THG has won Supply chain initiative of the year for the EMEA region, as the ecommerce technology and brand owner has transformed its approach to decarbonisation efforts throughout its supply chain.
In its submission, THG claimed over 97% of its total carbon footprint comes from Scope 3 emissions. This was the motivation for launching the Partnership in Action (PACT) initiative, in a bid to decarbonise its full supply chain.
The business aims to reduce its absolute carbon emissions by 42% for Scope 1 and 2 by 2030, and by 97.7% by 2040, and reduce absolute carbon emissions by 90% for Scope 3 by 2040, as validated by the Science Based Targets initiative (SBTi).
The initiative sets targets for each specific supplier, streamline their data collection processes to simplify their contribution to THG's sustainability efforts, and focus on resource provisions via free access to accounting guidance and training materials.
To date, its supplier's targets include: the use of 100% carbon-free electricity by 2030 and 6% carbon intensity reduction year-on-year for purchased goods and services, transport and distribution, in addition to 85% of suppliers by spend to have science-based targets by the end of 2027.
It also relies on its external sustainability consulting arm, THG Eco, to provide suppliers with a range of services, including lifecycle assessments and greenhouse gas inventories.
"We're proud to have won the award for Supply Chain Initiative of the Year for our work on PACT – Partnership in Action. We believe that real impact needs coordinated action between governments, organisations, businesses and individuals," Mark Jones, chief sustainability officer at THG, told Environmental Finance.
"That's why we wanted to leverage our global scale, partnerships and capacity for innovation to accelerate change. This active engagement with our suppliers, combined with the hard work and dedication our team at THG has put in, is what allows initiatives like PACT to be so successful."