Measuring carbon emissions has become a priority for businesses. The process of building a complete picture of emissions, levers and impact can be complex. Through scenario modelling, the true impact on carbon emissions and product cost can be identified. This can be a competitive advantage to make informed decisions and identify levers that not only reduce carbon but also cost.
Manufacturers can only have full visibility of their carbon emissions when calculations are done at a product level. The benefits of a granular, product-focused approach include:
For any manufactured product, a breakdown can be created capturing all relevant factors contributing to CO2 emissions – this can be calculated for simple products, like a can or potato, or much more complex items – the wing of a plane or a car battery for example.
Once you understand the current carbon emissions of a product, the next step will be identifying the best ways to reduce them whilst still fulfilling customer requirements. Here are some aspects you may consider changing that will affect your carbon footprint.
Product Design
Procurement and Supply Chain
Operations
End of life and Circularity
Implementing improvement initiatives can have a significant impact on reducing your carbon footprint, but also your unit cost.
Improvement Initiatives
Output Results
After looking at ways to understand and change your carbon footprint, it is vital to consider how consumers are embracing sustainability and the impact to buying behaviours¹.
Changes to daily behaviours also reflect more focus on sustainability and sustainable products and packaging.
If you would like to learn more about how to calculate and impact your carbon footprint and costs, please reach out to us.
Contact us at vendigital.com/contact
Sources
1 – Ebook-Food-for-Thought.-Does-Sustainability-Matter by Vypr
Sign up to get the latest insights from Vendigital
Create a competitive advantage
Related Insights
In today’s business environment, effective cost management is critical for sustaining profitability and competitiveness. We discuss some best practice approaches that can be taken to manage product costs.
We explain how analysing and challenging Could Cost and Should Cost elements using fact-based models, value engineering and benchmarking can help achieve Best Cost.
In a difficult economic climate for both consumers and business, food and drink producers face a delicate balancing act to keep costs down while maintaining quality for customers.
Subscribe to our newsletter
