Biggest firms start culling suppliers in net-zero drive
Companies from emerging economies likely to be hit hardest as multinationals race to reduce carbon emissions
07 June 2021 - 15:05
For the world’s biggest companies, reducing emissions means cutting suppliers that aren’t moving quickly enough to prepare for a low-carbon economy.
Almost 80% of multinational companies will start culling “slow-to-transition suppliers” by 2025, and 15% have already begun to do so, according to a report from Standard Chartered that is based on a survey of corporate executives at 400 of the world’s largest firms. ..
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