SupplyChain Magazine July 2022 | Page 13

Firms ' over-reached on sustainability targets ' - Bain report

A Bain & Company report released during the recent Davos summit suggests 31 % of businesses did not come close to hitting ambitious 2020 carbon emission targets
Nearly a third of organisations globally failed to meet their net-zero carbon emissions targets for 2020 , research from Bain & Company suggests .
Bain ' s study shows that 31 % of businesses who set and published 2020 Scope 1 and 2 emission reduction targets did not meet them , with more than a quarter missing their sustainability goals by as much as 80 % in some cases .
The research was released at the World Economic Forum , held from May 22-26 in Davos , Switzerland .
The report also reveals the wider picture of sustainability challenges that businesses face , as they struggle to meet the raft of net zero commitments made to investors , regulators and the public .
Bain says many C-suite execs feel overwhelmed by the scale of the challenge .
� US PORTS SECURITY
The US Department of Defense is using AI to manage security at its ports , for real-time supervision of people , vehicles and cargo .
� WOMEN IN LARGE FIRMS An annual Gartner report on women in the supply chain workforce shows that women are , largely , more likely to reach executive level .
� WOMEN IN SMES The same Gartner report reveals 43 % of SME supply chain leaders say the pandemic has hit the career progression of women .
� SUPPLY CHAIN SUSTAINABILITY A Bain report ( see left ) suggests 31 % of businesses did not come close to hitting ambitious 2020 carbon emission targets .

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