NAVIGATING SUSTAINABILITY FOR THE ENTIRE SUPPLY CHAIN
Fosterra is committed to providing you with unparalleled visibility into the drivers for sustainability buried within your supply chain, ensuring that every action is a deliberate move toward a more responsible future. Our perspective is that all activities involving the commitment of resources, capital, and expenses are within your Scope 3 boundary - a definition supported by both voluntary frameworks and regulations. With Fosterra’s expertise and holistic approach, you gain a partner for both decarbonizing the supply chain and reaching your overall sustainability targets.
Visibility into your Supply Chain
Understanding the drivers for supply chain environmental impact and risks is the first step towards building a prioritized Scope 3 action plan. Leveraging our expertise and supplier portal, we efficiently gather, store, and provide real-time insights into all material activities across your entire supply chain.
-
Targeted sustainability data gathering
Harnessing the power of data is crucial for steering your supply chain towards sustainability. Our platform employs targeted sustainability data gathering techniques, allowing us to collect and analyze key metrics relevant to your environmental and community objectives. This approach empowers us to identify areas for improvement, implement strategic changes, and drive positive impact throughout your supply chain.
Expertise in complex regional and global supply chains
Navigating the complexities of both regional and global supply chains requires a unique set of skills and expertise. We pride ourselves on our understanding of these intricate networks and how they work. Our team of experts is dedicated to identifying gaps in information reporting, hidden risk areas, and ways to fill those gaps. Our track record of engagements in a wide variety of industries and regions will uncover opportunities to gather information from hard-to-find data sources.
Real-time access to supplier facility-level data
When you need data, you want it right now. Our platform was developed to provide vital real-time raw data and analysis. Our model does not hide or restrict your access to your own data, but rather enables your team to see historical and fresh information as it is reported. We pre-populate GHG emissions factors for new supplier facilities with annual updates to utility-reported data globally. The supplier portal is also simple and user-friendly for your suppliers because data reporting should not be a barrier to gathering this essential insight. We can also easily connect to internal systems for data sharing or external databases for streamlined reporting via APIs.
Accountability for Supply Chain Activities
We recognize that the cornerstone of sustainable business is ensuring accountability for supply chain activities, decisions, and impacts. The identification of “hot spots” across global suppliers requires action to drive positive change. Our team speaks the languages of commerce and sustainability and brings independent expertise to guide suppliers toward desired targets.
-
GHG accounting and baseline calculations
Understanding the environmental impact of all supplier facilities and supply chain activities is the first step towards taking accountability for Scope 3 emissions. We specialize in detailed Greenhouse Gas (GHG) accounting for baseline calculations, providing you with a comprehensive view of your carbon footprint using annual activity-based metrics, not just estimates. Armed with this knowledge, you can easily identify the hot spots and prioritize efforts for improvement.
Drivers for Scope 3 and areas for improvement
Scope 3 emissions present unique challenges and opportunities. Our experts delve into the intricacies of your unique business model and supply chain to determine key drivers and areas for improvement. We then collaboratively engage with your suppliers using best practices and potential solutions to address these challenges. This award-winning approach unlocks the full potential of your supply chain to become catalysts for positive change.
Scope 3 reporting, due diligence, and risks
Regulatory requirements are rapidly evolving toward comprehensive Scope 3 reporting. This includes annual data on your environmental impact, your sustainability goals and progress toward them, and risks to both your business and the environment. Addressing these requirements relies on independent expertise and a proactive approach. Our team will guide you through the process and conduct thorough due diligence of sustainability and operational risks to ensure compliance and minimize potential issues from improper public reporting. Our aim is to make sustainability reporting an integral part of your business that leverages the valuable insights gathered during the process and satisfies mandatory requirements.
Sustainability Strategy
We view sustainability not just as a far away destination but as a dynamic program to improve our shared environment in the near term. We collaboratively develop a roadmap that charts your path towards a greener, more responsible business. Our approach combines high-level target setting including key stakeholders with the development of a detailed project portfolio that will enable achievement of those targets.
-
Target setting
Setting clear and realistic targets is the first mile marker on our roadmap journey. We work closely with your team to identify key sustainability objectives, ensuring they align with your values, industry standards, and key stakeholders. Whether it's reducing carbon emissions, minimizing waste, or enhancing ethical sourcing, our tailored approach ensures your targets are both internally impactful and externally recognized.
Real-world actions to reach targets
We pride ourselves on translating sustainability goals into concrete real-world actions. From implementing energy-efficient practices to making responsible sourcing decisions, we build your roadmap from the ground up to show the way forward. We develop practical steps that include cost-benefit analysis and impact on stated goals to turn your commitments into tangible results.
Shining the light on best practices
As your business begins to turn toward enhanced sustainability, best practices emerge and individual products become “clean-by-design”. We use our Lighthouse Strategy to help shine a light on these success stories internally to build momentum and knowledge across your organization about what can be accomplished. This approach is also leveraged externally in your communities, with customers, and for investors to demonstrate your vision and commitment to the future.
Defining Supply Chain
FOLLOW THE MONEY
Clients often ask “what can be included in supply chain efforts?” Our approach to answering this question is to consider all recipients of corporate funds to be part of the broad definition of supply chain. This can include anything related to sourcing, packaging, ingredients, materials, co-manufacturing, storage, transportation, logistics services, and the outbound movement of finished goods to customers and end consumers. We believe that you must address every link in this interconnected value chain to create a sustainable and resilient business.
SCOPE 3 COMPREHENSIVE APPROACH
To align with typical corporate reporting standards for transparency and accountability, we connect all data, reporting, and engagement to the 15 defined SBTI Scope 3 areas. This framework enables us to comprehensively assess and manage emissions from not only your supply chain but also the full spectrum of indirect emissions.
-
Purchased goods and services
Capital goods
Fuel and energy related activities
Upstream transportation & distribution
Waste generated in operations
Business travel
Employee commuting
Upstream leased assets
Downstream transportation & distribution
Processing of sold products
Use of sold products
End-of-life treatment of sold products
Downstream leased assets
Franchises
Investments
WORLD-CLASS PROGRAM AND PLATFORM
Highlights of Fosterra’s supplier engagement platform
Intuitive, easy to use portal for capturing and analyzing sustainability data from your supply chain
Direct integration into our award-winning engagement program
Customizable measures and metrics for data gathering
Simplified units and conversions to standardize calculations for each metric
Pre-populated GHG emissions factors for real-time calculations
Target setting and progress tracking for ongoing goals
Robust data collection process through the survey function
Curated multi-media resource library for knowledge sharing
Dedicated, secure supplier portal for data inputs
Tracking of supplier engagement and actions taken
Easy access to data within the platform and for export
Hands-on support for suppliers from sustainability experts
Optional supplier discussion forum module
CLIENT FEEDBACK
“The portal is a much easier process than we had before”
“We’ve seen a 60% improvement in supplier data responses and quality”
“We met our goals ahead of schedule and exceeded GHG reduction targets”
“With this program, our suppliers are now taking the lead on sustainability”
“The portal is a much easier process than we had before” “We’ve seen a 60% improvement in supplier data responses and quality” “We met our goals ahead of schedule and exceeded GHG reduction targets” “With this program, our suppliers are now taking the lead on sustainability”
Together, we can create a supply chain that meets the needs of today and preserves resources for generations to come.