International Journal of Management and Commerce Innovations ISSN 2348-7585 (Online) Vol. 7, Issue 2, pp: (1067-1075), Month: October 2019 - March 2020, Available at: www.researchpublish.com
A STUDY ON THE REDUCTION OF CARBON FOOT PRINT IN END TO END SUPPLY CHAIN 1
Milan Jose, 2Rinu Anna Rajan
Abstract: Green Supply Chain Management (GSCM) has become the driving force behind a sustainable strategy. Both the academy and industry have gained increasing attention to this issue to make the industry competitive. With the ever-increasing demand for the reduction of carbon footprints and greenhouse gas emissions, there is a need to study the various parameters and drivers of sustainable development, particularly in the area of supply chain management. The study proposes that the main drivers of GSCM include environmental policy and green human resource management by providing them with training on sustainability practices. Also, the sustainability criteria in the selection of suppliers, which have been found to enhance sustainability outcomes, are another key driver. Keywords: Carbon emissions, Green Supply Chain Management, Sustainability, Supply chain.
1. INTRODUCTION Companies have used supply chain intervention successfully for decades to improve their financial bottom line. Successful firms expanded their field of vision to look at the processes and operations of the firms they buy from and the firms they sell to. This has enabled them to make better, more informed decisions regarding how to run their operations. There were many benefits: improved productivity, increased efficiency, reduced waste, reduced capital requirements, and increased product development are just a few. Recently, the Carbon Trust released a report called ' Carbon emissions generated in everything we consume’. This report turns the traditional view of corporate carbon emissions on its head by showing that all the economy-wide emissions are generated to meet end consumer needs. The report concludes that companies can use a supply chain approach to search for new ways to reduce carbon emissions, just as they have used supply chain analysis for decades to deliver financial benefits. Energy efficiency has succeeded in delivering valuable carbon and cost savings for business and will continue to succeed. However, mitigating climate change will require more fundamental changes in the way business delivers goods and services to end consumers. The magnitude of the challenge is expressed in the goal of reducing carbon emissions in the UK by 60 percent from 1990 rates by 2050, set by the government in the 2003 Energy White Paper. The next step for companies to take in efforts to reduce carbon emissions and mitigate climate change is to control the carbon footprint of goods across the supply chain. There are several problems which drive businesses to take action, including: Increases in direct energy costs and supplier energy cost Existing and planned legislation punishing high energy consumption and reductions in emissions Changing consumer attitudes towards climate change, offering forward-thinking firms an opportunity to develop and market low-carbon products. Managing a product's carbon footprint means minimizing the carbon emissions that are required to deliver that product to the end consumer. A product's carbon footprint is the carbon dioxide emitted for a single unit of that product over the supply chain.
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