EY reveals centre for sustainable supply chains in Singapore
The centre is catered to offer customised services for organisations in their supply chain needs.
EY introduces the EY Centre for Sustainable Supply Chains in Singapore, aimed at propelling sustainable practices for robust supply chains in Southeast Asia.
The inauguration was led by Dr. Koh Poh Koon, Senior Minister of State for Sustainability and the Environment, and Manpower.
Co-headed by Atul Chandna and Praveen Tekchandani, the centre consists of a 50-strong team from EY's Climate Change and Sustainability Services and Supply Chain Consulting sectors.
“Southeast Asia, as one of the major trading and manufacturing hub, plays a key role in global decarbonisation effort. More than 70% of an organisation’s footprint is from indirect emissions from its upstream and downstream supply chain activities, hence supply chain management is an essential part of any corporate decarbonisation roadmap. Net Zero can only be achieved with an effective stewardship approach across the supply chain, and while this is challenging, it is a necessary step for companies to achieve their sustainability goals,” Tekchandani, EY Partner, Climate Change and Sustainability Services, said.
It offers customised services for organisations across their supply chain journey, delivering actionable advice for quick gains and long-term strategies.
Collaborating with partners, the centre provides tech solutions backed by up-to-date insights on supply chain and sustainability trends.
The centre addresses challenges like data visibility, measurement methods, and technological constraints hindering sustainable supply chain adoption. Regulatory complexities and scalability concerns also impede progress.
“Supply chains can be very complex and transparency is an issue that many companies face. Following the supply chain disruptions from the pandemic and global geopolitical disputes, resilience and sustainability in the supply chain have become more important than ever. However, beyond the commitment from the board and management, there needs to be the right strategies, systems and processes on the ground to put intention into action.” Chandna, EY Asia-Pacific Supply Chain Leader said.