To get past a carbon-only approach, businesses need a data strategy that helps them manage information on a range of environmental and social impacts Sponsored by Cognizant
To track their shortfalls on the social foundation, businesses can use, a method for analyzing the positive and negative social impacts of a product. It allows companies to track their impact on human rights, working conditions, health and safety, or socioeconomic development on distinct groups of people like workers and employees, local communities or consumers.Tracking multiple impacts sounds like a big and costly task.
Take the example of a large food company that has acknowledged climate change, biodiversity loss and responsible sourcing as some of its most important sustainability issues. The company has realized that these three are highly linked and that regenerative agriculture practices in its supply chain can help drive co-benefits on all three issues.
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