New Era of Carbon Visibility in Supply Chain

The first set of EU Corporate Sustainability Reporting Directive (CSRD) standards would be adopted by later 2022, which means large public-interest companies with more than 500 employees in EU (that's nearly 12K companies) would have to disclose environmental and social information based on the guidelines. And EU's 'Fit for 55' refers to the EU's target of reducing net greenhouse gas emissions by at least 55% by 2030, and it will apply carbon trading to the transport sector in 2026. Here, carbon trading means companies would have to buy emission rights above certain thresholds. Yes, buying! It means it is a hard dollar/euro cost item on your balance sheet. That's why carbon visibility reporting for complex and multi-tier supply chain is a hot topic, and a digital logistics platform company like Transporean is drawing up a new era of carbon visibility partnering up with a handful of large enterprises (like Pepsico, Sipro, Trane, Evonik, Rewe, and DS Smith) to test their beta version. I've recently sat down with Hermann Ude, Chairman of the Supervisory Board at Transporean, a former CEO at DHL Global Forwarding & Freight, who has such keen and practical insights to the matter.