Featured Resource: Carbon Reduction KPIs, Terms & Definitions
As companies in the automotive industry proactively work toward long-term goals of achieving carbon neutrality, it is expected that suppliers take an active role in striving to reduce carbon dioxide (CO₂) emissions from their businesses as far as possible. The purpose of this document is to provide general industry-supported guidance to help companies in the automotive value chain in establishing a framework for CO₂ reporting and reduction aligned with common industry expectations.
Featured Resource: Carbon Reduction & Reporting Maturity Roadmap
This guidance document was collaboratively developed by automotive OEMs and tiered Suppliers participating in SP’s Carbon Neutrality Work Group to provide information on key items that companies may wish to consider along a potential carbon reduction and reporting maturity journey. This document is intended as an informational tool to help companies in the automotive supply chain to self-assess their current programs against leading practices to identify potential opportunities for continuous improvement. It is also intended as a resource to help supply chain owners in considering relevant guidance / educational resources to support their own suppliers across varying levels of maturity.
Several of SP’s member companies have announced ambitious public goals focused on carbon reduction, for example:
There are a variety of public resources available from government and non-profit sources that may be helpful to educate and assist companies in the automotive value chain with regard to carbon reporting and reduction including, but not limited to:
- CDP: https://www.cdp.net/en/climate
- Greenhouse Gas Protocol https://ghgprotocol.org/
- ISO 50001 https://www.iso.org/iso-50001-energy-management.html
- Science Based Targets Initiative https://sciencebasedtargets.org/
- Task Force on Climate-Related Financial Disclosures (TCFD) https://www.fsb-tcfd.org/
- US EPA Center for Corporate Climate Leadership: https://www.epa.gov/climateleadership
- US EPA ENERGY STAR Industrial Partnership Program: https://www.energystar.gov/industrial_plants
- US EPA Green Power Partnership: https://www.epa.gov/greenpower
- US EPA SmartWay Partnership Program: https://www.epa.gov/smartway
- US DOE Better Plants Program https://betterbuildingssolutioncenter.energy.gov/better-plants
Note: The resources listed above are provided for educational purposes only. SP cannot endorse, guarantee or recommend any information, products or services provided by any 3rd party organization listed above, and SP and its member companies make no warranty, expressed or implied, and assume no liability for the resources listed here.