supply chains by conducting assessments in suppliers’ facilities.
IIP’s Executive Director, Jigar V. Shah says the value of using supply chains to drive change cannot be underestimated.
“Around 40 to 60 percent of a manufacturing company’s carbon footprint comes from its supply chain, but this number can be as high as 80 percent. These numbers could be significantly reduced through better energy efficiency practices. As energy efficiency brings a host of other benefits, companies can also expect to improve their profitability, productivity and competitiveness in the process.” he says.
The six firms participating in the first phase of the three-year project will lead the way for other companies to follow.
The Action Exchange Project bears no cost for participating firms. It is being generously supported by the ClimateWorks Foundation and the Energy Foundation.